Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.052%

Price spread now: MEXC against Bitget0.000%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now 0.000%, 7d avg +0.103%

Together, before fees−0.291%−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.103% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.103%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1478	0	get 0.0000% / 8h	3h 27m	$253K	$21K	100x
Short	MEXC EUR_USDT	1.1478	−0.0114	pay 0.0057% / 4h	3h 27m	$6.8M	$133K	100x

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

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$23.94
Price spread: 0.000% → +0.103%: −$10.3
Slippage, 4 orders: −$4.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$59.16
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Bitget: live order book, 17 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 Bitget live order book, 17 min ago	1.31 bp	7.5 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.44 bp	4.9 bp −$5	5.5 bp −$55	42.6 bp −$4,257	153.2 bp −$76.6K

EUR on 18 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
Hibachi EUR/USDT-P	−0.0240%	1h	1.1472	−0.053%	$169K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1474	−0.036%	$3K	—	50x	as long as short
MEXC EUR_USDTshort	−0.0114%	4h	1.1478	0.000%	$6.8M	$133K	100x
Lighter EURUSD	0.0000%	1h	1.1486	+0.066%	$2.1M	$415K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1480	+0.017%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1479	+0.009%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1478	long leg	$253K	$21K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1475	−0.026%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1482	+0.035%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1481	+0.026%	$12K	$264K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0012%	1h	1.1479	+0.006%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1475	−0.022%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.101%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1507	+0.256%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	0.000%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	+0.039%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0136%	1h	1.1482	+0.035%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0182%	1h	1.1481	+0.026%	$23.3M	$1.6M	50x	as long as short