Funding arb · Price arb /

ATH

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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 −0.015%

Price spread now: Bybit against MEXC−0.238%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$980.975% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.238%, 7d avg −0.168%

Together, before fees+0.097%+$10 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 0.070% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ATH_USDT	0.005472	0.0100	pay 0.0050% / 4h	3h 25m	$8.9M	$645K	50x
Short	Bybit ATHUSDT	0.005459	0.0100	get 0.0050% / 4h	3h 25m	$4.3M	$2.6M	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 −0.238%Rate

Funding earned: $0
Price spread: −0.238% → −0.168%: −$7
Slippage, 4 orders: −$78.5
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.5
Costs to cover: 0.975%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	0.91 bp	15.4 bp −$15	62.1 bp −$621	189.8 bp −$19.0K	doesn't fit
Sell Bybit live order book, 2 min ago	4.58 bp	33.0 bp −$33	129.2 bp −$1,292	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.2153%	1h	0.005466	−0.104%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0085%	4h	0.005459	−0.229%	$183K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005481	+0.163%	$11K	$58	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005470	−0.045%	$4K	$42K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005470	−0.034%	$3.3M	$4.2M	50x	as long as short
Bybit ATHUSDTshort	+0.0100%	4h	0.005459	−0.238%	$4.3M	$2.6M	25x
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005458	−0.256%	$700K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005457	−0.274%	$781K	$589K	30x	as long as short
MEXC ATH_USDTlong	+0.0100%	4h	0.005472	long leg	$8.9M	$645K	50x
KuCoin ATHUSDTM	+0.0100%	4h	0.005467	−0.091%	$552K	$78K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005465	−0.128%	$1.5M	$874K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005466	−0.110%	—	$21.4M	—	as long as short
BloFin ATH-USDT	+0.0148%	4h	0.005478	+0.110%	$165K	$68K	75x	as long as short