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−0.0078%/8h= −8.5% APRpaid last 24h −0.036%
Price spread now: Bitget against MEXC0.000%7-day average +0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.158% cheaper against MEXC than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.158%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SATS_USDT0.000000012330.0100pay 0.0100% / 8h2m 37s$377K$182K100x
ShortBitget 1000SATSUSDT0.000000012330.0022get 0.0011% / 4h2m 37s$725K$217K25x

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

Funding earned
−$16.38
Price spread: 0.000% → +0.158%
−$15.79
Slippage, 4 orders
−$107.1
Fee MEXC: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$159.27
Costs to cover
1.271%
Break-even
never at this rate
Slippage from MEXC: live order book, 58 min ago; Bitget: live order book, 8 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, 58 min ago8.15 bp31.0 bp −$31147.9 bp −$1,479293.2 bp −$29.3K618.4 bp −$309.2K
Sell Bitget live order book, 8 min ago4.09 bp32.0 bp −$32270.4 bp −$2,704doesn't fitdoesn'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
Bitget 1000SATSUSDTshort+0.0022%4h0.000000012330.000%$725K$217K25x
Binance 1000SATSUSDT+0.0100%4h0.00000001231−0.162%$2.2M$5.1M25xas long as short
Bybit 10000SATSUSDT+0.0100%4h0.00000001233+0.032%$286K$860K13xas long as short
OKX SATS-USDT-SWAP+0.0100%8h0.00000001234+0.081%$836K$3.0M10xas long as short
Gate SATS_USDT+0.0100%4h0.00000001232−0.081%$355K$243K25xas long as short
MEXC SATS_USDTlong+0.0100%8h0.00000001233long leg$377K$182K100x
KuCoin 10000SATSUSDTM+0.0100%4h0.000000012330.000%$222K$83K10xas long as short
BingX 10000SATS-USDT+0.0100%4h0.00000001234+0.081%$90.8Mas long as short