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: Bybit against MEXC+0.084%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$248as in the Price arb table

costs, in and out, $10k−$2512.513% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.084%, 7d avg +0.051%

Together, before fees+0.013%+$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: Bybit is 0.033% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FIDA_USDT	0.02151	0.0100	pay 0.0050% / 4h	2h 08m	$735K	$189K	20x
Short	Bybit FIDAUSDT	0.02153	0.0100	get 0.0050% / 4h	2h 08m	$459K	$212K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.051%: $3.29
Slippage, 4 orders: −$236.27
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$247.98
Costs to cover: 2.513%
Break-even: never at this rate

Slippage from MEXC: live order book, 52 min ago; Bybit: live order book, 51 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, 52 min ago	2.34 bp	6.2 bp −$6	31.2 bp −$312	168.5 bp −$16.9K	387.5 bp −$193.8K
Sell Bybit live order book, 51 min ago	2.34 bp	105.7 bp −$106	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	0.02153	+0.070%	$9K	$6K	5x	as long as short
Binance FIDAUSDT	+0.0100%	4h	0.02153	+0.072%	$1.4M	$2.5M	25x	as long as short
Bybit FIDAUSDTshort	+0.0100%	4h	0.02153	+0.084%	$459K	$212K	20x
MEXC FIDA_USDTlong	+0.0100%	4h	0.02151	long leg	$735K	$189K	20x
Bitget FIDAUSDT	+0.0100%	4h	0.02156	+0.242%	$530K	$350K	25x	as long as short
BingX FIDA-USDT	+0.0100%	4h	0.02151	0.000%	—	$1.3M	—	as long as short
Variational Omni FIDA	+0.0100%	4h	0.02156	+0.215%	$3K	$401	—	as long as short
Extended FIDA-USD	+0.0104%	1h	0.02151	−0.006%	$3K	$98K	5x	as long as short
Gate FIDA_USDT	+0.0228%	4h	0.02153	+0.093%	$45K	$36K	10x	as long as short