Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against BingX−0.046%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.104%+$10 · spread now −0.046%, 7d avg +0.036%

Together, before fees+0.027%+$3 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 0.082% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX S-USDT	0.04349	0.0100	pay 0.0050% / 4h	3h 29m	—	$6.9M	—
Short	MEXC S_USDT	0.04347	0.0100	get 0.0050% / 4h	3h 29m	$4.5M	$2.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.036%: −$8.21
Slippage, 4 orders: −$39.66
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$61.87
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 2 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 BingX live order book, 8 min ago	1.15 bp	15.8 bp −$16	58.5 bp −$585	452.6 bp −$45.3K	786.1 bp −$393.0K
Sell MEXC live order book, 2 min ago	2.32 bp	4.6 bp −$5	69.0 bp −$690	271.8 bp −$27.2K	doesn't fit

S on 25 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_SUSD	−0.2605%	1h	0.04356	+0.172%	$37K	$24K	10x	as long as short
01 Exchange SUSD	−0.1904%	1h	0.04180	−3.886%	$25K	$3K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−0.943%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04354	+0.106%	$2K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04351	+0.048%	$4	—	15x	as long as short
Variational Omni S	−0.0096%	4h	0.04314	−0.810%	$668K	$7K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04353	+0.102%	$671	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−5.725%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0070%	4h	0.04351	+0.046%	$108K	$634K	10x	as long as short
Lighter S	+0.0096%	1h	0.04355	+0.138%	$187K	$100K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04352	+0.062%	$1.1M	$741K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04351	+0.049%	$47K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04351	+0.050%	$6.3M	$17.1M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04340	−0.207%	$6.2M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04341	−0.184%	$1.2M	$5.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04346	−0.069%	$370K	$230K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.04347	−0.046%	$4.5M	$2.4M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04347	−0.046%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04346	−0.069%	$1.3M	$2.7M	50x	as long as short
BingX S-USDTlong	+0.0100%	4h	0.04349	long leg	—	$6.9M	—
ApeX Omni SUSDT	+0.0100%	1h	0.04300	−1.127%	$25K	$511K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04346	−0.077%	$242K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04326	−0.529%	$305K	$123K	75x	as long as short
Backpack S_USDC_PERP	+0.0416%	1h	0.04360	+0.253%	$102K	$474K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0668%	1h	0.04360	+0.253%	$73K	$11K	10x	as long as short