Funding arb · Price arb /

CYS

all CYS markets

Swap Backtest

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 +0.045%

Price spread now: MEXC against Bitget−0.056%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

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

costs, in and out, $10k−$860.859% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.056%, 7d avg −0.034%

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: MEXC is 0.022% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CYSUSDT	0.1612	0.0100	pay 0.0050% / 4h	3h 12m	$1.7M	$715K	25x
Short	MEXC CYS_USDT	0.1611	0.0100	get 0.0050% / 4h	3h 12m	$1.5M	$234K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.034%: −$2.21
Slippage, 4 orders: −$73.88
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$88.09
Costs to cover: 0.859%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 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 Bitget live order book, 4 min ago	5.87 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.10 bp	17.9 bp −$18	94.6 bp −$946	302.3 bp −$30.2K	doesn't fit

CYS on 10 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
Aster CYSUSDT	+0.0100%	4h	0.1611	−0.041%	$257K	$87K	10x	as long as short
Binance CYSUSDT	+0.0100%	4h	0.1612	+0.002%	$4.3M	$4.8M	20x	as long as short
MEXC CYS_USDTshort	+0.0100%	4h	0.1611	−0.056%	$1.5M	$234K	50x
KuCoin CYSUSDTM	+0.0100%	4h	0.1614	+0.130%	$1.3M	$139K	20x	as long as short
Bitget CYSUSDTlong	+0.0100%	4h	0.1612	long leg	$1.7M	$715K	25x
edgeX CYSUSDC	+0.0118%	4h	0.1620	+0.490%	$7K	$110K	10x	as long as short
Bybit CYSUSDT	+0.0182%	4h	0.1613	+0.068%	$1.5M	$1.1M	13x	as long as short
Variational Omni CYS	+0.0188%	4h	0.1614	+0.113%	$34K	$13K	—	as long as short
BingX CYS-USDT	+0.0434%	4h	0.1613	+0.068%	—	$1.3M	—	as long as short
Gate CYS_USDT	+0.1012%	4h	0.1615	+0.192%	$631K	$118K	20x	as long as short