Funding arb · Price arb /

S

all S markets

Swap Backtest

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: BingX against MEXC0.000%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on MEXC Short on BingX

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−0.019%−$2 · spread now 0.000%, 7d avg −0.033%

Together, before fees+0.058%+$6 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: BingX is 0.033% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.03961	0.0100	pay 0.0050% / 4h	3h 12m	$3.6M	$1.7M	200x
Short	BingX S-USDT	0.03961	0.0100	get 0.0050% / 4h	3h 12m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.033%: $3.3
Slippage, 4 orders: −$34.71
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$45.41
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 10 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, 5 min ago	1.26 bp	3.3 bp −$3	63.8 bp −$638	269.1 bp −$26.9K	doesn't fit
Sell BingX live order book, 10 min ago	1.26 bp	24.0 bp −$24	70.0 bp −$700	392.8 bp −$39.3K	730.5 bp −$365.2K

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	−0.4944%	1h	0.03850	−2.802%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2251%	1h	0.03958	−0.076%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03927	−0.858%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03961	0.000%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03961	−0.010%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03962	+0.023%	$611	—	150x	as long as short
Variational Omni S	+0.0008%	4h	0.03962	+0.033%	$615K	$30K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.509%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0082%	4h	0.03964	+0.076%	$98K	$293K	10x	as long as short
Lighter S	+0.0096%	1h	0.03968	+0.177%	$168K	$157K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03962	+0.030%	$993K	$590K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03965	+0.099%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03963	+0.050%	$5.5M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03956	−0.126%	$5.7M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03961	0.000%	$984K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03960	−0.025%	$322K	$191K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.03961	long leg	$3.6M	$1.7M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03960	−0.025%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03964	+0.076%	$1.2M	$2.3M	50x	as long as short
BingX S-USDTshort	+0.0100%	4h	0.03961	0.000%	—	$6.8M	—
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.227%	$24K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03960	−0.028%	$225K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03967	+0.151%	$273K	$102K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0760%	1h	0.03966	+0.126%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1415%	1h	0.03980	+0.480%	$116K	$423K	5x	as long as short