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 0.000%

Price spread now: Binance against MEXC+0.123%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$940.945% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.123%, 7d avg +0.015%

Together, before fees−0.147%−$15 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: Binance is 0.108% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CYS_USDT	0.1631	0.0100	pay 0.0050% / 4h	2h 37m	$1.5M	$234K	50x
Short	Binance CYSUSDT	0.1633	0.0100	get 0.0050% / 4h	2h 37m	$4.3M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → +0.015%: $10.8
Slippage, 4 orders: −$84.46
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$83.66
Costs to cover: 0.945%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 15 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 MEXC live order book, 4 min ago	3.09 bp	14.3 bp −$14	60.7 bp −$607	257.4 bp −$25.7K	doesn't fit
Sell Binance live order book, 15 min ago	3.11 bp	33.0 bp −$33	144.8 bp −$1,448	doesn't fit	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	0.1631	+0.009%	$259K	$88K	10x	as long as short
Binance CYSUSDTshort	+0.0100%	4h	0.1633	+0.123%	$4.3M	$4.9M	20x
MEXC CYS_USDTlong	+0.0100%	4h	0.1631	long leg	$1.5M	$234K	50x
KuCoin CYSUSDTM	+0.0100%	4h	0.1630	−0.061%	$1.4M	$151K	20x	as long as short
Bitget CYSUSDT	+0.0100%	4h	0.1630	−0.043%	$1.8M	$724K	25x	as long as short
Variational Omni CYS	+0.0100%	4h	0.1621	−0.629%	$34K	$13K	—	as long as short
edgeX CYSUSDC	+0.0119%	4h	0.1613	−1.124%	$7K	$110K	10x	as long as short
BingX CYS-USDT	+0.0291%	4h	0.1634	+0.184%	—	$1.3M	—	as long as short
Bybit CYSUSDT	+0.0487%	4h	0.1633	+0.123%	$1.5M	$1.1M	13x	as long as short
Gate CYS_USDT	+0.1030%	4h	0.1636	+0.307%	$637K	$118K	20x	as long as short