Funding arb · Price arb /

SXT

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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 0.000%

Price spread now: BingX against MEXC0.000%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1431.435% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.055%−$5 · spread now 0.000%, 7d avg −0.026%

Together, before fees−0.050%−$5 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 0.026% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SXT_USDT	0.008885	0.0100	pay 0.0050% / 4h	3h 12m	$2.0M	$123K	50x
Short	BingX SXT-USDT	0.008885	0.0100	get 0.0050% / 4h	3h 12m	—	$6.5M	—

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.026%: $2.59
Slippage, 4 orders: −$129.46
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$140.87
Costs to cover: 1.435%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 8 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, 4 min ago	0.56 bp	37.4 bp −$37	80.7 bp −$807	233.1 bp −$23.3K	doesn't fit
Sell BingX live order book, 8 min ago	6.18 bp	40.7 bp −$41	101.2 bp −$1,012	886.8 bp −$88.7K	1304.9 bp −$652.5K

SXT on 9 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 SXT-USDT	+0.0041%	4h	0.008888	+0.034%	$111K	$12K	25x	as long as short
Aster SXTUSDT	+0.0100%	4h	0.008877	−0.086%	$6K	$245	5x	as long as short
Binance SXTUSDT	+0.0100%	4h	0.008884	−0.011%	$1.7M	$2.2M	25x	as long as short
Bybit SXTUSDT	+0.0100%	4h	0.008881	−0.045%	$553K	$313K	13x	as long as short
MEXC SXT_USDTlong	+0.0100%	4h	0.008885	long leg	$2.0M	$123K	50x
KuCoin SXTUSDTM	+0.0100%	4h	0.008910	+0.281%	$128K	$85K	25x	as long as short
Bitget SXTUSDT	+0.0100%	4h	0.008892	+0.079%	$482K	$116K	25x	as long as short
BingX SXT-USDTshort	+0.0100%	4h	0.008885	0.000%	—	$6.5M	—
Variational Omni SXT	+0.0100%	4h	0.008883	−0.023%	$438	$5K	—	as long as short