Funding arb · Price arb /

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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 0.000%

Price spread now: MEXC against Binance+0.071%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$850.846% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.071%, 7d avg −0.003%

Together, before fees−0.070%−$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: MEXC is 0.075% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06869	0.0100	pay 0.0050% / 4h	1h 38m	$4.2M	$3.1M	25x
Short	MEXC BASED_USDT	0.06874	0.0100	get 0.0050% / 4h	1h 38m	$4.9M	$611K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.003%: $7.46
Slippage, 4 orders: −$70.61
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$77.15
Costs to cover: 0.846%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; MEXC: live order book, 9 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 Binance live order book, 14 min ago	2.19 bp	24.7 bp −$25	112.8 bp −$1,128	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	2.93 bp	13.5 bp −$13	54.5 bp −$545	208.3 bp −$20.8K	590.7 bp −$295.3K

BASED on 15 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
BloFin BASED-USDT	+0.0079%	4h	0.06843	−0.380%	$260K	$47K	25x	as long as short
Binance BASEDUSDTlong	+0.0100%	4h	0.06869	long leg	$4.2M	$3.1M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06861	−0.118%	$2.1M	$684K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06868	−0.016%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06862	−0.103%	$537K	$577K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06874	+0.071%	$4.9M	$611K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06860	−0.132%	$568K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06876	+0.101%	$1.3M	$381K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06869	−0.001%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06816	−0.778%	$94K	$15K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06826	−0.625%	$96K	$368K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06835	−0.496%	$2K	$879K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06867	−0.028%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0143%	4h	0.06866	−0.041%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0238%	4h	0.06868	−0.016%	$3K	$664	10x	as long as short