Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h −0.052%

Price spread now: MEXC against Bybit−0.142%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.142%, 7d avg +0.024%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.166% cheaper against Bybit than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EURUSDUSDT	1.1474	0	get 0.0000% / 8h	2m 56s	$579K	$311K	100x
Short	MEXC EUR_USDT	1.1458	−0.0182	pay 0.0091% / 4h	2m 56s	$6.8M	$139K	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 −0.142%Rate

Funding earned: −$38.22
Price spread: −0.142% → +0.024%: −$16.56
Slippage, 4 orders: −$17.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$91.4
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Bybit: live order book, 27 min ago; MEXC: live order book, 5 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, 27 min ago	6.14 bp	12.2 bp −$12	44.3 bp −$443	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.44 bp	4.4 bp −$4	4.8 bp −$48	41.8 bp −$4,175	123.3 bp −$61.7K

EUR on 18 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
MEXC EUR_USDTshort	−0.0182%	4h	1.1458	−0.142%	$6.8M	$139K	100x
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1453	−0.183%	$3K	—	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1474	long leg	$579K	$311K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1464	−0.090%	$143K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.020%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1452	−0.194%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1462	−0.107%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1463	−0.098%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1452	−0.191%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.069%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1485	+0.089%	—	$224K	100x	as long as short
Nado EURUSD-PERP	+0.0052%	1h	1.1455	−0.170%	$466K	$158K	40x	as long as short
Lighter EURUSD	+0.0064%	1h	1.1458	−0.146%	$2.1M	$511K	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1454	−0.177%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1455	−0.168%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0227%	1h	1.1462	−0.107%	$23.2M	$1.7M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0240%	1h	1.1463	−0.098%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0256%	1h	1.1458	−0.139%	$169K	$8.4M	30x	as long as short