Funding arb · Price arb /

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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: MEXC against Bitget0.000%7-day average −0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1141.136% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days−0.282%−$28 · spread now 0.000%, 7d avg −0.118%

Together, before fees−0.409%−$41 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 0.118% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IOUSDT	0.1487	0.0100	pay 0.0050% / 4h	21m 30s	$1.4M	$978K	50x
Short	MEXC IO_USDT	0.1487	0.0100	get 0.0050% / 4h	21m 30s	$1.2M	$217K	125x

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

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 BitgetbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.118%: $11.81
Slippage, 4 orders: −$97.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$101.81
Costs to cover: 1.136%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 5 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	3.36 bp	35.8 bp −$36	185.0 bp −$1,850	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.37 bp	20.7 bp −$21	170.4 bp −$1,704	293.1 bp −$29.3K	doesn't fit

IO 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
Hyperliquid IO	+0.0100%	1h	0.1488	+0.067%	$1.0M	$274K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1488	+0.046%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1488	+0.067%	$3.0M	$5.0M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1486	−0.061%	$1.1M	$643K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1488	+0.040%	$230K	$473K	50x	as long as short
MEXC IO_USDTshort	+0.0100%	4h	0.1487	0.000%	$1.2M	$217K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1487	0.000%	$338K	$196K	50x	as long as short
Bitget IOUSDTlong	+0.0100%	4h	0.1487	long leg	$1.4M	$978K	50x
BingX IO-USDT	+0.0100%	4h	0.1488	+0.067%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1483	−0.254%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1488	+0.040%	$3K	$209K	5x	as long as short
BloFin IO-USDT	+0.0149%	4h	0.1488	+0.067%	$192K	$33K	50x	as long as short
Injective IO/USDC PERP	+0.0563%	1h	0.1492	+0.336%	$2K	$199	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.5949%	1h	0.1491	+0.296%	$38K	$7K	10x	as long as short