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 0.000%

Price spread now: Binance against MEXC+0.036%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on MEXC Short on Binance

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−0.030%−$3 · spread now +0.036%, 7d avg −0.005%

Together, before fees−0.029%−$3 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: Binance is 0.041% dearer against MEXC than usual: you sell high and buy low, +$4 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	MEXC S_USDT	0.03919	0.0100	pay 0.0050% / 4h	1h 53m	$3.6M	$2.3M	200x
Short	Binance SUSDT	0.03920	0.0100	get 0.0050% / 4h	1h 53m	$5.4M	$22.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.005%: $4.11
Slippage, 4 orders: −$33.05
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.94
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: 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 MEXC live order book, 4 min ago	1.27 bp	5.4 bp −$5	55.4 bp −$554	263.4 bp −$26.3K	doesn't fit
Sell Binance live order book, 3 min ago	2.55 bp	15.9 bp −$16	57.1 bp −$571	doesn't fit	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	−0.1596%	1h	0.03917	−0.060%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.373%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0793%	4h	0.03918	−0.021%	$609K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0193% / S +0.0187%	1h	0.03924	+0.130%	$1K	—	100x	as long as short
01 Exchange SUSD	−0.0112%	1h	0.03920	+0.026%	$24K	$3K	5x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03918	−0.014%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.03922	+0.077%	$66K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03925	+0.163%	$605	—	150x	as long as short
Orderly PERP_S_USDC	+0.0020%	4h	0.03920	+0.026%	$100K	$349K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.619%	$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
Aster SUSDT	+0.0038%	4h	0.03919	+0.003%	$43K	$212K	10x	as long as short
Hyperliquid S	+0.0076%	1h	0.03921	+0.043%	$984K	$787K	5x	as long as short
Lighter S	+0.0096%	1h	0.03923	+0.102%	$164K	$222K	5x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.03920	+0.036%	$5.4M	$22.1M	75x
Bybit SUSDT	+0.0100%	4h	0.03914	−0.128%	$5.6M	$6.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03919	0.000%	$977K	$6.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03912	−0.179%	$320K	$265K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.03919	long leg	$3.6M	$2.3M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03917	−0.051%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03922	+0.077%	$1.2M	$2.8M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03917	−0.051%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	+0.026%	$23K	$469K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03916	−0.067%	$221K	$883K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03918	−0.026%	$268K	$132K	75x	as long as short
Backpack S_USDC_PERP	+0.0363%	1h	0.03920	+0.026%	$114K	$298K	5x	as long as short