Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0302%/8h= −33.1% APRpaid last 24h −0.115%

Price spread now: Deribit against MEXC+0.063%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 7 days−1.078%−$108 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.063% dearer against MEXC than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALGO_USDT	0.1104	0.0100	pay 0.0100% / 8h	2h 06m	$22.9M	$3.2M	200x
Short	Deribit ALGO_USDC-PERPETUAL	0.1105	−0.0202	pay 0.0025% / 1h	6m 39s	$87K	$44K	25x

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 +0.063%Rate

Funding earned: −$63.42
Price spread: +0.063% → 0.000%: $6.34
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$64.08
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 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, 2 min ago	0.45 bp	4.9 bp −$5	32.3 bp −$323	496.6 bp −$49.7K	doesn't fit
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.

ALGO on 22 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 ALGO_USDC-PERPETUALshort	−0.0202%	1h	0.1105	+0.063%	$87K	$44K	25x
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1105	+0.073%	$16K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+1.449%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1105	+0.127%	$3.4M	$2.3M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1104	−0.032%	$44K	$37K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1104	−0.021%	$9.4M	$34.6M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1103	−0.100%	$11.0M	$12.6M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1104	+0.018%	$2.7M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1103	−0.118%	$833K	$933K	50x	as long as short
MEXC ALGO_USDTlong	+0.0100%	8h	0.1104	long leg	$22.9M	$3.2M	200x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALGOUSDTM	+0.0100%	8h	0.1104	−0.009%	$3.4M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1104	0.000%	$5.5M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1103	−0.054%	—	$3.3M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1103	−0.067%	$60K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1104	−0.045%	$60K	$135K	75x	as long as short
Phemex ALGOUSDT	+0.0104%	8h	0.1106	+0.181%	$3.7M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1104	+0.012%	$7K	$196K	10x	as long as short
Kraken Futures PF_ALGOUSD	+0.0112%	1h	0.1105	+0.102%	$821K	$1.1M	50x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0144%	1h	0.1106	+0.190%	$62K	$248K	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1104	+0.027%	$465K	$878K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0318% / S −0.0264%	1h	0.1105	+0.108%	$6K	—	100x	as long as short
dYdX ALGO-USD	+0.1294%	1h	0.1105	+0.076%	$159K	$5K	5x	as long as short