Funding arb · Price arb /

H

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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: BingX against MEXC−0.029%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on MEXC Short on BingX

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−0.077%−$8 · spread now −0.029%, 7d avg −0.088%

Together, before fees−0.077%−$8 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: BingX is 0.059% dearer against MEXC than usual: you sell high and buy low, +$6 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	MEXC H_USDT	0.06897	0.0100	pay 0.0050% / 4h	3h 14m	$6.2M	$1.1M	20x
Short	BingX H-USDT	0.06895	0.0100	get 0.0050% / 4h	3h 14m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.088%: $5.93
Slippage, 4 orders: −$45.65
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$53.72
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 5 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 MEXC live order book, 3 min ago	1.44 bp	9.8 bp −$10	61.5 bp −$615	129.9 bp −$13.0K	doesn't fit
Sell BingX live order book, 5 min ago	0.72 bp	18.4 bp −$18	97.1 bp −$971	doesn't fit	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	−9.381%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06918	+0.303%	$114K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06901	+0.058%	$14.8M	$10.8M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06894	−0.043%	$7.5M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06906	+0.130%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06894	−0.043%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06897	long leg	$6.2M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06903	+0.087%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06874	−0.333%	$1.7M	$451K	4x	as long as short
BingX H-USDTshort	+0.0100%	4h	0.06895	−0.029%	—	$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	0.06926	+0.427%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06946	+0.709%	$1.2M	$436K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06897	+0.007%	$9K	$103K	5x	as long as short
BloFin H-USDT	+0.0116%	4h	0.06917	+0.290%	$598K	$114K	25x	as long as short