Funding arb · Price arb /

MOG

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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 −0.023%

Price spread now: Binance against Bybit−0.304%7-day average −0.170% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1741.742% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.304%, 7d avg −0.170%

Together, before fees+0.084%+$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: Binance is 0.134% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.170%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000000MOGUSDT	0.0000001200	0.0100	pay 0.0050% / 4h	3h 27m	$1.7M	$2.2M	50x
Short	Binance 1000000MOGUSDT	0.0000001196	0.0100	get 0.0050% / 4h	3h 27m	$1.1M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.304%Rate

Funding earned: $0
Price spread: −0.304% → −0.170%: −$13.4
Slippage, 4 orders: −$153.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$187.62
Costs to cover: 1.742%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 15 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 Bybit live order book, 5 min ago	8.30 bp	55.3 bp −$55	190.2 bp −$1,902	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	4.19 bp	32.9 bp −$33	167.9 bp −$1,679	doesn't fit	doesn't fit

MOG on 12 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
Coinbase International 1000MOG-PERP-INTX	−0.0192%	1h	0.0000001207	+0.608%	$67K	$10K	25x	as long as short
Binance 1000000MOGUSDTshort	+0.0100%	4h	0.0000001196	−0.304%	$1.1M	$3.6M	50x
Bybit 1000000MOGUSDTlong	+0.0100%	4h	0.0000001200	long leg	$1.7M	$2.2M	50x
Gate MOG_USDT	+0.0100%	4h	0.0000001195	−0.392%	$433K	$337K	25x	as long as short
MEXC 1000000MOG_USDT	+0.0100%	4h	0.0000001196	−0.308%	$688K	$199K	100x	as long as short
Bitget 1000000MOGUSDT	+0.0100%	4h	0.0000001195	−0.392%	$336K	$162K	50x	as long as short
BloFin 1000000MOG-USDT	+0.0124%	4h	0.0000001203	+0.275%	$77K	$14K	50x	as long as short
Variational Omni 1000000MOG	+0.0139%	4h	0.0000001203	+0.315%	$4K	$9K	—	as long as short
BingX 1000000MOG-USDT	+0.0200%	4h	0.0000001198	−0.142%	—	$1.4M	—	as long as short
Kraken Futures PF_MOGUSD	+0.0918%	1h	0.0000001194	−0.500%	$48K	$41K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin 1000000MOGUSDTM	+0.0954%	4h	0.0000001202	+0.192%	$685K	$136K	30x	as long as short
Deribit 1000MOG_USDC-PERPETUAL	+0.6512%	1h	0.0000001191	−0.725%	$31K	$30K	10x	as long as short