Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.241%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$920.923% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.202%−$20 · spread now +0.241%, 7d avg +0.039%

Together, before fees−0.201%−$20 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 0.202% dearer against MEXC than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TURBO_USDT	0.001080	0.0100	pay 0.0050% / 4h	3h 55m	$5.5M	$572K	20x
Short	Bitget TURBOUSDT	0.001083	0.0100	get 0.0050% / 4h	3h 55m	$1.1M	$512K	25x

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 +0.241%Rate

Funding earned: $0
Price spread: +0.241% → +0.039%: $20.17
Slippage, 4 orders: −$76.28
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.11
Costs to cover: 0.923%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 1 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	1.40 bp	20.9 bp −$21	51.3 bp −$513	63.7 bp −$6,373	95.2 bp −$47.6K
Sell Bitget live order book, 1 min ago	9.28 bp	29.0 bp −$29	120.5 bp −$1,205	doesn't fit	doesn't fit

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	−0.0191%	1h	0.001081	+0.040%	$69K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−1.055%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0058%	4h	0.001080	−0.037%	$156K	$450K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001082	+0.148%	$315K	$150K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001078	−0.205%	$10K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001080	+0.002%	$3.0M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001081	+0.019%	$399K	$738K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001084	+0.315%	$923K	$2.1M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001078	−0.250%	$393K	$275K	25x	as long as short
MEXC TURBO_USDTlong	+0.0100%	4h	0.001080	long leg	$5.5M	$572K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001080	−0.046%	$1.9M	$809K	20x	as long as short
Bitget TURBOUSDTshort	+0.0100%	4h	0.001083	+0.241%	$1.1M	$512K	25x
BingX TURBO-USDT	+0.0100%	4h	0.001082	+0.185%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001080	−0.071%	$3K	$167K	5x	as long as short