Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against MEXC−0.090%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$910.907% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.090%, 7d avg −0.061%

Together, before fees+0.082%+$8 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: BingX is 0.029% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ATH_USDT	0.005560	0.0100	pay 0.0050% / 4h	1h 15m	$8.9M	$659K	50x
Short	BingX ATH-USDT	0.005555	0.0100	get 0.0050% / 4h	1h 15m	—	$21.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → −0.061%: −$2.89
Slippage, 4 orders: −$72.65
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$93.55
Costs to cover: 0.907%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 3 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, 2 min ago	6.30 bp	19.6 bp −$20	55.6 bp −$556	200.6 bp −$20.1K	doesn't fit
Sell BingX live order book, 3 min ago	5.41 bp	25.6 bp −$26	64.8 bp −$648	498.2 bp −$49.8K	829.7 bp −$414.8K

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.4649%	1h	0.005552	−0.151%	$19K	$106K	10x	as long as short
dYdX ATH-USD	−0.0006%	1h	0.005560	+0.004%	$11K	$16	5x	as long as short
Variational Omni ATH	+0.0053%	4h	0.005545	−0.264%	$186K	$94K	—	as long as short
OKX ATH-USDT-SWAP	+0.0079%	4h	0.005555	−0.090%	$705K	$1.2M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005559	−0.016%	$4K	$37K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005559	−0.016%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005547	−0.234%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005549	−0.198%	$792K	$522K	30x	as long as short
MEXC ATH_USDTlong	+0.0100%	4h	0.005560	long leg	$8.9M	$659K	50x
KuCoin ATHUSDTM	+0.0100%	4h	0.005553	−0.126%	$569K	$77K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005559	−0.018%	$1.6M	$792K	25x	as long as short
BingX ATH-USDTshort	+0.0100%	4h	0.005555	−0.090%	—	$21.9M	—
BloFin ATH-USDT	+0.0125%	4h	0.005560	0.000%	$172K	$60K	75x	as long as short