Funding arb · Price arb /

FORM

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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: MEXC against Binance−0.079%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on Binance Short on MEXC

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)−0.041%−$4 · spread now −0.079%, 7d avg −0.022%

Together, before fees−0.041%−$4 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 0.057% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FORMUSDT	0.3501	0.0100	pay 0.0050% / 4h	3h 18m	$18.6M	$146.9M	50x
Short	MEXC FORM_USDT	0.3498	0.0100	get 0.0050% / 4h	3h 18m	$1.5M	$8.8M	100x

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

Position, each leg$Hold fordaysFee BinancebpFee MEXCbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → −0.022%: −$5.7
Slippage, 4 orders: −$46.14
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$65.83
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; MEXC: live order book, 5 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 Binance live order book, 10 min ago	1.39 bp	18.5 bp −$19	83.0 bp −$830	448.5 bp −$44.9K	doesn't fit
Sell MEXC live order book, 5 min ago	2.84 bp	10.1 bp −$10	39.3 bp −$393	206.4 bp −$20.6K	doesn't fit

FORM on 10 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
gTrade (Gains Network) FORM/USD	L −0.0007% / S +0.0008%	1h	0.3491	−0.276%	—	—	—	as long as short
BingX FORM-USDT	+0.0070%	4h	0.3498	−0.079%	—	$3.6M	—	as long as short
BloFin FORM-USDT	+0.0078%	4h	0.3490	−0.308%	$1.0M	$361K	50x	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3496	−0.143%	$47K	$745K	5x	as long as short
Binance FORMUSDTlong	+0.0100%	4h	0.3501	long leg	$18.6M	$146.9M	50x
Bybit FORMUSDT	+0.0100%	4h	0.3502	+0.044%	$2.3M	$12.2M	20x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3493	−0.222%	$753K	$4.3M	50x	as long as short
MEXC FORM_USDTshort	+0.0100%	4h	0.3498	−0.079%	$1.5M	$8.8M	100x
KuCoin FORMUSDTM	+0.0100%	4h	0.3492	−0.250%	$318K	$1.0M	30x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3499	−0.051%	$1.2M	$8.6M	50x	as long as short