Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Extended−0.103%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1761.764% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.103%, 7d avg −0.041%

Together, before fees+0.082%+ Points / potential airdropExtended: Active · farm board+$8 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 0.062% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IO-USD	0.1485	0.0104	pay 0.0013% / 1h	38m 13s	$3K	$215K	5x
Short	MEXC IO_USDT	0.1483	0.0100	get 0.0050% / 4h	2h 38m	$1.2M	$234K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$0.84
Price spread: −0.103% → −0.041%: −$6.19
Slippage, 4 orders: −$167.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$183.41
Costs to cover: 1.764%
Break-even: never at this rate

Slippage from Extended: live order book, 8 min ago; MEXC: 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 Extended live order book, 8 min ago	7.70 bp	83.7 bp −$84	542.5 bp −$5,425	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	6.73 bp	20.8 bp −$21	158.0 bp −$1,580	272.6 bp −$27.3K	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
Hyperliquid IO	+0.0100%	1h	0.1485	+0.025%	$990K	$363K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1484	−0.009%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1485	+0.040%	$2.9M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1483	−0.116%	$1.1M	$901K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1483	−0.130%	$230K	$446K	50x	as long as short
MEXC IO_USDTshort	+0.0100%	4h	0.1483	−0.103%	$1.2M	$234K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1482	−0.170%	$347K	$624K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1486	+0.099%	$1.4M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1483	−0.103%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1486	+0.084%	$30K	$16K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IO-USDT	+0.0101%	4h	0.1486	+0.099%	$193K	$38K	50x	as long as short
Extended IO-USDlong	+0.0104%	1h	0.1485	long leg	$3K	$215K	5x
Injective IO/USDC PERP	+0.0619%	1h	0.1494	+0.638%	$2K	$198	5.5x	as long as short
Kraken Futures PF_IOUSD	+2.7510%	1h	0.1487	+0.190%	$38K	$10K	10x	as long as short