Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX−0.188%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$840.842% of the position

Long on BingX 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 7 days+0.126%+$13 · spread now −0.188%, 7d avg −0.047%

Together, before fees+0.126%+$13 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 0.141% cheaper against BingX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TURBO-USDT	0.001066	0.0100	pay 0.0050% / 4h	2h 20m	—	$9.6M	—
Short	MEXC TURBO_USDT	0.001064	0.0100	get 0.0050% / 4h	2h 20m	$5.6M	$619K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee MEXCbpOrdersPrice spread, now −0.188%Rate

Funding earned: $0
Price spread: −0.188% → −0.047%: −$14.09
Slippage, 4 orders: −$70.22
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$98.31
Costs to cover: 0.842%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 5 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 BingX live order book, 11 min ago	8.02 bp	21.8 bp −$22	56.5 bp −$565	464.0 bp −$46.4K	627.3 bp −$313.6K
Sell MEXC live order book, 5 min ago	1.88 bp	22.4 bp −$22	52.2 bp −$522	64.6 bp −$6,464	99.1 bp −$49.5K

TURBO on 14 exchanges

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
Kraken Futures PF_TURBOUSD	−0.1998%	1h	0.001065	−0.085%	$71K	$32K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.291%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0089%	4h	0.001066	−0.009%	$153K	$501K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001066	+0.009%	$312K	$182K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001066	−0.027%	$10K	$22K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001065	−0.098%	$2.9M	$6.8M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001067	+0.066%	$382K	$794K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001066	+0.019%	$904K	$2.4M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001067	+0.066%	$391K	$360K	25x	as long as short
MEXC TURBO_USDTshort	+0.0100%	4h	0.001064	−0.188%	$5.6M	$619K	20x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001066	+0.009%	$1.0M	$620K	25x	as long as short
BingX TURBO-USDTlong	+0.0100%	4h	0.001066	long leg	—	$9.6M	—
Extended TURBO-USD	+0.0104%	1h	0.001065	−0.127%	$3K	$194K	5x	as long as short
KuCoin TURBOUSDTM	+0.0198%	4h	0.001067	+0.103%	$1.9M	$985K	20x	as long as short