Settings8H · net · $10k
Funding arb · Price arb /

CFG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC−0.075%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1421.418% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.156%−$16 on $10k
Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.075%, 7d avg +0.004%
Together, before fees−0.101%−$10 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 0.079% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC CFG_USDT0.13320.0100pay 0.0050% / 4h2h 18m$364K$148K20x
ShortBybit CFGUSDT0.13310.0100get 0.0050% / 4h2h 18m$1.9M$2.1M25x

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

Funding earned
$0
Price spread: −0.075% → +0.004%
−$7.95
Slippage, 4 orders
−$122.85
Fee MEXC: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$149.8
Costs to cover
1.418%
Break-even
never at this rate
Slippage from MEXC: live order book, 12 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
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 12 min ago3.80 bp11.8 bp −$1255.9 bp −$559633.9 bp −$63.4Kdoesn't fit
Sell Bybit live order book, 3 min ago7.54 bp56.0 bp −$56206.5 bp −$2,065doesn't fitdoesn't fit

CFG on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_CFGUSD−0.2004%1h0.1325−0.493%$11K$5K10xas long as short
BloFin CFG-USDT+0.0064%4h0.1329−0.225%$176K$34K50xas long as short
Aster CFGUSDT+0.0100%4h0.1333+0.062%$7K$41K10xas long as short
Binance CFGUSDT+0.0100%4h0.1331−0.063%$2.7M$7.9M50xas long as short
Bybit CFGUSDTshort+0.0100%4h0.1331−0.075%$1.9M$2.1M25x
Gate CFG_USDT+0.0100%4h0.1334+0.150%$525K$344K20xas long as short
MEXC CFG_USDTlong+0.0100%4h0.1332long leg$364K$148K20x
KuCoin CFGUSDTM+0.0100%4h0.1331−0.075%$338K$149K20xas long as short
Bitget CFGUSDT+0.0100%4h0.1333+0.045%$929K$874K20xas long as short
BingX CFG-USDT+0.0100%4h0.1331−0.075%$1.7Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX CFG-USDT+0.0100%4h0.13320.000%$2K$1.1M20xas long as short
Extended CFG-USD+0.0104%1h0.1332+0.022%$28K$221K5xas long as short