Funding arb · Price arb /

MOG

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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 +0.023%

Price spread now: Bybit against MEXC+0.523%7-day average +0.212% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1551.552% of the position

Long on MEXC Short on Bybit

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)−0.361%−$36 · spread now +0.523%, 7d avg +0.212%

Together, before fees−0.306%−$31 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: Bybit is 0.311% dearer against MEXC than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.212%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000000MOG_USDT	0.0000001223	0.0100	pay 0.0050% / 4h	2h 49m	$727K	$218K	100x
Short	Bybit 1000000MOGUSDT	0.0000001229	0.0100	get 0.0050% / 4h	2h 49m	$1.7M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.523%Rate

Funding earned: $0
Price spread: +0.523% → +0.212%: $31.09
Slippage, 4 orders: −$140.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$124.13
Costs to cover: 1.552%
Break-even: never at this rate

Slippage from MEXC: live order book, 11 min ago; Bybit: 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 MEXC live order book, 11 min ago	8.26 bp	14.9 bp −$15	80.2 bp −$802	252.3 bp −$25.2K	doesn't fit
Sell Bybit live order book, 3 min ago	12.29 bp	58.2 bp −$58	146.6 bp −$1,466	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
Deribit 1000MOG_USDC-PERPETUAL	−0.2205%	1h	0.0000001219	−0.327%	$32K	$30K	10x	as long as short
Binance 1000000MOGUSDT	+0.0100%	4h	0.0000001225	+0.164%	$1.2M	$3.9M	50x	as long as short
Bybit 1000000MOGUSDTshort	+0.0100%	4h	0.0000001229	+0.523%	$1.7M	$2.3M	50x
Gate MOG_USDT	+0.0100%	4h	0.0000001225	+0.164%	$449K	$340K	25x	as long as short
MEXC 1000000MOG_USDTlong	+0.0100%	4h	0.0000001223	long leg	$727K	$218K	100x
Bitget 1000000MOGUSDT	+0.0100%	4h	0.0000001224	+0.082%	$344K	$164K	50x	as long as short
BloFin 1000000MOG-USDT	+0.0126%	4h	0.0000001222	−0.082%	$77K	$18K	50x	as long as short
BingX 1000000MOG-USDT	+0.0200%	4h	0.0000001229	+0.491%	—	$1.4M	—	as long as short
Variational Omni 1000000MOG	+0.0588%	4h	0.0000001225	+0.189%	$5K	$12K	—	as long as short
Kraken Futures PF_MOGUSD	+0.0678%	1h	0.0000001223	−0.016%	$49K	$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	+0.1762%	4h	0.0000001224	+0.082%	$680K	$147K	30x	as long as short
Coinbase International 1000MOG-PERP-INTX	+0.2088%	1h	0.0000001215	−0.654%	$67K	$10K	25x	as long as short