Funding arb · Price arb /

IN

all IN markets

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+0.058%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1031.033% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.058%, 7d avg +0.100%

Together, before fees+0.003%$0 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 0.043% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IN_USDT	0.03471	0.0100	pay 0.0050% / 4h	29m 46s	$271K	$95K	20x
Short	Bitget INUSDT	0.03473	0.0100	get 0.0050% / 4h	29m 46s	$819K	$131K	25x

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 +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.100%: −$4.28
Slippage, 4 orders: −$83.31
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$107.59
Costs to cover: 1.033%
Break-even: never at this rate

Slippage from MEXC: live order book, 30 min ago; Bitget: live order book, 46 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, 30 min ago	2.88 bp	11.6 bp −$12	74.7 bp −$747	153.4 bp −$15.3K	doesn't fit
Sell Bitget live order book, 46 min ago	4.34 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit

IN on 9 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
Aster INUSDT	+0.0100%	4h	0.03469	−0.050%	$125K	$21K	5x	as long as short
Binance INUSDT	+0.0100%	4h	0.03471	−0.001%	$1.9M	$1.0M	25x	as long as short
Bybit INUSDT	+0.0100%	4h	0.03472	+0.029%	$744K	$133K	20x	as long as short
Gate IN_USDT	+0.0100%	4h	0.03474	+0.086%	$226K	$103K	50x	as long as short
MEXC IN_USDTlong	+0.0100%	4h	0.03471	long leg	$271K	$95K	20x
KuCoin INUSDTM	+0.0100%	4h	0.03479	+0.230%	$277K	$48K	30x	as long as short
Bitget INUSDTshort	+0.0100%	4h	0.03473	+0.058%	$819K	$131K	25x
BingX IN-USDT	+0.0100%	4h	0.03472	+0.029%	—	$2.3M	—	as long as short
Variational Omni IN	+0.0100%	4h	0.03475	+0.104%	$1K	$7	—	as long as short