Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against MEXC−0.200%7-day average −0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.113%+$11 · spread now −0.200%, 7d avg −0.167%

Together, before fees+0.074%+$7 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 0.033% 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 −0.167%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ATH_USDT	0.005503	0.0100	pay 0.0050% / 4h	24m 08s	$8.9M	$637K	50x
Short	Bybit ATHUSDT	0.005492	0.0100	get 0.0050% / 4h	24m 08s	$4.3M	$2.6M	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

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 BybitbpOrdersPrice spread, now −0.200%Rate

Funding earned: $0
Price spread: −0.200% → −0.167%: −$3.33
Slippage, 4 orders: −$81.76
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.09
Costs to cover: 1.008%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	2.73 bp	14.4 bp −$14	53.5 bp −$535	166.9 bp −$16.7K	doesn't fit
Sell Bybit live order book, 4 min ago	4.56 bp	34.7 bp −$35	130.9 bp −$1,309	doesn't fit	doesn't fit

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	−0.2881%	1h	0.005495	−0.142%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0087%	4h	0.005495	−0.137%	$184K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005500	−0.054%	$11K	$57	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005503	+0.007%	$5K	$42K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005502	−0.010%	$3.3M	$4.3M	50x	as long as short
Bybit ATHUSDTshort	+0.0100%	4h	0.005492	−0.200%	$4.3M	$2.6M	25x
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005491	−0.218%	$704K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005491	−0.218%	$786K	$583K	30x	as long as short
MEXC ATH_USDTlong	+0.0100%	4h	0.005503	long leg	$8.9M	$637K	50x
KuCoin ATHUSDTM	+0.0100%	4h	0.005497	−0.109%	$555K	$78K	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	0.005498	−0.091%	$1.5M	$887K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005497	−0.109%	—	$21.6M	—	as long as short
BloFin ATH-USDT	+0.0132%	4h	0.005521	+0.327%	$167K	$69K	75x	as long as short