Funding arb · Price arb /

HOLO

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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: MEXC against Bybit+0.121%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1621.620% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.205%−$20 · spread now +0.121%, 7d avg −0.012%

Together, before fees−0.183%−$18 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 0.133% dearer against Bybit than usual: you sell high and buy low, +$13 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	Bybit HOLOUSDT	0.06601	0.0100	pay 0.0050% / 4h	1h 13m	$1.6M	$673K	25x
Short	MEXC HOLO_USDT	0.06609	0.0100	get 0.0050% / 4h	1h 13m	$577K	$184K	50x

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 +0.121%Rate

Funding earned: $0
Price spread: +0.121% → −0.012%: $13.31
Slippage, 4 orders: −$146.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$148.64
Costs to cover: 1.620%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 41 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	7.59 bp	68.0 bp −$68	1584.3 bp −$15.8K	doesn't fit	doesn't fit
Sell MEXC live order book, 41 min ago	3.05 bp	18.0 bp −$18	97.2 bp −$972	331.7 bp −$33.2K	doesn't fit

HOLO on 10 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
KuCoin HOLOUSDTM	−0.0216%	4h	0.06590	−0.167%	$170K	$136K	30x	as long as short
Aster HOLOUSDT	+0.0100%	4h	0.06603	+0.023%	$15K	$5K	5x	as long as short
Binance HOLOUSDT	+0.0100%	4h	0.06607	+0.091%	$2.5M	$2.5M	50x	as long as short
Bybit HOLOUSDTlong	+0.0100%	4h	0.06601	long leg	$1.6M	$673K	25x
MEXC HOLO_USDTshort	+0.0100%	4h	0.06609	+0.121%	$577K	$184K	50x
Bitget HOLOUSDT	+0.0100%	4h	0.06607	+0.091%	$618K	$229K	20x	as long as short
BingX HOLO-USDT	+0.0100%	4h	0.06603	+0.030%	—	$6.6M	—	as long as short
Variational Omni HOLO	+0.0100%	4h	0.06600	−0.019%	$4K	$99	—	as long as short
BloFin HOLO-USDT	+0.0132%	4h	0.06601	0.000%	$164K	$26K	50x	as long as short
Gate HOLO_USDT	+0.0170%	4h	0.06601	0.000%	$240K	$79K	50x	as long as short