Funding arb · Price arb /

INIT

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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: MEXC against Bitget−0.012%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1141.138% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.012%, 7d avg +0.039%

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: MEXC is 0.051% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget INITUSDT	0.08149	0.0100	pay 0.0050% / 4h	1h 41m	$425K	$311K	25x
Short	MEXC INIT_USDT	0.08148	0.0100	get 0.0050% / 4h	1h 41m	$443K	$215K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.039%: −$5.08
Slippage, 4 orders: −$97.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$118.93
Costs to cover: 1.138%
Break-even: never at this rate

Slippage from Bitget: live order book, 34 min ago; MEXC: live order book, 33 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 Bitget live order book, 34 min ago	6.73 bp	40.8 bp −$41	218.5 bp −$2,185	doesn't fit	doesn't fit
Sell MEXC live order book, 33 min ago	2.45 bp	13.7 bp −$14	82.3 bp −$823	254.9 bp −$25.5K	doesn't fit

INIT on 13 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
Hyperliquid INIT	+0.0100%	1h	0.08151	+0.023%	$296K	$233K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08153	+0.055%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08152	+0.041%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08139	−0.123%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08157	+0.098%	$132K	$629K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08146	−0.037%	$83K	$56K	25x	as long as short
MEXC INIT_USDTshort	+0.0100%	4h	0.08148	−0.012%	$443K	$215K	20x
KuCoin INITUSDTM	+0.0100%	4h	0.08148	−0.012%	$324K	$55K	25x	as long as short
Bitget INITUSDTlong	+0.0100%	4h	0.08149	long leg	$425K	$311K	25x
BingX INIT-USDT	+0.0100%	4h	0.08150	+0.012%	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	0.08136	−0.163%	$26K	$23K	—	as long as short
BloFin INIT-USDT	+0.0124%	4h	0.08159	+0.123%	$153K	$110K	25x	as long as short
Kraken Futures PF_INITUSD	+0.0386%	1h	0.08155	+0.070%	$6K	$17K	10x	as long as short