Funding arb · Price arb /

FORM

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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+0.405%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.313%−$31 · spread now +0.405%, 7d avg −0.047%

Together, before fees−0.312%−$31 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 0.452% dearer against MEXC than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FORM_USDT	0.3208	0.0100	pay 0.0050% / 4h	3h 32m	$1.2M	$9.6M	100x
Short	Bitget FORMUSDT	0.3221	0.0100	get 0.0050% / 4h	3h 32m	$993K	$10.3M	50x

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 +0.405%Rate

Funding earned: $0
Price spread: +0.405% → −0.047%: $45.2
Slippage, 4 orders: −$75.11
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.91
Costs to cover: 0.911%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 1 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, 5 min ago	1.58 bp	8.0 bp −$8	44.2 bp −$442	284.2 bp −$28.4K	doesn't fit
Sell Bitget live order book, 1 min ago	7.85 bp	38.3 bp −$38	192.5 bp −$1,925	doesn't fit	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	0.3183	−0.775%	—	—	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3215	+0.204%	$41K	$1.0M	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3212	+0.125%	$15.9M	$168.4M	50x	as long as short
Bybit FORMUSDT	+0.0100%	4h	0.3212	+0.125%	$1.8M	$14.3M	20x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3203	−0.156%	$691K	$5.2M	50x	as long as short
MEXC FORM_USDTlong	+0.0100%	4h	0.3208	long leg	$1.2M	$9.6M	100x
KuCoin FORMUSDTM	+0.0100%	4h	0.3203	−0.156%	$189K	$1.6M	30x	as long as short
Bitget FORMUSDTshort	+0.0100%	4h	0.3221	+0.405%	$993K	$10.3M	50x
BingX FORM-USDT	+0.0100%	4h	0.3202	−0.187%	—	$3.9M	—	as long as short
BloFin FORM-USDT	+0.0124%	4h	0.3183	−0.779%	$898K	$403K	50x	as long as short