Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0646%/8h= +70.7% APRpaid last 24h −0.028%

Price spread now: Deribit against MEXC+0.100%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Deribit is 0.100% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.04018	0.0100	pay 0.0050% / 4h	2h 22m	$3.6M	$1.7M	200x
Short	Deribit S_USDC-PERPETUAL	0.04022	0.0746	get 0.0093% / 1h	22m 05s	$68K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.100%Rate

Funding earned: $135.56
Price spread: +0.100% → 0.000%: $9.96
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $134.51
Costs to cover: 0.110%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.

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	1.25 bp	4.3 bp −$4	54.7 bp −$547	264.2 bp −$26.4K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.9552%	1h	0.03850	−4.181%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1812%	1h	0.04013	−0.134%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03961	−1.419%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04015	−0.065%	$1K	—	100x	as long as short
Variational Omni S	−0.0117%	4h	0.03992	−0.639%	$619K	$28K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04014	−0.090%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04015	−0.087%	$619	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.041%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0084%	4h	0.04015	−0.075%	$100K	$549K	10x	as long as short
Lighter S	+0.0096%	1h	0.04022	+0.100%	$171K	$140K	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	0.04018	+0.007%	$1.0M	$592K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04018	−0.011%	$47K	$111K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04018	0.000%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04013	−0.124%	$5.7M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04016	−0.050%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04013	−0.124%	$327K	$185K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.04018	long leg	$3.6M	$1.7M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04013	−0.124%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04018	0.000%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04017	−0.025%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03990	−0.697%	$24K	$483K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04016	−0.058%	$226K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04016	−0.050%	$278K	$108K	75x	as long as short
Deribit S_USDC-PERPETUALshort	+0.0746%	1h	0.04022	+0.100%	$68K	$10K	10x
Backpack S_USDC_PERP	+0.2308%	1h	0.04030	+0.299%	$117K	$426K	5x	as long as short