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: Bitget against MEXC+0.012%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1000.998% of the position

Long on MEXC Short on Bitget

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−0.045%−$5 · spread now +0.012%, 7d avg +0.033%

Together, before fees−0.085%−$8 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: Bitget is 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CYS_USDT	0.1627	0.0100	pay 0.0050% / 4h	2h 39m	$1.5M	$225K	50x
Short	Bitget CYSUSDT	0.1627	0.0100	get 0.0050% / 4h	2h 39m	$1.7M	$721K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.033%: −$2.06
Slippage, 4 orders: −$87.79
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$101.84
Costs to cover: 0.998%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago	3.09 bp	14.3 bp −$14	60.7 bp −$607	257.4 bp −$25.7K	doesn't fit
Sell Bitget live order book, 2 min ago	6.49 bp	30.6 bp −$31	166.5 bp −$1,665	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	0.1623	−0.260%	$258K	$88K	10x	as long as short
Binance CYSUSDT	+0.0100%	4h	0.1629	+0.123%	$4.3M	$4.8M	20x	as long as short
MEXC CYS_USDTlong	+0.0100%	4h	0.1627	long leg	$1.5M	$225K	50x
KuCoin CYSUSDTM	+0.0100%	4h	0.1621	−0.369%	$1.3M	$148K	20x	as long as short
Bitget CYSUSDTshort	+0.0100%	4h	0.1627	+0.012%	$1.7M	$721K	25x
Variational Omni CYS	+0.0100%	4h	0.1621	−0.384%	$34K	$13K	—	as long as short
edgeX CYSUSDC	+0.0119%	4h	0.1613	−0.881%	$7K	$110K	10x	as long as short
BingX CYS-USDT	+0.0200%	4h	0.1628	+0.061%	—	$1.3M	—	as long as short
Bybit CYSUSDT	+0.0393%	4h	0.1628	+0.061%	$1.5M	$1.1M	13x	as long as short
Gate CYS_USDT	+0.0916%	4h	0.1627	0.000%	$633K	$117K	20x	as long as short