Funding arb · Price arb /

H

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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: Bybit against MEXC−0.072%7-day average −0.275% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 7 days−0.210%−$21 · spread now −0.072%, 7d avg −0.275%

Together, before fees−0.472%−$47 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: Bybit is 0.203% dearer against MEXC than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.275%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06929	0.0100	pay 0.0050% / 4h	1h 06m	$6.2M	$1.1M	20x
Short	Bybit HUSDT	0.06924	0.0100	get 0.0050% / 4h	1h 06m	$7.6M	$4.6M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.275%: $20.28
Slippage, 4 orders: −$91.24
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$85.96
Costs to cover: 1.062%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Bybit: live order book, 7 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	1.45 bp	11.3 bp −$11	61.1 bp −$611	124.1 bp −$12.4K	466.7 bp −$233.4K
Sell Bybit live order book, 7 min ago	5.08 bp	38.3 bp −$38	194.5 bp −$1,945	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	−9.799%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06923	−0.081%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06931	+0.032%	$14.9M	$10.5M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06924	−0.072%	$7.6M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06939	+0.144%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06925	−0.058%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06929	long leg	$6.2M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06927	−0.029%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06926	−0.043%	$1.7M	$447K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06927	−0.029%	—	$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	0.06892	−0.540%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06933	+0.060%	$1.2M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06930	+0.012%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0131%	4h	0.06928	−0.014%	$586K	$115K	25x	as long as short