Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC−0.029%7-day average −0.059% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now −0.029%, 7d avg −0.059%

Together, before fees−0.152%−$15 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: SunX is 0.029% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06800	0.0100	pay 0.0050% / 4h	1h 19m	$4.8M	$646K	50x
Short	SunX BASED-USDT	0.06798	0.0100	get 0.0050% / 4h	1h 19m	$2K	$805K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.059%: $2.92
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.08
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; SunX: live order book, 52 min ago. Net counts fees only.

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	2.94 bp	12.4 bp −$12	44.5 bp −$445	196.2 bp −$19.6K	775.2 bp −$387.6K
Sell SunX live order book, 52 min ago	501.22 bp	doesn't fit	doesn't fit	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
Binance BASEDUSDT	+0.0100%	4h	0.06801	+0.015%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06795	−0.074%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06796	−0.059%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06797	−0.044%	$540K	$528K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06800	long leg	$4.8M	$646K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06788	−0.176%	$569K	$106K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06803	+0.044%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06797	−0.044%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06794	−0.093%	$93K	$22K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06740	−0.881%	$97K	$354K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDTshort	+0.0100%	4h	0.06798	−0.029%	$2K	$805K	20x
Extended BASED-USD	+0.0104%	1h	0.06799	−0.022%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0126%	4h	0.06809	+0.132%	$252K	$38K	25x	as long as short
Aster BASEDUSDT	+0.0172%	4h	0.06798	−0.029%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0352%	4h	0.06797	−0.044%	$3K	$652	10x	as long as short