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 Bitget−0.014%7-day average +0.179% · you buy dearer than you sell

Net, funding: paid 7d − costs−$406as in the Funding arb table

Net, price: spread back to 7d avg − costs−$452as in the Price arb table

costs, in and out, $10k−$4334.327% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.262%+$26 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.014%, 7d avg +0.179%

Together, before fees+0.392%+$39 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 0.194% cheaper against Bitget than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06992	0.0100	pay 0.0050% / 4h	29m 27s	$1.7M	$451K	4x
Short	MEXC H_USDT	0.06991	0.0100	get 0.0050% / 4h	29m 27s	$6.3M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.179%: −$19.36
Slippage, 4 orders: −$416.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$452.05
Costs to cover: 4.327%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 3 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 Bitget live order book, 2 min ago	17.93 bp	221.8 bp −$222	631.5 bp −$6,315	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.14 bp	20.5 bp −$21	61.3 bp −$613	112.9 bp −$11.3K	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	−10.612%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0046%	4h	0.07001	+0.129%	$592K	$117K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06994	+0.022%	$116K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06994	+0.026%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06984	−0.114%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06999	+0.100%	$1.7M	$5.9M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06979	−0.186%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06991	−0.014%	$6.3M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06987	−0.072%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06992	long leg	$1.7M	$451K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06983	−0.129%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06976	−0.226%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06991	−0.014%	$1.2M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06990	−0.028%	$11K	$107K	5x	as long as short