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: Bitget against MEXC−0.014%7-day average −0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2452.450% of the position

Long on MEXC Short on Bitget

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−0.055%−$5 · spread now −0.014%, 7d avg −0.176%

Together, before fees−0.317%−$32 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: Bitget is 0.162% dearer against MEXC than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.176%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.07070	0.0100	pay 0.0050% / 4h	2h 50m	$6.4M	$1.1M	20x
Short	Bitget HUSDT	0.07069	0.0100	get 0.0050% / 4h	2h 50m	$1.7M	$445K	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.176%: $16.22
Slippage, 4 orders: −$229.05
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$228.83
Costs to cover: 2.450%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: 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 MEXC live order book, 2 min ago	0.70 bp	9.7 bp −$10	55.8 bp −$558	113.1 bp −$11.3K	doesn't fit
Sell Bitget live order book, 2 min ago	5.63 bp	109.9 bp −$110	577.5 bp −$5,775	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	−11.598%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0065%	4h	0.07109	+0.552%	$601K	$114K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.07078	+0.112%	$119K	$46K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07069	−0.012%	$15.3M	$10.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07057	−0.184%	$7.8M	$4.3M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07070	0.000%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07066	−0.057%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.07070	long leg	$6.4M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.07074	+0.057%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.07069	−0.014%	$1.7M	$445K	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	0.07064	−0.085%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07094	+0.333%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07146	+1.077%	$1.2M	$491K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07074	+0.060%	$12K	$107K	5x	as long as short