Funding arb · Price arb /

SAFE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC0.000%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now 0.000%, 7d avg −0.041%

Together, before fees−0.077%−$8 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: Bitget 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 −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAFE_USDT	0.1081	0.0100	pay 0.0050% / 4h	2h 09m	$393K	$131K	100x
Short	Bitget SAFEUSDT	0.1081	0.0100	get 0.0050% / 4h	2h 09m	$396K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.041%: $4.08
Slippage, 4 orders: −$85.96
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$97.88
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from MEXC: live order book, 41 min ago; Bitget: live order book, 51 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, 41 min ago	4.62 bp	10.6 bp −$11	60.2 bp −$602	504.8 bp −$50.5K	doesn't fit
Sell Bitget live order book, 51 min ago	9.28 bp	32.9 bp −$33	158.9 bp −$1,589	doesn't fit	doesn't fit

SAFE on 8 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
Injective SAFE/USDC PERP	+0.0033%	1h	0.1002	−7.308%	$9	$19K	5.5x	as long as short
Binance SAFEUSDT	+0.0100%	4h	0.1081	+0.004%	$1.1M	$2.1M	50x	as long as short
Bybit SAFEUSDT	+0.0100%	4h	0.1079	−0.231%	$1.3M	$641K	25x	as long as short
MEXC SAFE_USDTlong	+0.0100%	4h	0.1081	long leg	$393K	$131K	100x
Bitget SAFEUSDTshort	+0.0100%	4h	0.1081	0.000%	$396K	$266K	50x
BingX SAFE-USDT	+0.0100%	4h	0.1080	−0.046%	—	$6.5M	—	as long as short
Variational Omni SAFE	+0.0100%	4h	0.1080	−0.096%	$3K	$3K	—	as long as short
Gate SAFE_USDT	+0.0492%	4h	0.1082	+0.111%	$705K	$70K	50x	as long as short