Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC+0.045%7-day average −0.064% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.045%, 7d avg −0.064%

Together, before fees−0.226%−$23 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: SunX is 0.109% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06632	0.0100	pay 0.0050% / 4h	50m 53s	$4.8M	$414K	50x
Short	SunX BASED-USDT	0.06635	0.0100	get 0.0050% / 4h	50m 53s	$1K	$924K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.064%: $10.9
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1.1
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; SunX: live order book, 45 min ago. Net counts fees only.

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, 5 min ago	0.75 bp	11.1 bp −$11	43.6 bp −$436	196.5 bp −$19.6K	644.4 bp −$322.2K
Sell SunX live order book, 45 min ago	500.86 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BASED on 15 exchanges

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	+0.0053%	4h	0.06635	+0.045%	$252K	$54K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06633	+0.015%	$28K	$3K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06631	−0.012%	$4.1M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06620	−0.181%	$2.0M	$680K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06626	−0.090%	$2.5M	$3.7M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06629	−0.045%	$517K	$585K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06632	long leg	$4.8M	$414K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06632	0.000%	$566K	$308K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06632	0.000%	$1.3M	$300K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06629	−0.045%	—	$1.7M	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06643	+0.162%	$92K	$7K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06653	+0.310%	$97K	$334K	10x	as long as short
SunX BASED-USDTshort	+0.0100%	4h	0.06635	+0.045%	$1K	$924K	20x
Extended BASED-USD	+0.0104%	1h	0.06629	−0.046%	$4K	$259K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0112%	4h	0.06630	−0.030%	$3K	$387	10x	as long as short