Funding arb · Price arb /

H

all H markets

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: BingX against MEXC+0.088%7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.158%−$16 · spread now +0.088%, 7d avg −0.087%

Together, before fees−0.157%−$16 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: BingX is 0.175% dearer against MEXC than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06829	0.0100	pay 0.0050% / 4h	3h 19m	$6.1M	$1.1M	20x
Short	BingX H-USDT	0.06835	0.0100	get 0.0050% / 4h	3h 19m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.087%: $17.47
Slippage, 4 orders: −$41.37
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$37.9
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 15 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, 3 min ago	1.46 bp	13.3 bp −$13	61.7 bp −$617	113.8 bp −$11.4K	doesn't fit
Sell BingX live order book, 15 min ago	2.19 bp	16.6 bp −$17	110.0 bp −$1,100	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.479%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06831	+0.033%	$112K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06828	−0.021%	$14.6M	$11.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06815	−0.205%	$7.5M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06827	−0.029%	$1.8M	$6.3M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06819	−0.146%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06829	long leg	$6.1M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06835	+0.088%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06821	−0.117%	$1.7M	$449K	4x	as long as short
BingX H-USDTshort	+0.0100%	4h	0.06835	+0.088%	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06830	+0.019%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06844	+0.220%	$1.1M	$433K	10x	as long as short
BloFin H-USDT	+0.0103%	4h	0.06843	+0.205%	$588K	$110K	25x	as long as short
Extended H-USD	+0.0104%	1h	0.06829	−0.007%	$9K	$108K	5x	as long as short