Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: MEXC against Bybit+0.092%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.092%, 7d avg +0.061%

Together, before fees+0.059%+$6 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 0.031% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007572	0.0100	pay 0.0050% / 4h	3h 05m	$1.2M	$1.6M	25x
Short	MEXC ALT_USDT	0.007579	0.0100	get 0.0050% / 4h	3h 05m	$417K	$187K	50x

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 +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.061%: $3.11
Slippage, 4 orders: −$63.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$75.2
Costs to cover: 0.783%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 50 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	3.96 bp	30.7 bp −$31	139.6 bp −$1,396	doesn't fit	doesn't fit
Sell MEXC live order book, 50 min ago	1.33 bp	8.1 bp −$8	52.9 bp −$529	261.2 bp −$26.1K	438.2 bp −$219.1K

ALT 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
Kraken Futures PF_ALTUSD	−0.0495%	1h	0.007582	+0.129%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0014%	1h	0.007577	+0.066%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007604	+0.423%	$827	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0057%	4h	0.007591	+0.251%	$172K	$10K	50x	as long as short
Variational Omni ALT	+0.0100%	4h	0.007567	−0.071%	$5K	$13K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007574	+0.026%	$1.1M	$181K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007578	+0.078%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007572	long leg	$1.2M	$1.6M	25x
Gate ALT_USDT	+0.0100%	8h	0.007573	+0.013%	$52K	$410K	25x	as long as short
MEXC ALT_USDTshort	+0.0100%	4h	0.007579	+0.092%	$417K	$187K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTM	+0.0100%	4h	0.007583	+0.145%	$149K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007579	+0.092%	$602K	$111K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007576	+0.053%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0392%	1h	0.007598	+0.343%	$14K	$3K	50x	as long as short