Funding arb · Price arb /

H

all H markets

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 Bybit−0.043%7-day average +0.275% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.325%+$33 · spread now −0.043%, 7d avg +0.275%

Together, before fees+0.588%+$59 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 0.318% cheaper against Bybit than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.275%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.06916	0.0100	pay 0.0050% / 4h	1h 10m	$7.6M	$4.6M	13x
Short	MEXC H_USDT	0.06913	0.0100	get 0.0050% / 4h	1h 10m	$6.2M	$1.1M	20x

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 −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.275%: −$31.84
Slippage, 4 orders: −$91.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$138.08
Costs to cover: 1.062%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	5.08 bp	42.5 bp −$42	226.9 bp −$2,269	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.45 bp	14.2 bp −$14	58.5 bp −$585	121.2 bp −$12.1K	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	−9.630%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0058%	4h	0.06909	−0.101%	$585K	$115K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06915	−0.018%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06921	+0.069%	$14.9M	$10.5M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06916	long leg	$7.6M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06930	+0.202%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06905	−0.159%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06913	−0.043%	$6.2M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06904	−0.174%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06907	−0.130%	$1.7M	$449K	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	0.06918	+0.029%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06892	−0.353%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06908	−0.109%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06910	−0.080%	$11K	$107K	5x	as long as short