Funding arb · Price arb /

POWER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.074%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$420as in the Funding arb table

Net, price: spread back to 7d avg − costs−$391as in the Price arb table

costs, in and out, $10k−$3873.866% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.074%, 7d avg −0.027%

Together, before fees−0.276%−$28 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 0.047% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POWERUSDT	0.1216	0.0100	pay 0.0050% / 4h	2h 21m	$2.0M	$1.6M	20x
Short	MEXC POWER_USDT	0.1215	0.0100	get 0.0050% / 4h	2h 21m	$14.1M	$439K	20x

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 −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.027%: −$4.74
Slippage, 4 orders: −$375.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$391.37
Costs to cover: 3.866%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 2 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	4.12 bp	198.3 bp −$198	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.87 bp	24.5 bp −$24	43.3 bp −$433	114.1 bp −$11.4K	doesn't fit

POWER on 10 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
Aster POWERUSDT	+0.0100%	4h	0.1216	−0.033%	$23K	$25K	5x	as long as short
Binance POWERUSDT	+0.0100%	4h	0.1216	−0.055%	$3.6M	$5.6M	20x	as long as short
Bybit POWERUSDTlong	+0.0100%	4h	0.1216	long leg	$2.0M	$1.6M	20x
Gate POWER_USDT	+0.0100%	8h	0.1220	+0.312%	$230K	$112K	20x	as long as short
MEXC POWER_USDTshort	+0.0100%	4h	0.1215	−0.074%	$14.1M	$439K	20x
KuCoin POWERUSDTM	+0.0100%	4h	0.1213	−0.230%	$2.4M	$15.0M	20x	as long as short
Bitget POWERUSDT	+0.0100%	4h	0.1217	+0.041%	$3.3M	$509K	20x	as long as short
BingX POWER-USDT	+0.0100%	4h	0.1218	+0.181%	—	$1.4M	—	as long as short
Variational Omni POWER	+0.0100%	4h	0.1213	−0.238%	$18K	$3K	—	as long as short
BloFin POWER-USDT	+0.0118%	4h	0.1217	+0.066%	$212K	$129K	20x	as long as short