Funding arb · Price arb /

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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: MEXC against Bitget−0.015%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$730.732% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.015%, 7d avg −0.038%

Together, before fees+0.049%+$5 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 0.023% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06862	0.0100	pay 0.0050% / 4h	1h 37m	$1.3M	$391K	25x
Short	MEXC BASED_USDT	0.06861	0.0100	get 0.0050% / 4h	1h 37m	$4.9M	$536K	50x

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 −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.038%: $2.29
Slippage, 4 orders: −$57.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70.86
Costs to cover: 0.732%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 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, 4 min ago	5.82 bp	24.9 bp −$25	133.2 bp −$1,332	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.18 bp	12.5 bp −$13	51.1 bp −$511	131.3 bp −$13.1K	617.9 bp −$309.0K

BASED on 15 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
Binance BASEDUSDT	+0.0100%	4h	0.06859	−0.044%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06847	−0.219%	$2.1M	$714K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06851	−0.160%	$2.7M	$3.9M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06853	−0.131%	$538K	$594K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06861	−0.015%	$4.9M	$536K	50x
Bitget BASEDUSDTlong	+0.0100%	4h	0.06862	long leg	$1.3M	$391K	25x
BingX BASED-USDT	+0.0100%	4h	0.06852	−0.146%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06860	−0.025%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06831	−0.446%	$99K	$376K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06852	−0.146%	$2K	$926K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BASED-USD	+0.0104%	1h	0.06861	−0.020%	$2K	$214K	5x	as long as short
BloFin BASED-USDT	+0.0135%	4h	0.06858	−0.058%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0152%	4h	0.06858	−0.056%	$29K	$6K	5x	as long as short
KuCoin BASEDUSDTM	+0.0196%	4h	0.06869	+0.102%	$584K	$71K	20x	as long as short
Orderly PERP_BASED_USDC	+0.0379%	4h	0.06859	−0.044%	$3K	$664	10x	as long as short