Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: MEXC against Extended+0.019%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$830.834% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.019%, 7d avg +0.098%

Together, before fees−0.054%+ Points / potential airdropExtended: Active · farm board−$5 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 0.079% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended S-USD	0.03942	0.0104	pay 0.0013% / 1h	2m 45s	$221K	$877K	10x
Short	MEXC S_USDT	0.03943	0.0100	get 0.0050% / 4h	2m 45s	$3.6M	$1.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.84
Price spread: +0.019% → +0.098%: −$7.94
Slippage, 4 orders: −$74.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$92.17
Costs to cover: 0.834%
Break-even: never at this rate

Slippage from Extended: live order book, 10 min ago; MEXC: live order book, 4 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 Extended live order book, 10 min ago	5.10 bp	41.4 bp −$41	270.9 bp −$2,709	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.54 bp	4.7 bp −$5	36.0 bp −$360	257.7 bp −$25.8K	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
01 Exchange SUSD	−0.6072%	1h	0.03840	−2.594%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2116%	1h	0.03941	−0.038%	$33K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.949%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1056%	4h	0.03927	−0.388%	$611K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0205% / S +0.0197%	1h	0.03951	+0.224%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03945	+0.062%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	−0.0003%	1h	0.03949	+0.171%	$66K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03950	+0.204%	$609	—	150x	as long as short
Orderly PERP_S_USDC	+0.0025%	4h	0.03947	+0.120%	$101K	$337K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.001%	$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	0.03949	+0.171%	$165K	$217K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03944	+0.044%	$988K	$664K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03949	+0.170%	$43K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03944	+0.044%	$5.4M	$16.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03940	−0.057%	$5.6M	$5.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03943	+0.019%	$983K	$4.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03938	−0.108%	$321K	$259K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.03943	+0.019%	$3.6M	$1.9M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03946	+0.095%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03945	+0.069%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03942	−0.007%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03950	+0.196%	$115K	$313K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	−0.057%	$25K	$448K	50x	as long as short
Extended S-USDlong	+0.0104%	1h	0.03942	long leg	$221K	$877K	10x
BloFin S-USDT	+0.0340%	4h	0.03935	−0.184%	$265K	$125K	75x	as long as short