Funding arb · Price arb /

SXT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.067%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1611.610% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.067%, 7d avg −0.012%

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 0.056% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SXT_USDT	0.008905	0.0100	pay 0.0050% / 4h	21m 16s	$2.0M	$123K	50x
Short	Bitget SXTUSDT	0.008899	0.0100	get 0.0050% / 4h	21m 16s	$482K	$104K	25x

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 −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.012%: −$5.57
Slippage, 4 orders: −$145.02
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$166.59
Costs to cover: 1.610%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Bitget: live order book, 30 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, just now	3.93 bp	33.2 bp −$33	90.7 bp −$907	doesn't fit	doesn't fit
Sell Bitget live order book, 30 min ago	8.46 bp	40.4 bp −$40	227.0 bp −$2,270	doesn't fit	doesn't fit

SXT on 9 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
BloFin SXT-USDT	+0.0079%	4h	0.008907	+0.022%	$111K	$12K	25x	as long as short
Aster SXTUSDT	+0.0100%	4h	0.008911	+0.065%	$6K	$245	5x	as long as short
Binance SXTUSDT	+0.0100%	4h	0.008907	+0.022%	$1.7M	$2.2M	25x	as long as short
Bybit SXTUSDT	+0.0100%	4h	0.008897	−0.090%	$553K	$318K	13x	as long as short
MEXC SXT_USDTlong	+0.0100%	4h	0.008905	long leg	$2.0M	$123K	50x
KuCoin SXTUSDTM	+0.0100%	4h	0.008920	+0.168%	$128K	$86K	25x	as long as short
Bitget SXTUSDTshort	+0.0100%	4h	0.008899	−0.067%	$482K	$104K	25x
BingX SXT-USDT	+0.0100%	4h	0.008904	−0.011%	—	$6.5M	—	as long as short
Variational Omni SXT	+0.0100%	4h	0.008883	−0.243%	$437	$4K	—	as long as short