Funding arb · Price arb /

W

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0439%/8h= −48.1% APRpaid last 24h −0.171%

Price spread now: Deribit against MEXC+0.008%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC W_USDT	0.01187	0.0100	pay 0.0050% / 4h	3h 03m	$12.8M	$1.5M	50x
Short	Deribit W_USDC-PERPETUAL	0.01187	−0.0339	pay 0.0042% / 1h	3m 11s	$16K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$92.24
Price spread: +0.008% → 0.000%: $0.84
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$102.4
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.

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, 5 min ago	0.84 bp	10.2 bp −$10	55.3 bp −$553	88.0 bp −$8,805	176.3 bp −$88.2K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

W on 17 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
Deribit W_USDC-PERPETUALshort	−0.0339%	1h	0.01187	+0.008%	$16K	$2K	10x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.836%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01187	−0.017%	$2.0M	$405K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01187	−0.009%	$3.0M	$6.7M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01185	−0.168%	$4.1M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01186	−0.101%	$1.3M	$2.0M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01187	−0.034%	$448K	$284K	75x	as long as short
MEXC W_USDTlong	+0.0100%	4h	0.01187	long leg	$12.8M	$1.5M	50x
KuCoin WUSDTM	+0.0100%	4h	0.01190	+0.236%	$452K	$219K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01189	+0.152%	$1.3M	$569K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01187	−0.025%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01191	+0.289%	$72K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01193	+0.521%	$132K	$377K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01187	+0.011%	$60K	$240K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0280%	1h	0.01191	+0.278%	$14K	$16K	50x	as long as short
Backpack W_USDC_PERP	+0.1287%	1h	0.01189	+0.152%	$45K	$47K	15x	as long as short
Kraken Futures PF_WUSD	+0.1321%	1h	0.01191	+0.308%	$148K	$181K	20x	as long as short