Funding arb · Price arb /

SKL

all SKL markets

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 +0.020%

Price spread now: MEXC against BingX+0.044%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$920.924% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−1.307%−$131 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.044%, 7d avg +0.009%

Together, before fees−1.384%−$138 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 0.034% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKL-USDT	0.004593	0.0100	pay 0.0050% / 4h	3h 30m	—	$2.3M	—
Short	MEXC SKL_USDT	0.004595	0.0100	get 0.0050% / 4h	3h 30m	$392K	$190K	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 +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.009%: $3.42
Slippage, 4 orders: −$78.37
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$88.94
Costs to cover: 0.924%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; MEXC: live order book, 5 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, 3 min ago	7.63 bp	27.4 bp −$27	60.1 bp −$601	688.6 bp −$68.9K	doesn't fit
Sell MEXC live order book, 5 min ago	1.09 bp	19.3 bp −$19	80.0 bp −$800	223.9 bp −$22.4K	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	+0.0056%	4h	0.004590	−0.065%	$183K	$27K	50x	as long as short
Binance SKLUSDT	+0.0100%	4h	0.004596	+0.073%	$2.8M	$8.4M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004598	+0.109%	$885K	$955K	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004590	−0.065%	$183K	$219K	50x	as long as short
MEXC SKL_USDTshort	+0.0100%	4h	0.004595	+0.044%	$392K	$190K	20x
KuCoin SKLUSDTM	+0.0100%	4h	0.004601	+0.174%	$821K	$341K	30x	as long as short
Bitget SKLUSDT	+0.0100%	4h	0.004594	+0.022%	$483K	$814K	25x	as long as short
BingX SKL-USDTlong	+0.0100%	4h	0.004593	long leg	—	$2.3M	—
Variational Omni SKL	+0.0100%	8h	0.004595	+0.048%	$705	$1K	—	as long as short
Kraken Futures PF_SKLUSD	+0.2099%	1h	0.004601	+0.179%	$5K	$5K	10x	as long as short