Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.015%

Price spread now: MEXC against Bitget+0.082%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.082%, 7d avg +0.046%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.036% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STGUSDT	0.1219	0.0100	pay 0.0050% / 4h	56m 56s	$456K	$1.4M	50x
Short	MEXC STG_USDT	0.1220	0.0202	get 0.0202% / 8h	56m 56s	$269K	$84K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.082%Rate

Funding earned: $21.42
Price spread: +0.082% → +0.046%: $3.61
Slippage, 4 orders: −$78.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$69.35
Costs to cover: 0.944%
Break-even: 29.7 days

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 3 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 Bitget live order book, 5 min ago	8.21 bp	31.4 bp −$31	301.9 bp −$3,019	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	8.18 bp	17.8 bp −$18	153.3 bp −$1,533	389.0 bp −$38.9K	729.6 bp −$364.8K

STG 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
Aster STGUSDT	+0.0100%	4h	0.1221	+0.150%	$16K	$55K	5x	as long as short
Binance STGUSDT	+0.0100%	4h	0.1218	−0.082%	$2.7M	$5.9M	20x	as long as short
Gate STG_USDT	+0.0100%	4h	0.1219	0.000%	$105K	$181K	25x	as long as short
KuCoin STGUSDTM	+0.0100%	4h	0.1220	+0.082%	$769K	$161K	30x	as long as short
Bitget STGUSDTlong	+0.0100%	4h	0.1219	long leg	$456K	$1.4M	50x
Variational Omni STG	+0.0100%	8h	0.1220	+0.073%	$27K	$90K	—	as long as short
BingX STG-USDT	+0.0195%	4h	0.1219	0.000%	—	$1.2M	—	as long as short
MEXC STG_USDTshort	+0.0202%	8h	0.1220	+0.082%	$269K	$84K	20x
Bybit STGUSDT	+0.0210%	8h	0.1221	+0.156%	$1.1M	$2.3M	25x	as long as short
Kraken Futures PF_STGUSD	+0.1450%	1h	0.1221	+0.168%	$9K	$10K	10x	as long as short