Funding arb · Price arb /

BB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: MEXC against Bybit−0.011%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

costs, in and out, $10k−$2672.668% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now −0.011%, 7d avg −0.098%

Together, before fees−0.194%−$19 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 0.087% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BBUSDT	0.009023	0.0100	pay 0.0050% / 4h	3h 35m	$679K	$811K	25x
Short	MEXC BB_USDT	0.009022	0.0100	get 0.0050% / 4h	3h 35m	$1.4M	$543K	100x

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 −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.098%: $8.68
Slippage, 4 orders: −$251.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$258.12
Costs to cover: 2.668%
Break-even: never at this rate

Slippage from Bybit: live order book, 59 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 Bybit live order book, 59 min ago	3.34 bp	116.4 bp −$116	714.2 bp −$7,142	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.66 bp	13.0 bp −$13	72.3 bp −$723	257.3 bp −$25.7K	567.4 bp −$283.7K

BB on 9 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_BBUSD	−0.1184%	1h	0.009010	−0.140%	$21K	$3K	10x	as long as short
Aster BBUSDT	+0.0100%	4h	0.009028	+0.059%	$14K	$13K	5x	as long as short
Binance BBUSDT	+0.0100%	4h	0.009021	−0.022%	$3.3M	$7.0M	50x	as long as short
Bybit BBUSDTlong	+0.0100%	4h	0.009023	long leg	$679K	$811K	25x
Gate BB_USDT	+0.0100%	4h	0.009000	−0.255%	$133K	$226K	50x	as long as short
MEXC BB_USDTshort	+0.0100%	4h	0.009022	−0.011%	$1.4M	$543K	100x
KuCoin BBUSDTM	+0.0100%	4h	0.009040	+0.188%	$438K	$101K	50x	as long as short
Bitget BBUSDT	+0.0100%	4h	0.009020	−0.033%	$332K	$521K	50x	as long as short
BingX BB-USDT	+0.0100%	4h	0.009026	+0.033%	—	$1.3M	—	as long as short