Settings8H · net · $10k
Funding arb · Price arb /

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.036%
Price spread now: MEXC against Bitget0.000%7-day average −0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1271.271% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.242%+$24 on $10k
Price spread, last 4 days (all we have)−0.182%−$18 · spread now 0.000%, 7d avg −0.158%
Together, before fees+0.060%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.158% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.158%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget 1000SATSUSDT0.000000012310.0024pay 0.0012% / 4h3m 02s$724K$217K25x
ShortMEXC SATS_USDT0.000000012310.0100get 0.0100% / 8h3m 02s$376K$182K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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

Funding earned
$15.96
Price spread: 0.000% → −0.158%
$15.79
Slippage, 4 orders
−$107.1
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 4 bp × 2 orders
−$8
Net
−$95.35
Costs to cover
1.271%
Break-even
48.8 days
Slippage from Bitget: live order book, 7 min ago; MEXC: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 7 min ago4.09 bp32.9 bp −$33510.8 bp −$5,108doesn't fitdoesn't fit
Sell MEXC live order book, 57 min ago8.15 bp31.1 bp −$31152.4 bp −$1,524294.6 bp −$29.5K610.5 bp −$305.3K

SATS on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget 1000SATSUSDTlong+0.0024%4h0.00000001231long leg$724K$217K25x
Binance 1000SATSUSDT+0.0100%4h0.00000001230−0.081%$2.2M$5.1M25xas long as short
Bybit 10000SATSUSDT+0.0100%4h0.00000001232+0.041%$285K$859K13xas long as short
OKX SATS-USDT-SWAP+0.0100%8h0.00000001232+0.073%$829K$3.0M10xas long as short
Gate SATS_USDT+0.0100%4h0.00000001230−0.081%$354K$243K25xas long as short
MEXC SATS_USDTshort+0.0100%8h0.000000012310.000%$376K$182K100x
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001230−0.081%$221K$83K10xas long as short
BingX 10000SATS-USDT+0.0100%4h0.00000001233+0.162%$90.8Mas long as short