Funding arb · Price arb /

UB

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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: MEXC against Bybit+0.053%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1931.932% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.053%, 7d avg +0.089%

Together, before fees−0.023%−$2 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 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1498	0.0100	pay 0.0050% / 4h	2h 20m	$972K	$2.4M	20x
Short	MEXC UB_USDT	0.1499	0.0100	get 0.0050% / 4h	2h 20m	$696K	$666K	100x

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 +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.089%: −$3.53
Slippage, 4 orders: −$174.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$196.73
Costs to cover: 1.932%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 20 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, 1 min ago	0.33 bp	83.8 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 20 min ago	1.34 bp	14.2 bp −$14	77.5 bp −$775	246.1 bp −$24.6K	doesn't fit

UB 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
Binance UBUSDT	+0.0100%	4h	0.1499	+0.047%	$3.2M	$15.4M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1498	long leg	$972K	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1499	+0.040%	$1.5M	$13.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1498	−0.040%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDTshort	+0.0100%	4h	0.1499	+0.053%	$696K	$666K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1498	+0.005%	$1.1M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1498	+0.007%	$2.4M	$3.1M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1499	+0.013%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1498	−0.024%	$427	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1499	+0.048%	$38K	$270K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1500	+0.120%	$16K	$294K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1499	+0.046%	$5K	$208K	5x	as long as short
BloFin UB-USDT	+0.0138%	4h	0.1499	+0.027%	$160K	$853K	50x	as long as short
Aster UBUSDT	+0.0577%	4h	0.1501	+0.175%	$407K	$138K	5x	as long as short