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 BingX+0.057%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$710.708% of the position

Long on BingX Short on MEXC

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+0.010%+$1 · spread now +0.057%, 7d avg +0.088%

Together, before fees+0.009%+$1 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 0.031% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.07032	0.0100	pay 0.0050% / 4h	2h 35m	—	$2.7M	—
Short	MEXC H_USDT	0.07036	0.0100	get 0.0050% / 4h	2h 35m	$6.4M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.088%: −$3.12
Slippage, 4 orders: −$56.84
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$73.96
Costs to cover: 0.708%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; MEXC: 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 BingX live order book, 4 min ago	3.53 bp	15.1 bp −$15	90.4 bp −$904	1062.3 bp −$106.2K	1380.1 bp −$690.1K
Sell MEXC live order book, 2 min ago	4.26 bp	20.0 bp −$20	66.9 bp −$669	126.6 bp −$12.7K	doesn't fit

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	−11.121%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07031	−0.016%	$118K	$46K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07037	+0.065%	$15.2M	$10.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07026	−0.078%	$7.7M	$4.3M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07043	+0.156%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07028	−0.057%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.07036	+0.057%	$6.4M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.07036	+0.057%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07028	−0.057%	$1.7M	$444K	4x	as long as short
BingX H-USDTlong	+0.0100%	4h	0.07032	long leg	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.07064	+0.456%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07075	+0.613%	$1.2M	$478K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07040	+0.116%	$12K	$107K	5x	as long as short
BloFin H-USDT	+0.0156%	4h	0.07040	+0.114%	$596K	$112K	25x	as long as short