Funding arb · Price arb /

GAS

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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 Bybit−0.078%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$810.812% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.078%, 7d avg −0.053%

Together, before fees+0.028%+$3 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 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GASUSDT	1.4081	0.0100	pay 0.0050% / 4h	2h 23m	$842K	$306K	25x
Short	MEXC GAS_USDT	1.4070	0.0100	get 0.0050% / 4h	2h 23m	$878K	$135K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.053%: −$2.55
Slippage, 4 orders: −$66.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$83.73
Costs to cover: 0.812%
Break-even: never at this rate

Slippage from Bybit: live order book, 41 min ago; MEXC: live order book, 37 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 Bybit live order book, 41 min ago	1.76 bp	29.0 bp −$29	349.7 bp −$3,497	doesn't fit	doesn't fit
Sell MEXC live order book, 37 min ago	3.57 bp	11.9 bp −$12	33.3 bp −$333	196.9 bp −$19.7K	314.2 bp −$157.1K

GAS 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
Hyperliquid GAS	+0.0100%	1h	1.4081	−0.001%	$106K	$60K	3x	as long as short
Binance GASUSDT	+0.0100%	4h	1.4075	−0.043%	$1.5M	$1.7M	50x	as long as short
Bybit GASUSDTlong	+0.0100%	4h	1.4081	long leg	$842K	$306K	25x
OKX GAS-USDT-SWAP	+0.0100%	4h	1.4053	−0.199%	$382K	$276K	20x	as long as short
Gate GAS_USDT	+0.0100%	4h	1.4080	−0.007%	$110K	$71K	25x	as long as short
MEXC GAS_USDTshort	+0.0100%	4h	1.4070	−0.078%	$878K	$135K	50x
KuCoin GASUSDTM	+0.0100%	4h	1.4056	−0.178%	$183K	$15K	30x	as long as short
Bitget GASUSDT	+0.0100%	4h	1.4080	−0.007%	$396K	$296K	50x	as long as short
BingX GAS-USDT	+0.0100%	4h	1.4090	+0.064%	—	$2.3M	—	as long as short
Variational Omni GAS	+0.0100%	4h	1.4102	+0.150%	$5K	$2	—	as long as short