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

ORDER

all ORDER markets
SwapBacktest
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: MEXC against Bitget+0.227%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1411.412% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.227%, 7d avg +0.136%
Together, before fees−0.061%−$6 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 0.091% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.136%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ORDERUSDT0.039630.0100pay 0.0050% / 4h2h 54m$475K$201K20x
ShortMEXC ORDER_USDT0.039720.0100get 0.0050% / 4h2h 54m$268K$98K20x

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

Funding earned
$0
Price spread: +0.227% → +0.136%
$9.08
Slippage, 4 orders
−$125.19
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$132.12
Costs to cover
1.412%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; MEXC: live order book, 60 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 Bitget live order book, 6 min ago7.48 bp50.5 bp −$51324.7 bp −$3,247doesn't fitdoesn't fit
Sell MEXC live order book, 60 min ago5.00 bp31.4 bp −$3192.0 bp −$920246.2 bp −$24.6Kdoesn't fit

ORDER on 11 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
BloFin ORDER-USDT+0.0076%8h0.03960−0.076%$65K$7K16xas long as short
Binance ORDERUSDT+0.0100%4h0.03973+0.255%$1.4M$1.5M50xas long as short
Bybit ORDERUSDT+0.0100%8h0.03962−0.025%$1.3M$587K20xas long as short
OKX ORDER-USDT-SWAP+0.0100%4h0.03971+0.202%$161K$270K20xas long as short
Gate ORDER_USDT+0.0100%4h0.03970+0.177%$73K$62K20xas long as short
MEXC ORDER_USDTshort+0.0100%4h0.03972+0.227%$268K$98K20x
KuCoin ORDERUSDTM+0.0100%4h0.03973+0.252%$219K$84K30xas long as short
Bitget ORDERUSDTlong+0.0100%4h0.03963long leg$475K$201K20x
BingX ORDER-USDT+0.0100%4h0.03968+0.126%$1.3Mas long as short
Variational Omni ORDER+0.0100%8h0.03962−0.028%$10K$2Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ORDER_USDC+0.0837%4h0.03968+0.126%$187K$211K10xas long as short