Funding arb · Price arb /

ILV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.185%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1591.586% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.185%, 7d avg −0.121%

Together, before fees+0.039%+$4 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 0.064% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ILVUSDT	3.7830	0.0100	pay 0.0050% / 4h	3h 09m	$538K	$330K	50x
Short	MEXC ILV_USDT	3.7760	0.0100	get 0.0050% / 4h	3h 09m	$750K	$168K	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 −0.185%Rate

Funding earned: $0
Price spread: −0.185% → −0.121%: −$6.42
Slippage, 4 orders: −$143.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$165.02
Costs to cover: 1.586%
Break-even: never at this rate

Slippage from Bybit: live order book, 35 min ago; MEXC: live order book, 36 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, 35 min ago	5.28 bp	72.3 bp −$72	224.2 bp −$2,242	doesn't fit	doesn't fit
Sell MEXC live order book, 36 min ago	1.32 bp	12.8 bp −$13	59.5 bp −$595	136.7 bp −$13.7K	doesn't fit

ILV 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
Injective ILV/USDC PERP	−0.2519%	1h	3.7670	−0.423%	$2K	$105	5.5x	as long as short
Binance ILVUSDT	+0.0100%	4h	3.7762	−0.179%	$1.5M	$1.8M	50x	as long as short
Bybit ILVUSDTlong	+0.0100%	4h	3.7830	long leg	$538K	$330K	50x
Gate ILV_USDT	+0.0100%	8h	3.7850	+0.053%	$58K	$62K	20x	as long as short
MEXC ILV_USDTshort	+0.0100%	4h	3.7760	−0.185%	$750K	$168K	50x
KuCoin ILVUSDTM	+0.0100%	4h	3.7870	+0.106%	$352K	$73K	30x	as long as short
Bitget ILVUSDT	+0.0100%	4h	3.7870	+0.106%	$136K	$162K	50x	as long as short
BingX ILV-USDT	+0.0100%	4h	3.7810	−0.053%	—	$6.5M	—	as long as short
Variational Omni ILV	+0.0100%	4h	3.7843	+0.034%	$7K	$5	—	as long as short
BloFin ILV-USDT	+0.0117%	4h	3.7810	−0.053%	$97K	$50K	50x	as long as short