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: BingX against MEXC−0.077%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

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

costs, in and out, $10k−$930.933% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.077%, 7d avg +0.032%

Together, before fees+0.196%+$20 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 0.109% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HOLO_USDT	0.06506	0.0100	pay 0.0050% / 4h	2h 49m	$571K	$182K	50x
Short	BingX HOLO-USDT	0.06501	0.0100	get 0.0050% / 4h	2h 49m	—	$6.6M	—

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 −0.077%Rate

Funding earned: $0
Price spread: −0.077% → +0.032%: −$10.91
Slippage, 4 orders: −$79.3
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$104.21
Costs to cover: 0.933%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; BingX: 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, 10 min ago	3.06 bp	12.1 bp −$12	83.1 bp −$831	284.6 bp −$28.5K	584.3 bp −$292.1K
Sell BingX live order book, 2 min ago	6.17 bp	31.8 bp −$32	85.0 bp −$850	874.0 bp −$87.4K	1262.1 bp −$631.1K

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	−0.0734%	4h	0.06494	−0.184%	$180K	$125K	30x	as long as short
Aster HOLOUSDT	+0.0100%	4h	0.06494	−0.185%	$15K	$5K	5x	as long as short
Binance HOLOUSDT	+0.0100%	4h	0.06508	+0.031%	$2.5M	$2.3M	50x	as long as short
Bybit HOLOUSDT	+0.0100%	4h	0.06501	−0.077%	$1.5M	$659K	25x	as long as short
Gate HOLO_USDT	+0.0100%	4h	0.06499	−0.108%	$236K	$68K	50x	as long as short
MEXC HOLO_USDTlong	+0.0100%	4h	0.06506	long leg	$571K	$182K	50x
Bitget HOLOUSDT	+0.0100%	4h	0.06512	+0.092%	$573K	$216K	20x	as long as short
BingX HOLO-USDTshort	+0.0100%	4h	0.06501	−0.077%	—	$6.6M	—
Variational Omni HOLO	+0.0100%	4h	0.06482	−0.361%	$4K	$491	—	as long as short
BloFin HOLO-USDT	+0.0150%	4h	0.06487	−0.292%	$163K	$25K	50x	as long as short