Funding arb · Price arb /

SATS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.016%

Price spread now: MEXC against Bybit0.000%7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1961.958% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.190%−$19 · spread now 0.000%, 7d avg −0.087%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.087% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 10000SATSUSDT	0.00000001238	0.0100	pay 0.0050% / 4h	2h 22m	$286K	$876K	13x
Short	MEXC SATS_USDT	0.00000001238	0.0136	get 0.0136% / 8h	6h 22m	$377K	$185K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $7.56
Price spread: 0.000% → −0.087%: $8.75
Slippage, 4 orders: −$176.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$179.51
Costs to cover: 1.958%
Break-even: 173.2 days

Slippage from Bybit: live order book, 43 min ago; MEXC: live order book, 28 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 Bybit live order book, 43 min ago	3.21 bp	63.6 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 28 min ago	12.17 bp	31.8 bp −$32	157.4 bp −$1,574	290.2 bp −$29.0K	591.6 bp −$295.8K

SATS 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
Binance 1000SATSUSDT	+0.0100%	4h	0.00000001238	0.000%	$2.1M	$5.3M	25x	as long as short
Bybit 10000SATSUSDTlong	+0.0100%	4h	0.00000001238	long leg	$286K	$876K	13x
Gate SATS_USDT	+0.0100%	4h	0.00000001237	−0.081%	$362K	$243K	25x	as long as short
KuCoin 10000SATSUSDTM	+0.0100%	4h	0.00000001238	0.000%	$203K	$88K	10x	as long as short
Bitget 1000SATSUSDT	+0.0100%	4h	0.00000001239	+0.081%	$737K	$233K	25x	as long as short
OKX SATS-USDT-SWAP	+0.0134%	8h	0.00000001239	+0.113%	$832K	$3.0M	10x	as long as short
MEXC SATS_USDTshort	+0.0136%	8h	0.00000001238	0.000%	$377K	$185K	100x
BingX 10000SATS-USDT	+0.0140%	4h	0.00000001240	+0.162%	—	$90.3M	—	as long as short