Funding arb · Price arb /

MVLL

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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: Bybit against MEXC+0.030%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

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

costs, in and out, $10k−$790.788% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.030%, 7d avg −0.037%

Together, before fees+0.025%+$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: Bybit is 0.066% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MVLL_USDT	33.730	0	get 0.0000% / 8h	1h 04m	$4.5M	$1.5M	20x
Short	Bybit MVLLUSDT	33.740	0	get 0.0000% / 8h	1h 04m	$512K	$436K	25x

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 +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.037%: $6.64
Slippage, 4 orders: −$67.8
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.16
Costs to cover: 0.788%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 30 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	5.91 bp	5.9 bp −$6	9.8 bp −$98	118.4 bp −$11.8K	265.7 bp −$132.9K
Sell Bybit live order book, 30 min ago	4.49 bp	51.4 bp −$51	187.4 bp −$1,874	doesn't fit	doesn't fit

MVLL on 9 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
Bitget MVLLUSDT	−0.1803%	8h	33.760	+0.089%	$786K	$930K	20x	as long as short
Binance MVLLUSDT	0.0000%	8h	33.746	+0.049%	$3.4M	$41.5M	20x	as long as short
Bybit MVLLUSDTshort	0.0000%	8h	33.740	+0.030%	$512K	$436K	25x
OKX MVLL-USDT-SWAP	0.0000%	8h	33.710	−0.059%	$802K	$1.3M	10x	as long as short
Gate MVLL_USDT	0.0000%	8h	33.730	0.000%	$487K	$1.6M	25x	as long as short
MEXC MVLL_USDTlong	0.0000%	8h	33.730	long leg	$4.5M	$1.5M	20x
Phemex MVLLUSDT	0.0000%	8h	33.720	−0.030%	$1.7M	$1.2M	10x	as long as short
KuCoin MVLLUSDTM	+0.0100%	8h	33.730	0.000%	$181K	$497K	20x	as long as short
HTX MVLL-USDT	+0.0100%	8h	33.740	+0.030%	$8K	$269K	10x	as long as short