Funding arb · Price arb /

S

all S markets

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 0.000%

Price spread now: MEXC against Binance+0.031%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.031%, 7d avg +0.005%

Together, before fees−0.039%−$4 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 0.027% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.03904	0.0100	pay 0.0050% / 4h	2h 34m	$5.3M	$23.8M	75x
Short	MEXC S_USDT	0.03905	0.0100	get 0.0050% / 4h	2h 34m	$3.5M	$2.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.005%: $2.67
Slippage, 4 orders: −$29.33
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$40.66
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; MEXC: live order book, 3 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 Binance live order book, 7 min ago	1.28 bp	16.1 bp −$16	58.3 bp −$583	2425.8 bp −$242.6K	doesn't fit
Sell MEXC live order book, 3 min ago	1.28 bp	3.4 bp −$3	27.0 bp −$270	240.7 bp −$24.1K	doesn't fit

S on 25 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
Kraken Futures PF_SUSD	−0.1463%	1h	0.03901	−0.063%	$33K	$32K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−1.992%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1122%	4h	0.03894	−0.241%	$606K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0188% / S +0.0183%	1h	0.03905	+0.031%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03902	−0.043%	$4	—	15x	as long as short
Aster SUSDT	−0.0032%	4h	0.03906	+0.066%	$43K	$212K	10x	as long as short
Orderly PERP_S_USDC	−0.0017%	4h	0.03903	−0.020%	$101K	$339K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03907	+0.072%	$602	—	150x	as long as short
01 Exchange SUSD	+0.0008%	1h	0.03900	−0.097%	$24K	$3K	5x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+5.027%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03905	+0.031%	$164K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03903	−0.017%	$985K	$911K	5x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.03904	long leg	$5.3M	$23.8M	75x
Bybit SUSDT	+0.0100%	4h	0.03897	−0.174%	$5.6M	$6.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03900	−0.097%	$970K	$7.4M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03903	−0.020%	$320K	$292K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.03905	+0.031%	$3.5M	$2.6M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03902	−0.045%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03905	+0.031%	$1.2M	$3.0M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03901	−0.071%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	+0.159%	$19K	$471K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03901	−0.082%	$219K	$883K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0262%	1h	0.03908	+0.108%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03903	−0.020%	$269K	$177K	75x	as long as short
Backpack S_USDC_PERP	+0.0564%	1h	0.03910	+0.159%	$114K	$288K	5x	as long as short