Funding arb · Price arb /

FLUID

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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: Bitget against MEXC+0.213%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.213%, 7d avg +0.103%

Together, before fees+0.099%+$10 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 0.110% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FLUID_USDT	1.4090	0.0100	pay 0.0050% / 4h	2h 41m	$1.2M	$111K	100x
Short	Bitget FLUIDUSDT	1.4120	0.0100	get 0.0050% / 4h	2h 41m	$248K	$179K	75x

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 +0.213%Rate

Funding earned: $0
Price spread: +0.213% → +0.103%: $10.99
Slippage, 4 orders: −$62.11
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$67.11
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 63 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, 3 min ago	3.55 bp	5.5 bp −$6	71.0 bp −$710	443.1 bp −$44.3K	doesn't fit
Sell Bitget live order book, 63 min ago	7.07 bp	30.5 bp −$30	146.6 bp −$1,466	doesn't fit	doesn't fit

FLUID 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
BloFin FLUID-USDT	+0.0097%	4h	1.4080	−0.071%	$69K	$3K	75x	as long as short
Binance FLUIDUSDT	+0.0100%	4h	1.4092	+0.011%	$1.1M	$1.5M	75x	as long as short
Bybit FLUIDUSDT	+0.0100%	4h	1.4072	−0.128%	$1.4M	$435K	25x	as long as short
Gate FLUID_USDT	+0.0100%	4h	1.4080	−0.071%	$94K	$66K	20x	as long as short
MEXC FLUID_USDTlong	+0.0100%	4h	1.4090	long leg	$1.2M	$111K	100x
KuCoin FLUIDUSDTM	+0.0100%	4h	1.4110	+0.142%	$205K	$157K	50x	as long as short
Bitget FLUIDUSDTshort	+0.0100%	4h	1.4120	+0.213%	$248K	$179K	75x
BingX FLUID-USDT	+0.0100%	4h	1.4090	0.000%	—	$2.3M	—	as long as short
Variational Omni FLUID	+0.0100%	4h	1.4089	−0.007%	$19K	$9K	—	as long as short