Funding arb · Price arb /

DATA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC0.000%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$970.974% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now 0.000%, 7d avg +0.058%

Together, before fees+0.133%+$13 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 0.058% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DATA_USDT	0.2119	0.0100	pay 0.0050% / 4h	3h 44m	$97K	$253K	20x
Short	Bitget DATAUSDT	0.2119	0.0100	get 0.0050% / 4h	3h 44m	$542K	$117K	50x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.058%: −$5.75
Slippage, 4 orders: −$81.36
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$103.11
Costs to cover: 0.974%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; Bitget: live order book, 25 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, 10 min ago	2.39 bp	15.1 bp −$15	81.5 bp −$815	471.1 bp −$47.1K	doesn't fit
Sell Bitget live order book, 25 min ago	7.38 bp	39.2 bp −$39	128.5 bp −$1,285	doesn't fit	doesn't fit

DATA on 9 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
Gate DATA_USDT	−0.0296%	4h	0.2122	+0.142%	$92K	$19K	20x	as long as short
Bybit DATAUSDT	+0.0011%	4h	0.2120	+0.066%	$893K	$445K	20x	as long as short
Lighter DATA	+0.0096%	1h	0.2123	+0.189%	$42K	$122K	10x	as long as short
OKX DATA-USDT-SWAP	+0.0100%	4h	0.2118	−0.047%	$929K	$1.9M	20x	as long as short
MEXC DATA_USDTlong	+0.0100%	4h	0.2119	long leg	$97K	$253K	20x
KuCoin DATAUSDTM	+0.0100%	4h	0.2121	+0.109%	$167K	$997K	30x	as long as short
Bitget DATAUSDTshort	+0.0100%	4h	0.2119	0.000%	$542K	$117K	50x
Extended DATA-USD	+0.0104%	1h	0.2120	+0.057%	$935	—	5x	as long as short
BloFin DATA-USDT	+0.0117%	4h	0.2114	−0.236%	$82K	$5K	20x	as long as short