Funding arb · Price arb /

TAIKO

all TAIKO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Bybit+0.141%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1981.977% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.141%, 7d avg +0.085%

Together, before fees−0.178%−$18 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: MEXC is 0.056% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAIKOUSDT	0.09242	0.0100	pay 0.0100% / 8h	1h 34m	$1.1M	$819K	20x
Short	MEXC TAIKO_USDT	0.09255	0.0100	get 0.0050% / 4h	1h 34m	$428K	$94K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → +0.085%: $5.58
Slippage, 4 orders: −$182.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$192.12
Costs to cover: 1.977%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 61 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 Bybit live order book, 1 min ago	2.70 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 61 min ago	3.81 bp	42.6 bp −$43	193.3 bp −$1,933	373.8 bp −$37.4K	908.5 bp −$454.2K

TAIKO 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
Injective TAIKO/USDC PERP	+0.0033%	1h	0.09080	−1.753%	$82	$44K	5.5x	as long as short
Aster TAIKOUSDT	+0.0100%	4h	0.09253	+0.123%	$2K	$1K	5x	as long as short
Binance TAIKOUSDT	+0.0100%	4h	0.09254	+0.130%	$1.4M	$1.9M	20x	as long as short
Bybit TAIKOUSDTlong	+0.0100%	8h	0.09242	long leg	$1.1M	$819K	20x
Gate TAIKO_USDT	+0.0100%	4h	0.09240	−0.022%	$136K	$279K	50x	as long as short
MEXC TAIKO_USDTshort	+0.0100%	4h	0.09255	+0.141%	$428K	$94K	20x
KuCoin TAIKOUSDTM	+0.0100%	4h	0.09260	+0.195%	$380K	$33K	20x	as long as short
Bitget TAIKOUSDT	+0.0100%	4h	0.09251	+0.097%	$931K	$115K	20x	as long as short
Variational Omni TAIKO	+0.0100%	8h	0.09243	+0.015%	$2K	$2K	—	as long as short
BingX TAIKO-USDT	+0.0200%	4h	0.09256	+0.151%	—	$2.4M	—	as long as short