Funding arb · Price arb /

H

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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 0.000%

Price spread now: MEXC against Bitget−0.074%7-day average +0.181% · you buy dearer than you sell

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2332.330% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 7 days+0.371%+$37 · spread now −0.074%, 7d avg +0.181%

Together, before fees+0.610%+$61 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 0.256% cheaper against Bitget than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06737	0.0100	pay 0.0050% / 4h	1h 54m	$1.7M	$406K	4x
Short	MEXC H_USDT	0.06732	0.0100	get 0.0050% / 4h	1h 54m	$6.0M	$1.0M	20x

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

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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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → +0.181%: −$25.56
Slippage, 4 orders: −$216.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$258.51
Costs to cover: 2.330%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 1 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, 5 min ago	9.64 bp	104.0 bp −$104	548.0 bp −$5,480	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.49 bp	16.4 bp −$16	59.7 bp −$597	117.8 bp −$11.8K	doesn't fit

H on 14 exchanges

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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−7.229%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0053%	4h	0.06748	+0.163%	$580K	$99K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06735	−0.034%	$106K	$56K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06732	−0.079%	$14.2M	$10.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06718	−0.282%	$7.3M	$5.1M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06733	−0.059%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06725	−0.178%	$2.8M	$1.6M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06732	−0.074%	$6.0M	$1.0M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06730	−0.104%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06737	long leg	$1.7M	$406K	4x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06729	−0.119%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06726	−0.166%	$9K	$2K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06742	+0.074%	$1.1M	$411K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06728	−0.141%	$9K	$203K	5x	as long as short