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: Bybit against MEXC+0.026%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.051%+$5 · spread now +0.026%, 7d avg +0.053%

Together, before fees+0.051%+$5 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: Bybit is 0.027% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CC_USDT	0.1167	0.0100	pay 0.0050% / 4h	2h 39m	$1.7M	$294K	100x
Short	Bybit CCUSDT	0.1167	0.0100	get 0.0050% / 4h	2h 39m	$10.6M	$3.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.053%: −$2.69
Slippage, 4 orders: −$69.82
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.5
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: 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 MEXC live order book, 2 min ago	0.43 bp	6.3 bp −$6	51.0 bp −$510	248.1 bp −$24.8K	859.3 bp −$429.6K
Sell Bybit live order book, 3 min ago	2.57 bp	33.5 bp −$34	292.9 bp −$2,929	doesn't fit	doesn't fit

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	−0.3670%	1h	0.1153	−1.183%	$6K	$98	5.5x	as long as short
Paradex CC-USD-PERP	+0.0099%	8h	0.1167	+0.054%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1166	−0.072%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1167	+0.040%	$11.1M	$10.8M	75x	as long as short
Bybit CCUSDTshort	+0.0100%	4h	0.1167	+0.026%	$10.6M	$3.7M	25x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1168	+0.086%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1166	−0.086%	$362K	$206K	50x	as long as short
MEXC CC_USDTlong	+0.0100%	4h	0.1167	long leg	$1.7M	$294K	100x
KuCoin CCUSDTM	+0.0100%	4h	0.1167	+0.009%	$493K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1168	+0.077%	$941K	$791K	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	0.1167	+0.034%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1167	+0.043%	$17K	$21K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1165	−0.175%	$580K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1168	+0.111%	$84K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1166	−0.094%	$7K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1166	−0.111%	$588K	$108K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0442% / S −0.0239%	1h	0.1167	+0.027%	$43K	—	50x	as long as short
Hyperliquid CC	+0.0819%	1h	0.1170	+0.249%	$5.5M	$1.3M	3x	as long as short
Lighter CC	+0.1616%	1h	0.1172	+0.446%	$234K	$160K	5x	as long as short