Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget+0.173%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$910.909% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.173%, 7d avg +0.093%

Together, before fees−0.044%−$4 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 0.080% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007508	0.0100	pay 0.0050% / 4h	3h 46m	$601K	$143K	50x
Short	MEXC ALT_USDT	0.007521	0.0100	get 0.0050% / 4h	3h 46m	$379K	$166K	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 +0.173%Rate

Funding earned: $0
Price spread: +0.173% → +0.093%: $7.99
Slippage, 4 orders: −$74.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$82.93
Costs to cover: 0.909%
Break-even: never at this rate

Slippage from Bitget: live order book, 49 min ago; MEXC: live order book, 34 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, 49 min ago	4.68 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 34 min ago	2.00 bp	13.5 bp −$14	67.2 bp −$672	271.2 bp −$27.1K	465.4 bp −$232.7K

ALT 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
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.437%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0099%	4h	0.007513	+0.067%	$168K	$8K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007517	+0.120%	$1.1M	$135K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007519	+0.144%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007515	+0.093%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007511	+0.040%	$50K	$377K	25x	as long as short
MEXC ALT_USDTshort	+0.0100%	4h	0.007521	+0.173%	$379K	$166K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007520	+0.160%	$145K	$20K	30x	as long as short
Bitget ALTUSDTlong	+0.0100%	4h	0.007508	long leg	$601K	$143K	50x
BingX ALT-USDT	+0.0100%	4h	0.007519	+0.147%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007506	−0.023%	$4K	$14K	—	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0282%	1h	0.007523	+0.200%	—	$0	25x	as long as short
Kraken Futures PF_ALTUSD	+0.0381%	1h	0.007519	+0.145%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007524	+0.213%	$13K	$2K	50x	as long as short