Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.009%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$830.835% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.009%, 7d avg −0.052%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.061% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CCUSDT	0.1161	0.0100	pay 0.0050% / 4h	1h 12m	$10.5M	$3.8M	25x
Short	MEXC CC_USDT	0.1161	0.0100	get 0.0050% / 4h	1h 12m	$1.7M	$314K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee MEXCbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.052%: $6.1
Slippage, 4 orders: −$68.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$77.38
Costs to cover: 0.835%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	4.74 bp	33.2 bp −$33	402.4 bp −$4,024	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.43 bp	7.5 bp −$8	62.3 bp −$623	247.6 bp −$24.8K	515.2 bp −$257.6K

CC on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective CC/USDC PERP	−0.3951%	1h	0.1147	−1.172%	$6K	$99	5.5x	as long as short
Paradex CC-USD-PERP	+0.0094%	8h	0.1161	+0.071%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1161	+0.061%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1161	0.000%	$10.9M	$11.1M	75x	as long as short
Bybit CCUSDTlong	+0.0100%	4h	0.1161	long leg	$10.5M	$3.8M	25x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1162	+0.086%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1160	−0.069%	$360K	$212K	50x	as long as short
MEXC CC_USDTshort	+0.0100%	4h	0.1161	+0.009%	$1.7M	$314K	100x
KuCoin CCUSDTM	+0.0100%	4h	0.1162	+0.129%	$492K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1162	+0.129%	$927K	$788K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1160	−0.026%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1161	0.000%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1160	−0.012%	$579K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1162	+0.146%	$78K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1160	−0.077%	$7K	$35K	6.7x	as long as short
Hyperliquid CC	+0.0258%	1h	0.1164	+0.267%	$5.4M	$1.4M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1161	+0.060%	$583K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0442% / S −0.0239%	1h	0.1161	+0.066%	$43K	—	50x	as long as short
Lighter CC	+0.1272%	1h	0.1166	+0.439%	$234K	$152K	5x	as long as short