Funding arb · Price arb /

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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 0.000%

Price spread now: Bitget against MEXC+0.117%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$710.714% of the position

Long on MEXC Short on Bitget

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−0.117%−$12 · spread now +0.117%, 7d avg +0.037%

Together, before fees−0.138%−$14 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: Bitget is 0.080% dearer against MEXC than usual: you sell high and buy low, +$8 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 BASED_USDT	0.06829	0.0100	pay 0.0050% / 4h	1h 41m	$4.9M	$611K	50x
Short	Bitget BASEDUSDT	0.06837	0.0100	get 0.0050% / 4h	1h 41m	$1.3M	$377K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.037%: $8
Slippage, 4 orders: −$55.44
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.44
Costs to cover: 0.714%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Bitget: 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 MEXC live order book, 6 min ago	2.93 bp	11.1 bp −$11	37.0 bp −$370	191.1 bp −$19.1K	733.2 bp −$366.6K
Sell Bitget live order book, 5 min ago	6.59 bp	23.5 bp −$24	104.0 bp −$1,040	doesn't fit	doesn't fit

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
BloFin BASED-USDT	+0.0079%	4h	0.06833	+0.059%	$260K	$47K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06831	+0.026%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06824	−0.073%	$2.1M	$663K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06828	−0.015%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06825	−0.059%	$534K	$575K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06829	long leg	$4.9M	$611K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06830	+0.015%	$566K	$74K	20x	as long as short
Bitget BASEDUSDTshort	+0.0100%	4h	0.06837	+0.117%	$1.3M	$377K	25x
BingX BASED-USDT	+0.0100%	4h	0.06831	+0.029%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06816	−0.195%	$94K	$15K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06826	−0.041%	$96K	$368K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06829	0.000%	$2K	$878K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06825	−0.065%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0156%	4h	0.06828	−0.010%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0237%	4h	0.06827	−0.029%	$3K	$664	10x	as long as short