Funding arb · Price arb /

S

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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 −0.004%

Price spread now: MEXC against Bitget+0.025%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.025%, 7d avg −0.035%

Together, before fees−0.151%−$15 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 0.060% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SUSDT	0.03955	0.0100	pay 0.0050% / 4h	2h 57m	$1.2M	$3.2M	50x
Short	MEXC S_USDT	0.03956	0.0100	get 0.0050% / 4h	2h 57m	$3.7M	$2.5M	200x

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

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.035%: $6.05
Slippage, 4 orders: −$35.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$45.77
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 5 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 Bitget live order book, 1 min ago	6.32 bp	23.6 bp −$24	62.3 bp −$623	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.26 bp	3.7 bp −$4	33.0 bp −$330	249.1 bp −$24.9K	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	−0.1444%	1h	0.03953	−0.051%	$33K	$33K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−3.262%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1185%	4h	0.03967	+0.292%	$618K	$48K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	0.03958	+0.076%	$1K	—	100x	as long as short
01 Exchange SUSD	−0.0104%	1h	0.03950	−0.126%	$24K	$3K	5x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03953	−0.042%	$4	—	15x	as long as short
Hyperliquid S	−0.0070%	1h	0.03955	0.000%	$999K	$972K	5x	as long as short
Orderly PERP_S_USDC	−0.0023%	4h	0.03956	+0.025%	$102K	$339K	10x	as long as short
Aster SUSDT	−0.0013%	4h	0.03959	+0.103%	$43K	$212K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03960	+0.117%	$610	—	150x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit S_USDC-PERPETUAL	+0.0003%	1h	0.03961	+0.152%	$67K	$10K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.666%	$2K	$37K	12x	as long as short
OKX S-USDT-SWAP	+0.0057%	4h	0.03954	−0.025%	$983K	$8.3M	20x	as long as short
Lighter S	+0.0096%	1h	0.03960	+0.126%	$166K	$240K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03955	0.000%	$5.4M	$25.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03949	−0.152%	$5.6M	$6.8M	50x	as long as short
Gate S_USDT	+0.0100%	4h	0.03949	−0.152%	$323K	$290K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.03956	+0.025%	$3.7M	$2.5M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03954	−0.025%	$1.9M	$3.1M	50x	as long as short
Bitget SUSDTlong	+0.0100%	4h	0.03955	long leg	$1.2M	$3.2M	50x
BingX S-USDT	+0.0100%	4h	0.03951	−0.101%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.379%	$26K	$476K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03954	−0.017%	$223K	$890K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03956	+0.025%	$201K	$203K	75x	as long as short
Backpack S_USDC_PERP	+0.0367%	1h	0.03960	+0.126%	$115K	$288K	5x	as long as short