Funding arb · Price arb /

TURBO

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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 Bybit+0.038%7-day average −0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1101.095% 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)+0.425%+$43 · spread now +0.038%, 7d avg −0.095%

Together, before fees+0.425%+$43 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 0.133% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000TURBOUSDT	0.001065	0.0100	pay 0.0050% / 4h	3h 38m	$386K	$799K	25x
Short	MEXC TURBO_USDT	0.001065	0.0100	get 0.0050% / 4h	3h 38m	$5.5M	$619K	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 +0.038%Rate

Funding earned: $0
Price spread: +0.038% → −0.095%: $13.26
Slippage, 4 orders: −$94.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$96.29
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from Bybit: live order book, 52 min ago; MEXC: 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 Bybit live order book, 52 min ago	7.93 bp	34.2 bp −$34	880.8 bp −$8,808	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.81 bp	24.8 bp −$25	52.2 bp −$522	64.7 bp −$6,471	113.5 bp −$56.7K

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0835%	1h	0.001064	−0.075%	$71K	$33K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.385%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001067	+0.197%	$314K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001065	+0.010%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001065	+0.018%	$2.9M	$6.7M	50x	as long as short
Bybit 1000TURBOUSDTlong	+0.0100%	4h	0.001065	long leg	$386K	$799K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001066	+0.103%	$900K	$2.4M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001065	+0.047%	$387K	$351K	25x	as long as short
MEXC TURBO_USDTshort	+0.0100%	4h	0.001065	+0.038%	$5.5M	$619K	20x
KuCoin TURBOUSDTM	+0.0100%	4h	0.001066	+0.150%	$1.8M	$965K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001065	+0.009%	$1.0M	$608K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001065	−0.019%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001065	+0.002%	$1K	$200K	5x	as long as short
BloFin TURBO-USDT	+0.0128%	4h	0.001066	+0.103%	$154K	$493K	75x	as long as short