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

S

all S markets
SwapBacktest
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 −0.002%
Price spread now: MEXC against BingX+0.025%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$590.591% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.077%−$8 on $10k
Price spread, last 7 days+0.007%+$1 · spread now +0.025%, 7d avg +0.032%
Together, before fees−0.070%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX S-USDT0.040220.0100pay 0.0050% / 4h58m 50s$6.8M
ShortMEXC S_USDT0.040230.0100get 0.0050% / 4h58m 50s$4.0M$1.8M200x

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

Funding earned
$0
Price spread: +0.025% → +0.032%
−$0.75
Slippage, 4 orders
−$45.11
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$59.86
Costs to cover
0.591%
Break-even
never at this rate
Slippage from BingX: live order book, 9 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago6.21 bp22.3 bp −$2267.0 bp −$670497.0 bp −$49.7K784.5 bp −$392.3K
Sell MEXC live order book, 3 min ago2.48 bp4.8 bp −$565.8 bp −$658267.6 bp −$26.8Kdoesn't fit

S on 25 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
01 Exchange SUSD−0.5800%1h0.03950−1.790%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1967%1h0.04017−0.127%$35K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1064%1h0.03961−1.517%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04023+0.035%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04022−0.010%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04024+0.048%$620150xas long as short
Variational Omni S+0.0027%4h0.04018−0.092%$625K$19Kas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.939%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0085%4h0.04023+0.025%$100K$582K10xas long as short
Lighter S+0.0096%1h0.04026+0.099%$172K$137K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04021−0.027%$1.0M$579K5xas long as short
Aster SUSDT+0.0100%4h0.04025+0.078%$47K$110K10xas long as short
Binance SUSDT+0.0100%4h0.04021−0.030%$5.7M$13.5M75xas long as short
Bybit SUSDT+0.0100%4h0.04017−0.124%$5.7M$4.1M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04021−0.025%$1.0M$3.7M20xas long as short
Gate S_USDT+0.0100%4h0.04024+0.050%$327K$174K50xas long as short
MEXC S_USDTshort+0.0100%4h0.04023+0.025%$4.0M$1.8M200x
KuCoin SUSDTM+0.0100%4h0.04021−0.025%$1.8M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04025+0.075%$1.2M$2.2M50xas long as short
BingX S-USDTlong+0.0100%4h0.04022long leg$6.8M
ApeX Omni SUSDT+0.0100%1h0.04030+0.199%$23K$487K50xas long as short
Extended S-USD+0.0104%1h0.04020−0.059%$226K$842K10xas long as short
BloFin S-USDT+0.0340%4h0.04027+0.124%$278K$115K75xas long as short
Deribit S_USDC-PERPETUAL+0.0496%1h0.04025+0.075%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.1267%1h0.04030+0.199%$117K$426K5xas long as short