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

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: BingX against MEXC−0.081%7-day average +0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1321.316% of the position
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)+0.263%+$26 · spread now −0.081%, 7d avg +0.104%
Together, before fees+0.269%+$27 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 0.184% cheaper against MEXC than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.104%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SATS_USDT0.000000012410.0100pay 0.0100% / 8h2h 55m$387K$186K100x
ShortBingX 10000SATS-USDT0.000000012400.0100get 0.0050% / 4h2h 55m$5.8M

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

Funding earned
$0
Price spread: −0.081% → +0.104%
−$18.43
Slippage, 4 orders
−$113.56
Fee MEXC: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$149.98
Costs to cover
1.316%
Break-even
never at this rate
Slippage from MEXC: live order book, 40 min ago; BingX: live order book, 9 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 MEXC live order book, 40 min ago12.04 bp35.4 bp −$35156.4 bp −$1,564296.3 bp −$29.6K597.7 bp −$298.8K
Sell BingX live order book, 9 min ago8.07 bp28.3 bp −$28122.7 bp −$1,227708.0 bp −$70.8Kdoesn't fit

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
Binance 1000SATSUSDT+0.0100%4h0.00000001239−0.161%$2.2M$5.6M25xas long as short
Bybit 10000SATSUSDT+0.0100%4h0.00000001240−0.081%$288K$898K13xas long as short
OKX SATS-USDT-SWAP+0.0100%8h0.00000001239−0.137%$818K$3.0M10xas long as short
Gate SATS_USDT+0.0100%4h0.00000001237−0.322%$364K$258K25xas long as short
MEXC SATS_USDTlong+0.0100%8h0.00000001241long leg$387K$186K100x
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001238−0.242%$198K$90K10xas long as short
Bitget 1000SATSUSDT+0.0100%4h0.00000001239−0.161%$720K$249K25xas long as short
BingX 10000SATS-USDTshort+0.0100%4h0.00000001240−0.081%$5.8M