Funding arb · Price arb /

CROSS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.053%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$317as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3263.261% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days+0.071%+$7 · spread now +0.053%, 7d avg +0.027%

Together, before fees+0.159%+$16 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 0.026% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CROSSUSDT	0.1515	0.0100	pay 0.0050% / 4h	3h 39m	$693K	$346K	20x
Short	MEXC CROSS_USDT	0.1515	0.0100	get 0.0050% / 4h	3h 39m	$344K	$136K	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 +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.027%: $2.57
Slippage, 4 orders: −$311.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$323.49
Costs to cover: 3.261%
Break-even: never at this rate

Slippage from Bybit: live order book, 56 min ago; MEXC: live order book, 41 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, 56 min ago	4.23 bp	146.0 bp −$146	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 41 min ago	5.26 bp	13.7 bp −$14	68.3 bp −$683	241.3 bp −$24.1K	doesn't fit

CROSS on 8 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
Binance CROSSUSDT	+0.0100%	4h	0.1515	+0.046%	$1.6M	$2.4M	40x	as long as short
Bybit CROSSUSDTlong	+0.0100%	4h	0.1515	long leg	$693K	$346K	20x
Gate CROSS_USDT	+0.0100%	4h	0.1516	+0.059%	$184K	$37K	20x	as long as short
MEXC CROSS_USDTshort	+0.0100%	4h	0.1515	+0.053%	$344K	$136K	100x
KuCoin CROSSUSDTM	+0.0100%	4h	0.1515	+0.033%	$273K	$27K	20x	as long as short
Bitget CROSSUSDT	+0.0100%	4h	0.1516	+0.066%	$1.3M	$119K	20x	as long as short
BingX CROSS-USDT	+0.0100%	4h	0.1516	+0.099%	—	$1.3M	—	as long as short
Variational Omni CROSS	+0.0100%	4h	0.1517	+0.155%	$698	$1K	—	as long as short