Funding arb · Price arb /

HAEDAL

all HAEDAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX+0.096%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1381.381% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.096%, 7d avg +0.012%

Together, before fees−0.050%−$5 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 0.084% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HAEDAL-USDT	0.02075	0.0100	pay 0.0050% / 4h	3h 50m	—	$1.3M	—
Short	MEXC HAEDAL_USDT	0.02077	0.0100	get 0.0050% / 4h	3h 50m	$150K	$198K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.012%: $8.43
Slippage, 4 orders: −$124.15
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$129.72
Costs to cover: 1.381%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; MEXC: live order book, 20 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 BingX live order book, 7 min ago	12.03 bp	42.0 bp −$42	293.0 bp −$2,930	910.2 bp −$91.0K	doesn't fit
Sell MEXC live order book, 20 min ago	4.82 bp	20.3 bp −$20	88.2 bp −$882	238.1 bp −$23.8K	494.1 bp −$247.0K

HAEDAL on 8 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
Binance HAEDALUSDT	+0.0100%	4h	0.02077	+0.096%	$1.5M	$1.9M	10x	as long as short
Bybit HAEDALUSDT	+0.0100%	4h	0.02076	+0.048%	$389K	$235K	13x	as long as short
Gate HAEDAL_USDT	+0.0100%	4h	0.02077	+0.096%	$77K	$45K	10x	as long as short
MEXC HAEDAL_USDTshort	+0.0100%	4h	0.02077	+0.096%	$150K	$198K	125x
KuCoin HAEDALUSDTM	+0.0100%	4h	0.02074	−0.048%	$117K	$51K	10x	as long as short
Bitget HAEDALUSDT	+0.0100%	4h	0.02077	+0.096%	$198K	$228K	10x	as long as short
BingX HAEDAL-USDTlong	+0.0100%	4h	0.02075	long leg	—	$1.3M	—
Variational Omni HAEDAL	+0.0100%	4h	0.02074	−0.065%	$359	$2K	—	as long as short