Settings8H · net · $10k
Funding arb · Price arb /

OG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.057%
Price spread now: Bybit against MEXC+0.106%7-day average +0.185% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2042.039% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.106%, 7d avg +0.185%
Together, before fees+0.054%+$5 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 0.079% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.185%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OG_USDT2.83800.0100pay 0.0050% / 4h1h 15m$765K$231K50x
ShortBybit OGUSDT2.84100.0100get 0.0100% / 8h5h 15m$532K$175K13x

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

Funding earned
$0
Price spread: +0.106% → +0.185%
−$7.89
Slippage, 4 orders
−$188.93
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$211.82
Costs to cover
2.039%
Break-even
never at this rate
Slippage from MEXC: live order book, 40 min ago; Bybit: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 40 min ago1.77 bp14.5 bp −$1587.2 bp −$872164.1 bp −$16.4K472.6 bp −$236.3K
Sell Bybit live order book, 39 min ago7.09 bp60.1 bp −$60360.6 bp −$3,606doesn't fitdoesn't fit

OG on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance OGUSDT+0.0100%4h2.8383+0.012%$1.9M$1.1M25xas long as short
Bybit OGUSDTshort+0.0100%8h2.8410+0.106%$532K$175K13x
Gate OG_USDT+0.0100%4h2.8270−0.388%$97K$30K25xas long as short
MEXC OG_USDTlong+0.0100%4h2.8380long leg$765K$231K50x
KuCoin OGUSDTM+0.0100%4h2.8373−0.025%$170K$60K25xas long as short
Bitget OGUSDT+0.0100%4h2.8377−0.011%$259K$135K20xas long as short
BingX OG-USDT+0.0100%4h2.8400+0.070%$6.5Mas long as short
Variational Omni OG+0.0100%8h2.8419+0.139%$1K$262as long as short