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

CLO

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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 +0.106%
Price spread now: Bybit against MEXC−0.205%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$489as in the Funding arb table
Net, price: spread back to 7d avg − costs−$544as in the Price arb table
costs, in and out, $10k−$5185.181% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.290%+$29 on $10k
Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.205%, 7d avg +0.058%
Together, before fees+0.409%+$41 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 0.263% cheaper against MEXC than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.058%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC CLO_USDT0.063500.0100pay 0.0050% / 4h1h 59m$535K$129K50x
ShortBybit CLOUSDT0.063370.0100get 0.0050% / 4h1h 59m$697K$642K20x

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: −0.205% → +0.058%
−$26.3
Slippage, 4 orders
−$503.14
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$544.43
Costs to cover
5.181%
Break-even
never at this rate
Slippage from MEXC: live order book, 41 min ago; Bybit: live order book, 46 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, 41 min ago15.46 bp25.3 bp −$25176.2 bp −$1,762510.6 bp −$51.1K925.5 bp −$462.8K
Sell Bybit live order book, 46 min ago6.65 bp203.7 bp −$2041259.1 bp −$12.6Kdoesn't fitdoesn't fit

CLO on 9 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
Binance CLOUSDT+0.0100%4h0.06360+0.157%$3.9M$3.9M10xas long as short
Bybit CLOUSDTshort+0.0100%4h0.06337−0.205%$697K$642K20x
MEXC CLO_USDTlong+0.0100%4h0.06350long leg$535K$129K50x
KuCoin CLOUSDTM+0.0100%4h0.06316−0.535%$989K$11.6M10xas long as short
BingX CLO-USDT+0.0100%4h0.06353+0.047%$1.4Mas long as short
SunX CLO-USDT+0.0100%4h0.06344−0.094%$2K$1.4M20xas long as short
BloFin CLO-USDT+0.0139%4h0.06352+0.031%$241K$77K10xas long as short
Gate CLO_USDT+0.0492%8h0.06351+0.016%$429K$679K20xas long as short
Aster CLOUSDT+0.0776%4h0.06355+0.079%$30K$52K5xas long as short