Funding arb · Price arb /

NOT

all NOT markets

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 −0.004%

Price spread now: Bybit against MEXC−0.060%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$960.964% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.060%, 7d avg −0.092%

Together, before fees+0.036%+$4 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 0.032% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOT_USDT	0.0004982	0.0100	pay 0.0050% / 4h	2h 28m	$1.3M	$450K	200x
Short	Bybit NOTUSDT	0.0004979	0.0100	get 0.0050% / 4h	2h 28m	$2.1M	$892K	25x

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 −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.092%: $3.21
Slippage, 4 orders: −$81.42
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$93.21
Costs to cover: 0.964%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	4.01 bp	9.8 bp −$10	42.0 bp −$420	92.4 bp −$9,238	115.6 bp −$57.8K
Sell Bybit live order book, 3 min ago	4.01 bp	35.7 bp −$36	151.5 bp −$1,515	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0178%	4h	0.0004984	+0.045%	$71K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0106%	4h	0.0004989	+0.141%	$476K	$137K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.168%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0094%	4h	0.0004998	+0.321%	$109K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0004997	+0.311%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004980	−0.040%	$335K	$68K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0004987	+0.110%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0004984	+0.040%	$2.0M	$3.1M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0004979	−0.060%	$2.1M	$892K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0004983	+0.020%	$632K	$694K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005000	+0.361%	$138K	$73K	50x	as long as short
MEXC NOT_USDTlong	+0.0100%	4h	0.0004982	long leg	$1.3M	$450K	200x
Bitget NOTUSDT	+0.0100%	4h	0.0004987	+0.100%	$652K	$483K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0004987	+0.100%	—	$8.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0004981	−0.020%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1693%	1h	0.0005001	+0.372%	$49K	$9K	10x	as long as short