Settings8H · net · $10k
Funding arb · Price arb /

ETHW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.034%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1211.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.714%+$71 · spread now +0.034%, 7d avg +0.006%
Together, before fees+0.713%+$71 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 0.028% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHWUSDT0.29770.0100pay 0.0050% / 4h2h 36m$1.3M$5.5M50x
ShortMEXC ETHW_USDT0.29780.0100get 0.0050% / 4h2h 36m$1.0M$904K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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

Funding earned
$0
Price spread: +0.034% → +0.006%
$2.78
Slippage, 4 orders
−$106.97
Fee Binance: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$118.19
Costs to cover
1.210%
Break-even
never at this rate
Slippage from Binance: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago3.36 bp37.5 bp −$37256.2 bp −$2,562doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago3.37 bp20.0 bp −$2083.6 bp −$836136.6 bp −$13.7Kdoesn't fit

ETHW on 5 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ETHWUSDTlong+0.0100%4h0.2977long leg$1.3M$5.5M50x
OKX ETHW-USDT-SWAP+0.0100%4h0.2974−0.101%$867K$4.4M10xas long as short
Gate ETHW_USDT+0.0100%4h0.2973−0.134%$226K$280K20xas long as short
MEXC ETHW_USDTshort+0.0100%4h0.2978+0.034%$1.0M$904K100x
Bitget ETHWUSDT+0.0100%4h0.2980+0.101%$162K$225K50xas long as short