Funding arb · Price arb /

TOSHI

all TOSHI markets

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 +0.083%

Price spread now: Bitget against MEXC+0.155%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1301.305% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.155%, 7d avg +0.121%

Together, before fees+0.069%+$7 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 0.035% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TOSHI_USDT	0.0001290	0.0100	pay 0.0050% / 4h	29m 28s	$582K	$180K	50x
Short	Bitget TOSHIUSDT	0.0001292	0.0100	get 0.0050% / 4h	29m 28s	$555K	$462K	20x

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 +0.155%Rate

Funding earned: $0
Price spread: +0.155% → +0.121%: $3.45
Slippage, 4 orders: −$110.45
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$127
Costs to cover: 1.305%
Break-even: never at this rate

Slippage from MEXC: live order book, 20 min ago; Bitget: live order book, 25 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, 20 min ago	3.91 bp	16.0 bp −$16	68.6 bp −$686	339.7 bp −$34.0K	doesn't fit
Sell Bitget live order book, 25 min ago	7.80 bp	48.8 bp −$49	308.0 bp −$3,080	doesn't fit	doesn't fit

TOSHI 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
Aster TOSHIUSDT	+0.0100%	4h	0.0001293	+0.209%	$49K	$24K	5x	as long as short
Binance TOSHIUSDT	+0.0100%	4h	0.0001290	0.000%	$1.1M	$1.9M	50x	as long as short
Bybit 1000TOSHIUSDT	+0.0100%	4h	0.0001294	+0.310%	$685K	$532K	25x	as long as short
Gate TOSHI_USDT	+0.0100%	8h	0.0001290	0.000%	$160K	$40K	50x	as long as short
MEXC TOSHI_USDTlong	+0.0100%	4h	0.0001290	long leg	$582K	$180K	50x
KuCoin TOSHIUSDTM	+0.0100%	4h	0.0001291	+0.070%	$145K	$20K	30x	as long as short
Bitget TOSHIUSDTshort	+0.0100%	4h	0.0001292	+0.155%	$555K	$462K	20x
BingX TOSHI-USDT	+0.0100%	4h	0.0001292	+0.155%	—	$6.5M	—	as long as short
BloFin TOSHI-USDT	+0.0129%	4h	0.0001288	−0.155%	$74K	$14K	50x	as long as short