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 Bitget−0.058%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.058%, 7d avg −0.037%

Together, before fees+0.061%+$6 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 0.021% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06875	0.0100	pay 0.0050% / 4h	2h 29m	$1.3M	$385K	25x
Short	MEXC BASED_USDT	0.06871	0.0100	get 0.0050% / 4h	2h 29m	$4.9M	$629K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.037%: −$2.11
Slippage, 4 orders: −$54.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$72.11
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	4.37 bp	28.3 bp −$28	119.4 bp −$1,194	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.46 bp	10.3 bp −$10	46.3 bp −$463	182.0 bp −$18.2K	750.6 bp −$375.3K

BASED on 14 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
Binance BASEDUSDT	+0.0100%	4h	0.06873	−0.034%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06861	−0.204%	$2.1M	$657K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06876	+0.015%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06856	−0.276%	$538K	$563K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06871	−0.058%	$4.9M	$629K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06872	−0.044%	$571K	$70K	20x	as long as short
Bitget BASEDUSDTlong	+0.0100%	4h	0.06875	long leg	$1.3M	$385K	25x
BingX BASED-USDT	+0.0100%	4h	0.06860	−0.218%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06840	−0.503%	$94K	$17K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06840	−0.510%	$92K	$379K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06871	−0.058%	$1K	$875K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06869	−0.084%	$3K	$200K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0267%	4h	0.06868	−0.102%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0349%	4h	0.06866	−0.127%	$29K	$6K	5x	as long as short