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 −0.035%

Price spread now: Bitget against MEXC+0.022%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1111.115% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.022%, 7d avg −0.030%

Together, before fees+0.152%+$15 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: Bitget is 0.052% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKL_USDT	0.004520	0.0100	pay 0.0050% / 4h	1h 36m	$356K	$191K	20x
Short	Bitget SKLUSDT	0.004521	0.0100	get 0.0050% / 4h	1h 36m	$485K	$797K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.030%: $5.23
Slippage, 4 orders: −$95.48
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$106.24
Costs to cover: 1.115%
Break-even: never at this rate

Slippage from MEXC: live order book, 54 min ago; Bitget: live order book, 39 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, 54 min ago	3.27 bp	14.5 bp −$14	61.0 bp −$610	199.3 bp −$19.9K	doesn't fit
Sell Bitget live order book, 39 min ago	3.30 bp	38.9 bp −$39	150.2 bp −$1,502	doesn't fit	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	+0.0078%	4h	0.004526	+0.133%	$168K	$22K	50x	as long as short
Binance SKLUSDT	+0.0100%	4h	0.004520	+0.001%	$2.6M	$8.5M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004519	−0.022%	$854K	$978K	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004520	0.000%	$170K	$226K	50x	as long as short
MEXC SKL_USDTlong	+0.0100%	4h	0.004520	long leg	$356K	$191K	20x
KuCoin SKLUSDTM	+0.0100%	4h	0.004528	+0.177%	$784K	$336K	30x	as long as short
Bitget SKLUSDTshort	+0.0100%	4h	0.004521	+0.022%	$485K	$797K	25x
BingX SKL-USDT	+0.0100%	4h	0.004524	+0.088%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004523	+0.060%	$792	$1K	—	as long as short
Kraken Futures PF_SKLUSD	+0.2104%	1h	0.004524	+0.078%	$5K	$5K	10x	as long as short