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: MEXC against SunX+0.029%7-day average +0.060% · you sell dearer than you buy

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

Long on SunX Short on MEXC

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)+0.040%+$4 · spread now +0.029%, 7d avg +0.060%

Together, before fees+0.073%+$7 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 0.031% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06855	0.0100	pay 0.0050% / 4h	41m 01s	$1K	$913K	20x
Short	MEXC BASED_USDT	0.06857	0.0100	get 0.0050% / 4h	41m 01s	$4.9M	$519K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SunX. 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 SunXbpFee MEXCbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → +0.060%: −$3.13
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$15.13
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; MEXC: live order book, 1 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 SunX live order book, 11 min ago	500.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.73 bp	10.8 bp −$11	44.5 bp −$445	186.3 bp −$18.6K	748.9 bp −$374.4K

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	0.000%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06848	−0.102%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06856	+0.012%	$4.3M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06842	−0.190%	$2.1M	$694K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06844	−0.160%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06849	−0.088%	$536K	$580K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06857	+0.029%	$4.9M	$519K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06851	−0.058%	$583K	$70K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06857	+0.029%	$1.3M	$378K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06846	−0.131%	—	$1.7M	—	as long as short

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	−0.224%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06842	−0.189%	$99K	$376K	10x	as long as short
SunX BASED-USDTlong	+0.0100%	4h	0.06855	long leg	$1K	$913K	20x
Extended BASED-USD	+0.0104%	1h	0.06851	−0.056%	$2K	$257K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0416%	4h	0.06851	−0.058%	$3K	$664	10x	as long as short