Funding arb · Price arb /

ERA

all ERA 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+0.060%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$750.752% 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 4 days (all we have)+0.007%+$1 · spread now +0.060%, 7d avg +0.010%

Together, before fees+0.006%+$1 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 0.050% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ERA_USDT	0.06719	0.0100	pay 0.0050% / 4h	2h 38m	$525K	$151K	20x
Short	Binance ERAUSDT	0.06723	0.0100	get 0.0050% / 4h	2h 38m	$2.0M	$3.9M	25x

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 +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.010%: $4.99
Slippage, 4 orders: −$61.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.23
Costs to cover: 0.752%
Break-even: never at this rate

Slippage from MEXC: live order book, 58 min ago; Binance: live order book, 13 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, 58 min ago	5.17 bp	15.2 bp −$15	61.4 bp −$614	724.4 bp −$72.4K	doesn't fit
Sell Binance live order book, 13 min ago	2.22 bp	23.4 bp −$23	208.8 bp −$2,088	doesn't fit	doesn't fit

ERA 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
Aster ERAUSDT	+0.0100%	4h	0.06719	+0.005%	$5K	$12K	5x	as long as short
Binance ERAUSDTshort	+0.0100%	4h	0.06723	+0.060%	$2.0M	$3.9M	25x
Bybit ERAUSDT	+0.0100%	4h	0.06723	+0.060%	$776K	$743K	25x	as long as short
Gate ERA_USDT	+0.0100%	4h	0.06716	−0.045%	$151K	$654K	25x	as long as short
MEXC ERA_USDTlong	+0.0100%	4h	0.06719	long leg	$525K	$151K	20x
KuCoin ERAUSDTM	+0.0100%	4h	0.06717	−0.030%	$134K	$63K	25x	as long as short
Bitget ERAUSDT	+0.0100%	4h	0.06729	+0.149%	$808K	$220K	25x	as long as short
BingX ERA-USDT	+0.0100%	4h	0.06719	0.000%	—	$6.5M	—	as long as short
Variational Omni ERA	+0.0100%	4h	0.06738	+0.290%	$10K	$594	—	as long as short