Funding arb · Price arb /

HOLO

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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+0.092%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.092%, 7d avg +0.054%

Together, before fees−0.058%−$6 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 0.038% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HOLO_USDT	0.06538	0.0100	pay 0.0050% / 4h	7m 05s	$573K	$184K	50x
Short	Bitget HOLOUSDT	0.06544	0.0100	get 0.0050% / 4h	7m 05s	$579K	$196K	20x

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 +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.054%: $3.82
Slippage, 4 orders: −$56.4
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.57
Costs to cover: 0.724%
Break-even: never at this rate

Slippage from MEXC: live order book, 63 min ago; Bitget: 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, 63 min ago	0.77 bp	9.5 bp −$9	50.5 bp −$505	312.4 bp −$31.2K	doesn't fit
Sell Bitget live order book, 3 min ago	9.94 bp	28.0 bp −$28	97.3 bp −$973	doesn't fit	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	−0.0352%	4h	0.06528	−0.153%	$213K	$116K	30x	as long as short
Aster HOLOUSDT	+0.0100%	4h	0.06543	+0.075%	$15K	$5K	5x	as long as short
Binance HOLOUSDT	+0.0100%	4h	0.06538	+0.002%	$2.5M	$2.2M	50x	as long as short
Bybit HOLOUSDT	+0.0100%	4h	0.06538	0.000%	$1.5M	$650K	25x	as long as short
Gate HOLO_USDT	+0.0100%	4h	0.06538	0.000%	$244K	$52K	50x	as long as short
MEXC HOLO_USDTlong	+0.0100%	4h	0.06538	long leg	$573K	$184K	50x
Bitget HOLOUSDTshort	+0.0100%	4h	0.06544	+0.092%	$579K	$196K	20x
BingX HOLO-USDT	+0.0100%	4h	0.06540	+0.031%	—	$6.6M	—	as long as short
Variational Omni HOLO	+0.0100%	4h	0.06525	−0.198%	$4K	$491	—	as long as short
BloFin HOLO-USDT	+0.0157%	4h	0.06546	+0.122%	$164K	$19K	50x	as long as short