Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.058%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

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

costs, in and out, $10k−$730.730% 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 7 days−0.050%−$5 · spread now +0.058%, 7d avg −0.003%

Together, before fees−0.049%−$5 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 0.061% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.06917	0.0100	pay 0.0050% / 4h	1h 21m	$14.9M	$10.6M	10x
Short	MEXC H_USDT	0.06921	0.0100	get 0.0050% / 4h	1h 21m	$6.2M	$1.1M	20x

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 +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.003%: $6.08
Slippage, 4 orders: −$58.97
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$66.89
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; MEXC: 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 Binance live order book, 4 min ago	2.17 bp	16.0 bp −$16	235.6 bp −$2,356	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.72 bp	14.7 bp −$15	59.5 bp −$595	119.1 bp −$11.9K	488.3 bp −$244.1K

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.643%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0089%	4h	0.06923	+0.087%	$586K	$115K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06919	+0.026%	$114K	$53K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.06917	long leg	$14.9M	$10.6M	10x
Bybit HUSDT	+0.0100%	4h	0.06911	−0.085%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06920	+0.043%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06915	−0.029%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06921	+0.058%	$6.2M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06913	−0.058%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06918	+0.015%	$1.7M	$455K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06928	+0.159%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06904	−0.193%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06915	−0.028%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06919	+0.035%	$11K	$107K	5x	as long as short