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 Bitget−0.034%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1401.401% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.100%+$10 on $10k
Price spread, last 4 days (all we have)−0.145%−$15 · spread now −0.034%, 7d avg −0.002%
Together, before fees−0.045%−$5 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 0.031% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHWUSDT0.29790.0100pay 0.0050% / 4h1h 44m$161K$226K50x
ShortMEXC ETHW_USDT0.29780.0100get 0.0050% / 4h1h 44m$1.0M$912K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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% → −0.002%
−$3.15
Slippage, 4 orders
−$124.12
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$143.27
Costs to cover
1.401%
Break-even
never at this rate
Slippage from Bitget: live order book, 31 min ago; MEXC: live order book, 42 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 Bitget live order book, 31 min ago11.79 bp45.0 bp −$45379.8 bp −$3,798doesn't fitdoesn't fit
Sell MEXC live order book, 42 min ago1.68 bp27.0 bp −$2797.8 bp −$978136.2 bp −$13.6Kdoesn'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 ETHWUSDT+0.0100%4h0.29790.000%$1.3M$5.5M50xas long as short
OKX ETHW-USDT-SWAP+0.0100%4h0.2975−0.134%$863K$4.5M10xas long as short
Gate ETHW_USDT+0.0100%4h0.29790.000%$226K$280K20xas long as short
MEXC ETHW_USDTshort+0.0100%4h0.2978−0.034%$1.0M$912K100x
Bitget ETHWUSDTlong+0.0100%4h0.2979long leg$161K$226K50x