Funding arb · Price arb /

NOT

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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 0.000%

Price spread now: Bitget against MEXC0.000%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on MEXC Short on Bitget

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)+0.053%+$5 · spread now 0.000%, 7d avg +0.051%

Together, before fees+0.085%+$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: Bitget is 0.051% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOT_USDT	0.0005081	0.0100	pay 0.0050% / 4h	30m 13s	$1.3M	$427K	200x
Short	Bitget NOTUSDT	0.0005081	0.0100	get 0.0050% / 4h	30m 13s	$673K	$412K	50x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.051%: −$5.09
Slippage, 4 orders: −$72.98
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.07
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 25 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, 1 min ago	1.97 bp	16.4 bp −$16	58.9 bp −$589	91.2 bp −$9,124	106.7 bp −$53.4K
Sell Bitget live order book, 25 min ago	7.91 bp	27.0 bp −$27	210.0 bp −$2,100	doesn't fit	doesn't fit

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	−0.0375%	4h	0.0005062	−0.372%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0252%	4h	0.0005069	−0.236%	$471K	$127K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.074%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005089	+0.152%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005090	+0.177%	$361K	$57K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005074	−0.140%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005082	+0.022%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005077	−0.079%	$2.1M	$852K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005086	+0.098%	$634K	$661K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005070	−0.216%	$141K	$70K	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_USDTlong	+0.0100%	4h	0.0005081	long leg	$1.3M	$427K	200x
Bitget NOTUSDTshort	+0.0100%	4h	0.0005081	0.000%	$673K	$412K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005084	+0.059%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005078	−0.067%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0109%	4h	0.0005073	−0.157%	$111K	$16K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1697%	1h	0.0005090	+0.178%	$50K	$9K	10x	as long as short