Funding arb · Price arb /

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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: MEXC against Binance+0.095%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$810.810% of the position

Long on Binance Short on MEXC

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)−0.185%−$18 · spread now +0.095%, 7d avg −0.030%

Together, before fees−0.185%−$18 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: MEXC is 0.124% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SENTUSDT	0.01915	0.0100	pay 0.0050% / 4h	2h 06m	$6.1M	$3.2M	75x
Short	MEXC SENT_USDT	0.01917	0.0100	get 0.0050% / 4h	2h 06m	$479K	$241K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → −0.030%: $12.42
Slippage, 4 orders: −$66.98
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$68.56
Costs to cover: 0.810%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; MEXC: live order book, 53 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 Binance live order book, 2 min ago	2.61 bp	26.6 bp −$27	117.4 bp −$1,174	doesn't fit	doesn't fit
Sell MEXC live order book, 53 min ago	2.62 bp	14.9 bp −$15	68.8 bp −$688	299.8 bp −$30.0K	doesn't fit

SENT on 10 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
Aster SENTUSDT	+0.0100%	4h	0.01918	+0.169%	$8K	$6K	5x	as long as short
Binance SENTUSDTlong	+0.0100%	4h	0.01915	long leg	$6.1M	$3.2M	75x
Bybit SENTUSDT	+0.0100%	4h	0.01914	−0.078%	$1.9M	$1.0M	50x	as long as short
OKX SENT-USDT-SWAP	+0.0100%	4h	0.01913	−0.114%	$1.1M	$794K	50x	as long as short
Gate SENT_USDT	+0.0100%	4h	0.01916	+0.042%	$270K	$81K	50x	as long as short
MEXC SENT_USDTshort	+0.0100%	4h	0.01917	+0.095%	$479K	$241K	20x
KuCoin SENTUSDTM	+0.0100%	4h	0.01917	+0.095%	$579K	$122K	50x	as long as short
Bitget SENTUSDT	+0.0100%	4h	0.01915	−0.010%	$1.1M	$356K	20x	as long as short
BingX SENT-USDT	+0.0100%	4h	0.01914	−0.062%	—	$1.8M	—	as long as short
SunX SENT-USDT	+0.0100%	4h	0.01916	+0.042%	$3K	$1.2M	20x	as long as short