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: Binance against MEXC+0.083%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on MEXC Short on Binance

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)+0.038%+$4 · spread now +0.083%, 7d avg +0.022%

Together, before fees+0.038%+$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: Binance is 0.061% dearer against MEXC than usual: you sell high and buy low, +$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	MEXC FORM_USDT	0.3612	0.0100	pay 0.0050% / 4h	3h 41m	$1.5M	$8.7M	100x
Short	Binance FORMUSDT	0.3615	0.0100	get 0.0050% / 4h	3h 41m	$19.3M	$145.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.022%: $6.07
Slippage, 4 orders: −$42.66
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$50.6
Costs to cover: 0.567%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago	2.77 bp	7.2 bp −$7	39.3 bp −$393	260.1 bp −$26.0K	doesn't fit
Sell Binance live order book, 2 min ago	1.39 bp	20.4 bp −$20	91.3 bp −$913	472.3 bp −$47.2K	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	0.3615	+0.072%	—	—	—	as long as short
BloFin FORM-USDT	+0.0046%	4h	0.3606	−0.166%	$1.0M	$371K	50x	as long as short
BingX FORM-USDT	+0.0070%	4h	0.3611	−0.028%	—	$3.6M	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3613	+0.027%	$50K	$741K	5x	as long as short
Binance FORMUSDTshort	+0.0100%	4h	0.3615	+0.083%	$19.3M	$145.1M	50x
Bybit FORMUSDT	+0.0100%	4h	0.3617	+0.144%	$2.4M	$12.2M	20x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3609	−0.083%	$779K	$4.2M	50x	as long as short
MEXC FORM_USDTlong	+0.0100%	4h	0.3612	long leg	$1.5M	$8.7M	100x
KuCoin FORMUSDTM	+0.0100%	4h	0.3614	+0.055%	$357K	$1.0M	30x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3610	−0.055%	$1.2M	$8.4M	50x	as long as short