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: Bybit against MEXC−0.181%7-day average −0.276% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1131.134% of the position

Long on MEXC Short on Bybit

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−0.123%−$12 · spread now −0.181%, 7d avg −0.276%

Together, before fees−0.385%−$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: Bybit is 0.095% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.276%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.07053	0.0100	pay 0.0050% / 4h	2h 34m	$6.4M	$1.1M	20x
Short	Bybit HUSDT	0.07040	0.0100	get 0.0050% / 4h	2h 34m	$7.7M	$4.3M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.181%Rate

Funding earned: $0
Price spread: −0.181% → −0.276%: $9.49
Slippage, 4 orders: −$98.4
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$103.92
Costs to cover: 1.134%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: 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 MEXC live order book, 3 min ago	4.26 bp	13.8 bp −$14	61.2 bp −$612	121.1 bp −$12.1K	doesn't fit
Sell Bybit live order book, 3 min ago	1.42 bp	36.4 bp −$36	178.7 bp −$1,787	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	−11.385%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07041	−0.166%	$118K	$46K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07053	+0.004%	$15.2M	$10.2M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.07040	−0.181%	$7.7M	$4.3M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.07055	+0.028%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07041	−0.170%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.07053	long leg	$6.4M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.07053	0.000%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07045	−0.113%	$1.7M	$445K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.07046	−0.099%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.07029	−0.337%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07041	−0.171%	$1.2M	$478K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07052	−0.012%	$12K	$107K	5x	as long as short
BloFin H-USDT	+0.0147%	4h	0.07040	−0.184%	$599K	$112K	25x	as long as short