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 +0.013%

Price spread now: MEXC against Bybit+0.139%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$770.775% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.139%, 7d avg +0.087%

Together, before fees−0.154%−$15 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 0.052% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOTUSDT	0.0005044	0.0100	pay 0.0050% / 4h	1h 36m	$2.1M	$813K	25x
Short	MEXC NOT_USDT	0.0005051	0.0100	get 0.0050% / 4h	1h 36m	$1.4M	$460K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.087%: $5.18
Slippage, 4 orders: −$62.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$72.32
Costs to cover: 0.775%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 4 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	4.95 bp	26.8 bp −$27	112.9 bp −$1,129	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.99 bp	11.1 bp −$11	44.8 bp −$448	90.9 bp −$9,092	113.3 bp −$56.7K

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	−0.0092%	4h	0.0005054	+0.197%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.370%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0080%	4h	0.0005049	+0.099%	$111K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005059	+0.299%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	+0.119%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005051	+0.135%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005051	+0.139%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDTlong	+0.0100%	4h	0.0005044	long leg	$2.1M	$813K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005047	+0.059%	$613K	$584K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005050	+0.119%	$140K	$78K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDTshort	+0.0100%	4h	0.0005051	+0.139%	$1.4M	$460K	200x
KuCoin NOTUSDTM	+0.0100%	4h	0.0005053	+0.178%	$497K	$120K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005053	+0.178%	$664K	$387K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005050	+0.119%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005050	+0.119%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.6139%	1h	0.0005092	+0.946%	$49K	$9K	10x	as long as short