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: Bitget against MEXC−0.208%7-day average −0.181% · you buy dearer than you sell

Net, funding: paid 7d − costs−$436as in the Funding arb table

Net, price: spread back to 7d avg − costs−$415as in the Price arb table

costs, in and out, $10k−$4124.123% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.092%−$9 · spread now −0.208%, 7d avg −0.181%

Together, before fees−0.331%−$33 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 0.026% cheaper against MEXC than usual: you would sell low and buy high, −$3 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	MEXC H_USDT	0.06739	0.0100	pay 0.0050% / 4h	3h 31m	$6.0M	$1.2M	20x
Short	Bitget HUSDT	0.06725	0.0100	get 0.0050% / 4h	3h 31m	$1.7M	$422K	4x

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

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 BitgetbpOrdersPrice spread, now −0.208%Rate

Funding earned: $0
Price spread: −0.208% → −0.181%: −$2.64
Slippage, 4 orders: −$396.25
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$414.89
Costs to cover: 4.123%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Bitget: 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 MEXC live order book, 6 min ago	2.21 bp	12.7 bp −$13	61.5 bp −$615	114.3 bp −$11.4K	doesn't fit
Sell Bitget live order book, 1 min ago	5.94 bp	174.3 bp −$174	513.7 bp −$5,137	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	−7.256%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06728	−0.166%	$108K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06737	−0.029%	$14.3M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06725	−0.211%	$7.4M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06745	+0.089%	$1.7M	$6.2M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06728	−0.163%	$2.8M	$1.7M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06739	long leg	$6.0M	$1.2M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06730	−0.134%	$1.5M	$10.1M	8x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.06725	−0.208%	$1.7M	$422K	4x
BingX H-USDT	+0.0100%	4h	0.06738	−0.015%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06788	+0.733%	$9K	$3K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06803	+0.953%	$1.1M	$423K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06735	−0.061%	$10K	$206K	5x	as long as short
BloFin H-USDT	+0.0137%	4h	0.06722	−0.252%	$581K	$102K	25x	as long as short