Funding arb · Price arb /

FIDA

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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 MEXC−0.019%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$700.696% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.019%, 7d avg +0.033%

Together, before fees+0.026%+$3 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 0.052% cheaper against MEXC than usual: you would sell low and buy high, −$5 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 FIDA_USDT	0.02162	0.0100	pay 0.0050% / 4h	3h 43m	$740K	$184K	20x
Short	Bitget FIDAUSDT	0.02162	0.0100	get 0.0050% / 4h	3h 43m	$539K	$337K	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 −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.033%: −$5.19
Slippage, 4 orders: −$53.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$74.83
Costs to cover: 0.696%
Break-even: never at this rate

Slippage from MEXC: live order book, 22 min ago; Bitget: live order book, 27 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, 22 min ago	2.32 bp	5.3 bp −$5	27.6 bp −$276	154.1 bp −$15.4K	329.5 bp −$164.7K
Sell Bitget live order book, 27 min ago	8.59 bp	27.6 bp −$28	doesn't fit	doesn't fit	doesn't fit

FIDA 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 FIDAUSDT	+0.0100%	4h	0.02159	−0.152%	$8K	$7K	5x	as long as short
Binance FIDAUSDT	+0.0100%	4h	0.02162	0.000%	$1.4M	$2.5M	25x	as long as short
Bybit FIDAUSDT	+0.0100%	4h	0.02162	−0.019%	$461K	$206K	20x	as long as short
MEXC FIDA_USDTlong	+0.0100%	4h	0.02162	long leg	$740K	$184K	20x
Bitget FIDAUSDTshort	+0.0100%	4h	0.02162	−0.019%	$539K	$337K	25x
BingX FIDA-USDT	+0.0100%	4h	0.02162	0.000%	—	$1.3M	—	as long as short
Variational Omni FIDA	+0.0100%	4h	0.02158	−0.200%	$3K	$401	—	as long as short
Extended FIDA-USD	+0.0104%	1h	0.02161	−0.069%	$3K	$161K	5x	as long as short
Gate FIDA_USDT	+0.1100%	4h	0.02160	−0.093%	$44K	$35K	10x	as long as short