Funding arb · Price arb /

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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: MEXC against Bybit−0.102%7-day average +0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1501.503% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.303%+$30 · spread now −0.102%, 7d avg +0.143%

Together, before fees+0.347%+$35 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 0.245% cheaper against Bybit than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06845	0.0100	pay 0.0050% / 4h	50m 31s	$2.1M	$581K	25x
Short	MEXC BASED_USDT	0.06838	0.0100	get 0.0050% / 4h	50m 31s	$4.8M	$643K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → +0.143%: −$24.55
Slippage, 4 orders: −$135.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$174.83
Costs to cover: 1.503%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 2 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 Bybit live order book, 1 min ago	5.86 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.92 bp	12.5 bp −$13	43.0 bp −$430	198.0 bp −$19.8K	747.8 bp −$373.9K

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
Binance BASEDUSDT	+0.0100%	4h	0.06849	+0.059%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06845	long leg	$2.1M	$581K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06841	−0.058%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06837	−0.117%	$543K	$530K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06838	−0.102%	$4.8M	$643K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06822	−0.336%	$572K	$96K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06855	+0.146%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06835	−0.146%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06832	−0.189%	$93K	$22K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06844	−0.008%	$90K	$363K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06831	−0.205%	$1K	$817K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06838	−0.095%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0132%	4h	0.06840	−0.073%	$252K	$38K	25x	as long as short
Aster BASEDUSDT	+0.0325%	4h	0.06831	−0.211%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0345%	4h	0.06838	−0.102%	$3K	$652	10x	as long as short