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 BingX0.000%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on BingX 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)+0.020%+$2 · spread now 0.000%, 7d avg +0.021%

Together, before fees+0.020%+$2 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 0.021% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SENT-USDT	0.01923	0.0100	pay 0.0050% / 4h	2h 30m	—	$1.8M	—
Short	MEXC SENT_USDT	0.01923	0.0100	get 0.0050% / 4h	2h 30m	$480K	$240K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.021%: −$2.11
Slippage, 4 orders: −$78.01
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$94.12
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; MEXC: live order book, 29 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 BingX live order book, 7 min ago	7.81 bp	29.7 bp −$30	92.1 bp −$921	519.6 bp −$52.0K	1103.9 bp −$552.0K
Sell MEXC live order book, 29 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	0.01923	+0.011%	$8K	$6K	5x	as long as short
Binance SENTUSDT	+0.0100%	4h	0.01924	+0.037%	$6.2M	$3.2M	75x	as long as short
Bybit SENTUSDT	+0.0100%	4h	0.01924	+0.031%	$2.0M	$1.0M	50x	as long as short
OKX SENT-USDT-SWAP	+0.0100%	4h	0.01923	0.000%	$1.1M	$787K	50x	as long as short
Gate SENT_USDT	+0.0100%	4h	0.01923	0.000%	$270K	$81K	50x	as long as short
MEXC SENT_USDTshort	+0.0100%	4h	0.01923	0.000%	$480K	$240K	20x
KuCoin SENTUSDTM	+0.0100%	4h	0.01921	−0.104%	$575K	$121K	50x	as long as short
Bitget SENTUSDT	+0.0100%	4h	0.01921	−0.104%	$1.1M	$353K	20x	as long as short
BingX SENT-USDTlong	+0.0100%	4h	0.01923	long leg	—	$1.8M	—
SunX SENT-USDT	+0.0100%	4h	0.01922	−0.052%	$3K	$1.2M	20x	as long as short