Funding arb · Price arb /

INIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.197%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$860.857% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.197%, 7d avg +0.137%

Together, before fees−0.002%$0 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 0.059% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INITUSDT	0.08131	0.0100	pay 0.0050% / 4h	6m 14s	$1.4M	$1.4M	25x
Short	MEXC INIT_USDT	0.08147	0.0100	get 0.0050% / 4h	6m 14s	$443K	$217K	20x

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 +0.197%Rate

Funding earned: $0
Price spread: +0.197% → +0.137%: $5.93
Slippage, 4 orders: −$70.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$79.73
Costs to cover: 0.857%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 21 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, 4 min ago	3.07 bp	35.3 bp −$35	94.6 bp −$946	doesn't fit	doesn't fit
Sell MEXC live order book, 21 min ago	1.23 bp	5.0 bp −$5	37.4 bp −$374	216.3 bp −$21.6K	doesn't fit

INIT on 13 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
Hyperliquid INIT	+0.0100%	1h	0.08142	+0.132%	$295K	$239K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08136	+0.066%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08147	+0.195%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDTlong	+0.0100%	4h	0.08131	long leg	$1.4M	$1.4M	25x
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08142	+0.135%	$132K	$634K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08138	+0.086%	$83K	$56K	25x	as long as short
MEXC INIT_USDTshort	+0.0100%	4h	0.08147	+0.197%	$443K	$217K	20x
KuCoin INITUSDTM	+0.0100%	4h	0.08142	+0.135%	$324K	$56K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08143	+0.148%	$425K	$312K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08140	+0.111%	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	0.08127	−0.050%	$26K	$23K	—	as long as short
BloFin INIT-USDT	+0.0115%	4h	0.08145	+0.172%	$157K	$109K	25x	as long as short
Kraken Futures PF_INITUSD	+0.0397%	1h	0.08149	+0.216%	$6K	$18K	10x	as long as short