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 BingX+0.103%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

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

costs, in and out, $10k−$820.817% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.103%, 7d avg +0.059%

Together, before fees−0.014%−$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: MEXC is 0.045% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06765	0.0100	pay 0.0050% / 4h	49m 26s	—	$1.7M	—
Short	MEXC BASED_USDT	0.06772	0.0100	get 0.0050% / 4h	49m 26s	$4.8M	$591K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.059%: $4.5
Slippage, 4 orders: −$67.68
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$77.18
Costs to cover: 0.817%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; MEXC: 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 BingX live order book, 12 min ago	5.14 bp	24.4 bp −$24	86.8 bp −$868	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.94 bp	12.8 bp −$13	44.0 bp −$440	201.0 bp −$20.1K	772.3 bp −$386.1K

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	+0.0086%	4h	0.06792	+0.399%	$260K	$47K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06767	+0.034%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06774	+0.135%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06759	−0.089%	$2.1M	$697K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06770	+0.074%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06770	+0.074%	$531K	$581K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06772	+0.103%	$4.8M	$591K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06778	+0.192%	$565K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06771	+0.089%	$1.3M	$360K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06765	long leg	—	$1.7M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06776	+0.160%	$94K	$15K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06796	+0.461%	$94K	$380K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06766	+0.015%	$1K	$887K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06772	+0.109%	$3K	$200K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0233%	4h	0.06773	+0.118%	$3K	$664	10x	as long as short