Settings8H · net · $10k
Funding arb · Price arb /

WAXP

all WAXP markets
SwapBacktest
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 Bitget−0.164%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1000.998% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.164%, 7d avg −0.031%
Together, before fees+0.122%+$12 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% cheaper against Bitget than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget WAXPUSDT0.0054890.0100pay 0.0050% / 4h2h 18m$239K$120K25x
ShortMEXC WAXP_USDT0.0054800.0100get 0.0050% / 4h2h 18m$105K$96K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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

Funding earned
$0
Price spread: −0.164% → −0.031%
−$13.31
Slippage, 4 orders
−$83.76
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$113.08
Costs to cover
0.998%
Break-even
never at this rate
Slippage from Bitget: live order book, 21 min ago; MEXC: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 21 min ago8.24 bp31.9 bp −$32429.1 bp −$4,291doesn't fitdoesn't fit
Sell MEXC live order book, 62 min ago1.81 bp10.2 bp −$1073.8 bp −$738254.0 bp −$25.4Kdoesn't fit

WAXP on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance WAXPUSDT+0.0100%4h0.005479−0.182%$1.0M$960K25xas long as short
Bybit WAXPUSDT+0.0100%4h0.005476−0.237%$496K$124K25xas long as short
Gate WAXP_USDT+0.0100%4h0.005456−0.601%$94K$29K20xas long as short
MEXC WAXP_USDTshort+0.0100%4h0.005480−0.164%$105K$96K20x
KuCoin WAXPUSDTM+0.0100%4h0.005470−0.346%$207K$30K20xas long as short
Bitget WAXPUSDTlong+0.0100%4h0.005489long leg$239K$120K25x
BingX WAXP-USDT+0.0100%4h0.005483−0.109%$2.3Mas long as short