Funding arb · Price arb /

LYN

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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 −0.303%

Price spread now: Bitget against MEXC+0.465%7-day average +0.418% · you sell dearer than you buy

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1201.195% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−1.348%−$135 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.465%, 7d avg +0.418%

Together, before fees−1.451%−$145 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 0.046% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.418%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LYN_USDT	0.03874	0.0100	pay 0.0050% / 4h	31m 08s	$1.1M	$403K	50x
Short	Bitget LYNUSDT	0.03892	0.0100	get 0.0050% / 4h	31m 08s	$1.7M	$583K	10x

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 +0.465%Rate

Funding earned: $0
Price spread: +0.465% → +0.418%: $4.64
Slippage, 4 orders: −$107.53
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.89
Costs to cover: 1.195%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 1 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, 5 min ago	6.45 bp	27.9 bp −$28	108.6 bp −$1,086	361.3 bp −$36.1K	doesn't fit
Sell Bitget live order book, 1 min ago	6.42 bp	37.9 bp −$38	221.0 bp −$2,210	doesn't fit	doesn't fit

LYN 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
Aster LYNUSDT	+0.0100%	4h	0.03876	+0.059%	$23K	$23K	5x	as long as short
Binance LYNUSDT	+0.0100%	4h	0.03875	+0.025%	$6.0M	$8.2M	10x	as long as short
Bybit LYNUSDT	+0.0100%	4h	0.03886	+0.310%	$1.7M	$1.8M	25x	as long as short
MEXC LYN_USDTlong	+0.0100%	4h	0.03874	long leg	$1.1M	$403K	50x
KuCoin LYNUSDTM	+0.0100%	4h	0.03890	+0.413%	$1.1M	$185K	10x	as long as short
Bitget LYNUSDTshort	+0.0100%	4h	0.03892	+0.465%	$1.7M	$583K	10x
BingX LYN-USDT	+0.0100%	4h	0.03883	+0.232%	—	$6.6M	—	as long as short
Extended LYN-USD	+0.0104%	1h	0.03874	−0.003%	$5K	$160K	5x	as long as short
BloFin LYN-USDT	+0.0340%	4h	0.03868	−0.155%	$400K	$10K	20x	as long as short
Gate LYN_USDT	+0.0530%	4h	0.03881	+0.181%	$267K	$222K	25x	as long as short