Funding arb · Price arb /

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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 Bitget−0.087%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.087%+$9 · spread now −0.087%, 7d avg −0.037%

Together, before fees+0.085%+$9 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 0.049% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 0GUSDT	0.2310	0.0100	pay 0.0050% / 4h	2h 47m	$1.9M	$772K	50x
Short	MEXC 0G_USDT	0.2308	0.0100	get 0.0050% / 4h	2h 47m	$2.0M	$197K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.037%: −$4.94
Slippage, 4 orders: −$49.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 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 Bitget live order book, 4 min ago	4.32 bp	20.9 bp −$21	77.5 bp −$775	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.16 bp	6.8 bp −$7	36.4 bp −$364	190.1 bp −$19.0K	253.9 bp −$126.9K

0G on 16 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
BingX 0G-USDT	−0.1824%	4h	0.2309	−0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2306	−0.159%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0050%	4h	0.2312	+0.087%	$329K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2306	−0.154%	$18K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2309	−0.065%	$6.8M	$9.4M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2306	−0.173%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2310	0.000%	$896K	$2.5M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2306	−0.173%	$595K	$160K	50x	as long as short
MEXC 0G_USDTshort	+0.0100%	4h	0.2308	−0.087%	$2.0M	$197K	50x
KuCoin 0GUSDTM	+0.0100%	4h	0.2310	+0.017%	$2.4M	$2.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDTlong	+0.0100%	4h	0.2310	long leg	$1.9M	$772K	50x
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2309	−0.043%	$31K	$52K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2310	+0.006%	$13K	$7K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2305	−0.216%	$18K	$630K	50x	as long as short
Lighter 0G	+0.0288%	1h	0.2309	−0.043%	$44K	$100K	3x	as long as short
Hyperliquid 0G	+0.0883%	1h	0.2314	+0.178%	$2.5M	$521K	3x	as long as short