Funding arb · Price arb /

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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 −0.252%

Price spread now: MEXC against BingX+0.074%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.305%−$30 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.074%, 7d avg −0.042%

Together, before fees−0.379%−$38 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 0.116% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ON-USDT	0.1350	0.0100	pay 0.0050% / 4h	2h 37m	—	$6.6M	—
Short	MEXC ON_USDT	0.1351	0.0100	get 0.0050% / 4h	2h 37m	$1.0M	$399K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → −0.042%: $11.63
Slippage, 4 orders: −$89.61
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$95.98
Costs to cover: 1.076%
Break-even: never at this rate

Slippage from BingX: 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 BingX live order book, 5 min ago	7.41 bp	29.0 bp −$29	106.7 bp −$1,067	1020.1 bp −$102.0K	1441.2 bp −$720.6K
Sell MEXC live order book, 4 min ago	3.70 bp	35.8 bp −$36	131.3 bp −$1,313	348.1 bp −$34.8K	913.8 bp −$456.9K

ON on 8 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
Binance ONUSDT	+0.0100%	4h	0.1350	0.000%	$5.8M	$3.8M	50x	as long as short
Gate ON_USDT	+0.0100%	4h	0.1349	−0.104%	$301K	$34K	5x	as long as short
MEXC ON_USDTshort	+0.0100%	4h	0.1351	+0.074%	$1.0M	$399K	50x
KuCoin ONUSDTM	+0.0100%	4h	0.1350	0.000%	$741K	$76K	50x	as long as short
BingX ON-USDTlong	+0.0100%	4h	0.1350	long leg	—	$6.6M	—
Variational Omni ON	+0.0100%	4h	0.1350	0.000%	$24K	$7K	—	as long as short
edgeX ONUSDC	+0.0117%	4h	0.1350	−0.021%	$7K	$134K	10x	as long as short
Aster ONUSDT	+0.0148%	4h	0.1352	+0.144%	$440K	$32K	5x	as long as short