Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h +0.052%

Price spread now: Bybit against MEXC+0.023%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.023%, 7d avg −0.027%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.050% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1476	−0.0162	get 0.0081% / 4h	3h 49m	$6.8M	$132K	100x
Short	Bybit EURUSDUSDT	1.1479	0	get 0.0000% / 8h	3h 49m	$585K	$223K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.023%Rate

Funding earned: $34.02
Price spread: +0.023% → −0.027%: $5
Slippage, 4 orders: −$20.2
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.18
Costs to cover: 0.392%
Break-even: 7.0 days

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 61 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, 3 min ago	0.44 bp	5.0 bp −$5	5.3 bp −$53	39.2 bp −$3,924	136.6 bp −$68.3K
Sell Bybit live order book, 61 min ago	4.49 bp	10.0 bp −$10	33.1 bp −$331	doesn't fit	doesn't fit

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
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1473	−0.027%	$3K	—	50x	as long as short
Hibachi EUR/USDT-P	−0.0168%	1h	1.1472	−0.036%	$165K	$8.3M	30x	as long as short
MEXC EUR_USDTlong	−0.0162%	4h	1.1476	long leg	$6.8M	$132K	100x
Lighter EURUSD	0.0000%	1h	1.1484	+0.071%	$2.1M	$412K	50x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1479	+0.023%	$585K	$223K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1478	+0.017%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1478	+0.017%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1473	−0.026%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1481	+0.044%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1483	+0.061%	$12K	$263K	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	+0.0028%	1h	1.1476	+0.002%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1473	−0.025%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.084%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1505	+0.253%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1477	+0.009%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	+0.040%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0160%	1h	1.1480	+0.035%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0202%	1h	1.1480	+0.035%	$23.3M	$1.8M	50x	as long as short