Funding arb · Price arb /

UB

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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: MEXC against Bybit+0.277%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$2032.035% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.419%−$42 · spread now +0.277%, 7d avg +0.087%

Together, before fees−0.389%−$39 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 0.190% dearer against Bybit than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1440	0.0100	pay 0.0050% / 4h	1h 30m	$961K	$2.6M	20x
Short	MEXC UB_USDT	0.1444	0.0100	get 0.0050% / 4h	1h 30m	$584K	$679K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.277%Rate

Funding earned: $0
Price spread: +0.277% → +0.087%: $19.01
Slippage, 4 orders: −$184.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$184.45
Costs to cover: 2.035%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 24 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 Bybit live order book, 1 min ago	4.52 bp	91.0 bp −$91	580.7 bp −$5,807	doesn't fit	doesn't fit
Sell MEXC live order book, 24 min ago	0.68 bp	9.5 bp −$10	70.9 bp −$709	255.8 bp −$25.6K	454.4 bp −$227.2K

UB 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
Binance UBUSDT	+0.0100%	4h	0.1443	+0.227%	$3.0M	$16.8M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1440	long leg	$961K	$2.6M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1442	+0.103%	$1.3M	$14.6M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1440	−0.015%	$1.4M	$3.5M	25x	as long as short
MEXC UB_USDTshort	+0.0100%	4h	0.1444	+0.277%	$584K	$679K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1438	−0.160%	$1.0M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1443	+0.201%	$2.3M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1442	+0.159%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1439	−0.059%	$30	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1435	−0.337%	$36K	$268K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1443	+0.194%	$16K	$245K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1443	+0.179%	$929	$170K	5x	as long as short
BloFin UB-USDT	+0.0107%	4h	0.1444	+0.249%	$153K	$952K	50x	as long as short
Aster UBUSDT	+0.0452%	4h	0.1444	+0.263%	$392K	$185K	5x	as long as short