Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.068%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.068% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TIA_USDT	0.4392	0.0100	pay 0.0050% / 4h	46m 00s	$12.0M	$6.5M	300x
Short	BingX TIA-USDC	0.4389	0.0100	get 0.0050% / 4h	46m 00s	—	$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 −0.068%Rate

Funding earned: $0
Price spread: −0.068% → 0.000%: −$6.83
Slippage, 4 orders: −$49.25
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.08
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 4 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, 2 min ago	1.14 bp	6.0 bp −$6	16.8 bp −$168	81.6 bp −$8,155	126.6 bp −$63.3K
Sell BingX live order book, 4 min ago	3.42 bp	22.5 bp −$23	60.4 bp −$604	459.7 bp −$46.0K	772.6 bp −$386.3K

TIA on 27 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
Bybit TIAUSDT	−0.0123%	4h	0.4390	−0.046%	$9.6M	$13.5M	50x	as long as short
Variational Omni TIA	−0.0089%	4h	0.4386	−0.144%	$103K	$85K	—	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4391	−0.023%	$31K	$27K	25x	as long as short
KuCoin TIAUSDTM	+0.0002%	4h	0.4389	−0.068%	$4.2M	$9.1M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4389	−0.071%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0043%	1h	0.4378	−0.319%	$49K	$231K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4397	+0.107%	$156K	$418K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4389	−0.068%	$5K	$279K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4396	+0.087%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4387	−0.111%	$32K	$245K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4392	+0.004%	$14.3M	$42.9M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4387	−0.114%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4392	0.000%	$995K	$1.8M	75x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4392	long leg	$12.0M	$6.5M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4390	−0.046%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDCshort	+0.0100%	4h	0.4389	−0.068%	—	$6.5M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4392	+0.009%	$105K	$157K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4383	−0.205%	$58K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4388	−0.100%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4390	−0.035%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0163%	1h	0.4383	−0.200%	$52K	$199	10x	as long as short
Kraken Futures PF_TIAUSD	+0.0165%	1h	0.4391	−0.029%	$359K	$195K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4385	−0.158%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4392	0.000%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4384	−0.182%	$1.6M	$728K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4394	+0.046%	$51K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0494% / S −0.1196%	1h	0.4389	−0.070%	$40K	—	100x	as long as short