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

CROSS

all CROSS markets
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: MEXC against BingX0.000%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1341.341% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.025%−$2 on $10k
Price spread, last 7 days+0.051%+$5 · spread now 0.000%, 7d avg +0.032%
Together, before fees+0.026%+$3 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 0.032% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CROSS-USDT0.15240.0100pay 0.0050% / 4h2h 40m$1.3M
ShortMEXC CROSS_USDT0.15240.0100get 0.0050% / 4h2h 40m$319K$141K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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: 0.000% → +0.032%
−$3.19
Slippage, 4 orders
−$120.14
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$137.34
Costs to cover
1.341%
Break-even
never at this rate
Slippage from BingX: live order book, 1 min ago; MEXC: live order book, 55 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 BingX live order book, 1 min ago5.24 bp44.6 bp −$45127.3 bp −$1,2731087.8 bp −$108.8K1362.1 bp −$681.1K
Sell MEXC live order book, 55 min ago0.66 bp38.8 bp −$3976.9 bp −$769239.7 bp −$24.0Kdoesn't fit

CROSS on 8 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 CROSSUSDT+0.0100%4h0.1524+0.021%$1.6M$2.6M40xas long as short
Bybit CROSSUSDT+0.0100%4h0.1524+0.039%$690K$518K20xas long as short
Gate CROSS_USDT+0.0100%4h0.1524+0.046%$188K$37K20xas long as short
MEXC CROSS_USDTshort+0.0100%4h0.15240.000%$319K$141K100x
KuCoin CROSSUSDTM+0.0100%4h0.1524+0.039%$275K$30K20xas long as short
Bitget CROSSUSDT+0.0100%4h0.1520−0.249%$1.3M$154K20xas long as short
BingX CROSS-USDTlong+0.0100%4h0.1524long leg$1.3M
Variational Omni CROSS+0.0100%4h0.1527+0.227%$702$1Kas long as short