Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.161%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.161%, 7d avg −0.094%

Together, before fees+0.096%+$10 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: Bitget is 0.067% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007449	0.0100	pay 0.0050% / 4h	6m 36s	$408K	$198K	50x
Short	Bitget ALTUSDT	0.007437	0.0100	get 0.0050% / 4h	6m 36s	$606K	$91K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → −0.094%: −$6.68
Slippage, 4 orders: −$67.78
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$90.47
Costs to cover: 0.838%
Break-even: never at this rate

Slippage from MEXC: live order book, 20 min ago; Bitget: live order book, 22 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 MEXC live order book, 20 min ago	2.02 bp	8.7 bp −$9	60.9 bp −$609	252.0 bp −$25.2K	441.8 bp −$220.9K
Sell Bitget live order book, 22 min ago	8.76 bp	30.2 bp −$30	175.3 bp −$1,753	doesn't fit	doesn't fit

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
Variational Omni ALT	−0.0231%	4h	0.007437	−0.155%	$4K	$12K	—	as long as short
Bybit ALTUSDT	−0.0070%	4h	0.007440	−0.121%	$1.2M	$1.6M	25x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0018%	1h	0.007453	+0.054%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−0.913%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007444	−0.067%	$1.1M	$186K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007450	+0.010%	$2.6M	$3.4M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007447	−0.027%	$51K	$420K	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007449	long leg	$408K	$198K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007449	0.000%	$149K	$23K	30x	as long as short
Bitget ALTUSDTshort	+0.0100%	4h	0.007437	−0.161%	$606K	$91K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007448	−0.013%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0113%	4h	0.007448	−0.013%	$173K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0116%	1h	0.007463	+0.185%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0416%	1h	0.007490	+0.550%	$14K	$2K	50x	as long as short