Funding arb · Price arb /

NOT

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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 0.000%

Price spread now: MEXC against Bitget−0.119%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.119%, 7d avg −0.053%

Together, before fees+0.087%+$9 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 0.065% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005048	0.0100	pay 0.0050% / 4h	2h 55m	$665K	$381K	50x
Short	MEXC NOT_USDT	0.0005042	0.0100	get 0.0050% / 4h	2h 55m	$1.4M	$479K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.053%: −$6.54
Slippage, 4 orders: −$51.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$73.68
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from Bitget: live order book, 29 min ago; MEXC: 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 Bitget live order book, 29 min ago	2.96 bp	23.8 bp −$24	139.7 bp −$1,397	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.99 bp	6.7 bp −$7	22.2 bp −$222	87.8 bp −$8,778	114.8 bp −$57.4K

NOT on 16 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
Variational Omni NOT	+0.0006%	4h	0.0005040	−0.149%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.447%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005054	+0.121%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	+0.040%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005041	−0.141%	$14K	$13K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005053	+0.095%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005047	−0.020%	$2.1M	$823K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005049	+0.020%	$611K	$586K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005041	−0.139%	$140K	$76K	50x	as long as short
MEXC NOT_USDTshort	+0.0100%	4h	0.0005042	−0.119%	$1.4M	$479K	200x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005038	−0.198%	$489K	$121K	50x	as long as short
Bitget NOTUSDTlong	+0.0100%	4h	0.0005048	long leg	$665K	$381K	50x
BingX NOT-USDC	+0.0100%	4h	0.0005043	−0.099%	—	$720K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005042	−0.113%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0124%	4h	0.0005044	−0.079%	$113K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.7068%	1h	0.0005083	+0.692%	$49K	$9K	10x	as long as short