Funding arb · Price arb /

ALT

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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 −0.006%

Price spread now: Bybit against MEXC−0.134%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.134%, 7d avg −0.063%

Together, before fees+0.009%+$1 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: Bybit is 0.072% 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 −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007450	0.0100	pay 0.0050% / 4h	1h 28m	$371K	$168K	50x
Short	Bybit ALTUSDT	0.007440	0.0100	get 0.0050% / 4h	1h 28m	$1.2M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → −0.063%: −$7.17
Slippage, 4 orders: −$57.76
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$79.93
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Bybit: live order book, 1 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, 9 min ago	0.67 bp	9.2 bp −$9	57.3 bp −$573	260.3 bp −$26.0K	478.3 bp −$239.1K
Sell Bybit live order book, 1 min ago	4.03 bp	30.4 bp −$30	163.1 bp −$1,631	doesn't fit	doesn't fit

ALT on 14 exchanges

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 ALT_USDC-PERPETUAL	0.0000%	1h	0.007450	0.000%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+3.235%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007448	−0.027%	$1.1M	$123K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007449	−0.011%	$2.6M	$3.3M	50x	as long as short
Bybit ALTUSDTshort	+0.0100%	4h	0.007440	−0.134%	$1.2M	$1.7M	25x
Gate ALT_USDT	+0.0100%	8h	0.007445	−0.067%	$49K	$368K	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007450	long leg	$371K	$168K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007454	+0.054%	$145K	$18K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007435	−0.201%	$592K	$145K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007442	−0.107%	—	$1.3M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007439	−0.151%	$4K	$9K	—	as long as short
BloFin ALT-USDT	+0.0148%	4h	0.007451	+0.013%	$170K	$6K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0336%	1h	0.007449	−0.019%	$45K	$10K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0560%	1h	0.007580	+1.745%	$14K	$2K	50x	as long as short