Funding arb · Price arb /

SKL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.013%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.013%, 7d avg +0.040%

Together, before fees+0.105%+$10 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 0.027% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKLUSDT	0.004546	0.0100	pay 0.0050% / 4h	2h 15m	$2.6M	$8.6M	50x
Short	MEXC SKL_USDT	0.004547	0.0100	get 0.0050% / 4h	2h 15m	$360K	$195K	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 +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.040%: −$2.7
Slippage, 4 orders: −$70.75
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$87.45
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; MEXC: live order book, 15 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, 9 min ago	1.11 bp	22.0 bp −$22	52.2 bp −$522	doesn't fit	doesn't fit
Sell MEXC live order book, 15 min ago	3.27 bp	17.8 bp −$18	76.6 bp −$766	188.2 bp −$18.8K	doesn't fit

SKL 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
BloFin SKL-USDT	+0.0084%	4h	0.004539	−0.163%	$171K	$22K	50x	as long as short
Binance SKLUSDTlong	+0.0100%	4h	0.004546	long leg	$2.6M	$8.6M	50x
Bybit SKLUSDT	+0.0100%	8h	0.004541	−0.119%	$863K	$987K	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004540	−0.141%	$175K	$231K	50x	as long as short
MEXC SKL_USDTshort	+0.0100%	4h	0.004547	+0.013%	$360K	$195K	20x
KuCoin SKLUSDTM	+0.0100%	4h	0.004545	−0.031%	$797K	$343K	30x	as long as short
Bitget SKLUSDT	+0.0100%	4h	0.004547	+0.013%	$495K	$840K	25x	as long as short
BingX SKL-USDT	+0.0100%	4h	0.004543	−0.075%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004534	−0.278%	$795	$1K	—	as long as short
Kraken Futures PF_SKLUSD	+0.1904%	1h	0.004554	+0.169%	$5K	$5K	10x	as long as short