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 −0.020%

Price spread now: BingX against MEXC+0.133%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs+$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$870.868% of the position

Long on MEXC Short on BingX

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)−0.143%−$14 · spread now +0.133%, 7d avg −0.009%

Together, before fees+1.164%+$116 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: BingX is 0.143% dearer against MEXC than usual: you sell high and buy low, +$14 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	MEXC SKL_USDT	0.004501	0.0100	pay 0.0050% / 4h	1h 33m	$354K	$191K	20x
Short	BingX SKL-USDT	0.004507	0.0100	get 0.0050% / 4h	1h 33m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → −0.009%: $14.27
Slippage, 4 orders: −$72.76
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$72.49
Costs to cover: 0.868%
Break-even: never at this rate

Slippage from MEXC: live order book, 57 min ago; BingX: 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 MEXC live order book, 57 min ago	3.27 bp	14.5 bp −$14	61.0 bp −$610	199.3 bp −$19.9K	doesn't fit
Sell BingX live order book, 5 min ago	4.42 bp	28.9 bp −$29	75.7 bp −$757	538.7 bp −$53.9K	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	+0.0044%	4h	0.004519	+0.400%	$167K	$23K	50x	as long as short
Binance SKLUSDT	+0.0100%	4h	0.004504	+0.064%	$2.6M	$8.6M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004503	+0.044%	$852K	$978K	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004500	−0.022%	$171K	$226K	50x	as long as short
MEXC SKL_USDTlong	+0.0100%	4h	0.004501	long leg	$354K	$191K	20x
KuCoin SKLUSDTM	+0.0100%	4h	0.004509	+0.178%	$781K	$336K	30x	as long as short
Bitget SKLUSDT	+0.0100%	4h	0.004505	+0.089%	$482K	$788K	25x	as long as short
BingX SKL-USDTshort	+0.0100%	4h	0.004507	+0.133%	—	$2.3M	—
Variational Omni SKL	+0.0100%	8h	0.004516	+0.327%	$792	$1K	—	as long as short
Kraken Futures PF_SKLUSD	+0.2104%	1h	0.004523	+0.494%	$5K	$5K	10x	as long as short