Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.160%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$740.739% of the position

Long on MEXC Short on BingX

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+0.042%+$4 · spread now −0.160%, 7d avg −0.059%

Together, before fees+0.051%+$5 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: BingX is 0.101% cheaper against MEXC than usual: you would sell low and buy high, −$10 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	MEXC BASED_USDT	0.06857	0.0100	pay 0.0050% / 4h	41m 05s	$4.9M	$519K	50x
Short	BingX BASED-USDT	0.06846	0.0100	get 0.0050% / 4h	41m 05s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → −0.059%: −$10.15
Slippage, 4 orders: −$59.86
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$84.01
Costs to cover: 0.739%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 6 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, 1 min ago	0.73 bp	10.9 bp −$11	45.8 bp −$458	185.8 bp −$18.6K	724.8 bp −$362.4K
Sell BingX live order book, 6 min ago	5.11 bp	29.4 bp −$29	89.1 bp −$891	doesn't fit	doesn't fit

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	+0.0096%	4h	0.06855	−0.029%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06848	−0.131%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06856	−0.017%	$4.3M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06842	−0.219%	$2.1M	$694K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06844	−0.190%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06849	−0.117%	$536K	$580K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06857	long leg	$4.9M	$519K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06851	−0.088%	$583K	$70K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06857	0.000%	$1.3M	$378K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06846	−0.160%	—	$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	0.06840	−0.253%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06842	−0.219%	$99K	$376K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06855	−0.029%	$1K	$913K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06851	−0.086%	$2K	$257K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0416%	4h	0.06851	−0.088%	$3K	$664	10x	as long as short