Funding arb · Price arb /

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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: Bitget against MEXC+0.091%7-day average +0.038% · 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−$78as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.091%, 7d avg +0.038%

Together, before fees+0.011%+$1 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 0.053% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LAYER_USDT	0.07707	0.0100	pay 0.0050% / 4h	2m 02s	$341K	$117K	20x
Short	Bitget LAYERUSDT	0.07714	0.0100	get 0.0050% / 4h	2m 02s	$1.1M	$166K	50x

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 +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.038%: $5.26
Slippage, 4 orders: −$70.95
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.69
Costs to cover: 0.829%
Break-even: never at this rate

Slippage from MEXC: live order book, 58 min ago; Bitget: live order book, 4 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, 58 min ago	1.96 bp	12.1 bp −$12	53.5 bp −$535	181.0 bp −$18.1K	doesn't fit
Sell Bitget live order book, 4 min ago	7.79 bp	31.5 bp −$31	95.9 bp −$959	doesn't fit	doesn't fit

LAYER 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
Kraken Futures PF_LAYERUSD	−0.0543%	1h	0.07712	+0.061%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.618%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0054%	4h	0.07705	−0.026%	$112K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07711	+0.048%	$594K	$169K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07711	+0.054%	$10K	$3K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07706	−0.010%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07701	−0.078%	$709K	$697K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07710	+0.039%	$137K	$55K	20x	as long as short
MEXC LAYER_USDTlong	+0.0100%	4h	0.07707	long leg	$341K	$117K	20x
Bitget LAYERUSDTshort	+0.0100%	4h	0.07714	+0.091%	$1.1M	$166K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07712	+0.065%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07710	+0.039%	$26K	$184K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07705	−0.024%	$2K	$174K	5x	as long as short