Funding arb · Price arb /

IO

all IO markets

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: MEXC against BingX−0.131%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$860.863% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.131%, 7d avg −0.045%

Together, before fees−0.034%−$3 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 0.086% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IO-USDT	0.1528	0.0100	pay 0.0050% / 4h	1h 16m	—	$1.3M	—
Short	MEXC IO_USDT	0.1526	0.0100	get 0.0050% / 4h	1h 16m	$1.2M	$228K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → −0.045%: −$8.61
Slippage, 4 orders: −$72.27
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$94.88
Costs to cover: 0.863%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; MEXC: live order book, 5 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 BingX live order book, 5 min ago	6.55 bp	20.8 bp −$21	65.8 bp −$658	469.4 bp −$46.9K	doesn't fit
Sell MEXC live order book, 5 min ago	3.28 bp	21.1 bp −$21	171.8 bp −$1,718	320.6 bp −$32.1K	doesn't fit

IO on 14 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 IO/USDC PERP	−0.0430%	1h	0.1530	+0.131%	$2K	$202	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1528	−0.013%	$1.0M	$378K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1527	−0.048%	$24K	$49K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1528	+0.004%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1525	−0.164%	$1.1M	$918K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1528	−0.013%	$235K	$562K	50x	as long as short
MEXC IO_USDTshort	+0.0100%	4h	0.1526	−0.131%	$1.2M	$228K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1527	−0.065%	$358K	$658K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1530	+0.131%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDTlong	+0.0100%	4h	0.1528	long leg	—	$1.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1527	−0.051%	$33K	$13K	—	as long as short
BloFin IO-USDT	+0.0101%	4h	0.1527	−0.065%	$194K	$39K	50x	as long as short
Extended IO-USD	+0.0104%	1h	0.1527	−0.056%	$2K	$135K	5x	as long as short
Kraken Futures PF_IOUSD	+2.3230%	1h	0.1529	+0.062%	$39K	$18K	10x	as long as short