Funding arb · Price arb /

SKL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against MEXC0.000%7-day average −0.039% · 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−$89as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on MEXC Short on Binance

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)−0.146%−$15 · spread now 0.000%, 7d avg −0.039%

Together, before fees−0.131%−$13 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: Binance is 0.039% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKL_USDT	0.004455	0.0100	pay 0.0050% / 4h	1h 30m	$324K	$175K	20x
Short	Binance SKLUSDT	0.004455	0.0100	get 0.0050% / 4h	1h 30m	$2.6M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.039%: $3.91
Slippage, 4 orders: −$79.04
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.13
Costs to cover: 0.930%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Binance: live order book, 16 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 MEXC live order book, 6 min ago	1.12 bp	14.7 bp −$15	70.0 bp −$700	208.6 bp −$20.9K	doesn't fit
Sell Binance live order book, 16 min ago	1.12 bp	31.3 bp −$31	75.5 bp −$755	doesn't fit	doesn't fit

SKL on 10 exchanges

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	+0.0082%	4h	0.004456	+0.022%	$168K	$20K	50x	as long as short
Binance SKLUSDTshort	+0.0100%	4h	0.004455	0.000%	$2.6M	$7.3M	50x
Bybit SKLUSDT	+0.0100%	8h	0.004456	+0.022%	$809K	$889K	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004450	−0.112%	$155K	$198K	50x	as long as short
MEXC SKL_USDTlong	+0.0100%	4h	0.004455	long leg	$324K	$175K	20x
KuCoin SKLUSDTM	+0.0100%	4h	0.004456	+0.022%	$763K	$249K	30x	as long as short
Bitget SKLUSDT	+0.0100%	4h	0.004451	−0.090%	$474K	$735K	25x	as long as short
BingX SKL-USDT	+0.0100%	4h	0.004451	−0.090%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004465	+0.221%	$688	$1K	—	as long as short
Kraken Futures PF_SKLUSD	+0.2268%	1h	0.004443	−0.271%	$4K	$6K	10x	as long as short