Funding arb · Price arb /

BSV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0659%/8h= +72.1% APRpaid last 24h +0.232%

Price spread now: Hyperliquid against MEXC+0.218%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.419%+$42 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.218%, 7d avg +0.080%

Together, before fees+0.296%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.137% dearer against MEXC than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.080%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.419% in total (about 21.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BSV_USDT	18.380	0.0100	pay 0.0050% / 4h	2h 22m	$1.3M	$446K	125x
Short	Hyperliquid BSV	18.420	0.0759	get 0.0095% / 1h	22m 05s	$554K	$190K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.218%Rate

Funding earned: $138.3
Price spread: +0.218% → +0.080%: $13.75
Slippage, 4 orders: −$35.01
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $104.04
Costs to cover: 0.480%
Break-even: 1.7 days

Slippage from MEXC: live order book, 4 min ago; Hyperliquid: live order book, 62 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, 4 min ago	2.72 bp	4.7 bp −$5	18.0 bp −$180	282.2 bp −$28.2K	doesn't fit
Sell Hyperliquid live order book, 62 min ago	3.03 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit

BSV on 10 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
Injective BSV/USDC PERP	+0.0034%	1h	18.130	−1.360%	$1K	$49K	5.5x	as long as short
BloFin BSV-USDT	+0.0076%	4h	18.390	+0.054%	$111K	$198K	75x	as long as short
Binance BSVUSDT	+0.0100%	4h	18.380	0.000%	$1.7M	$1.8M	75x	as long as short
Bybit BSVUSDT	+0.0100%	4h	18.384	+0.022%	$1.5M	$569K	75x	as long as short
Gate BSV_USDT	+0.0100%	4h	18.370	−0.054%	$1.6M	$1.3M	50x	as long as short
MEXC BSV_USDTlong	+0.0100%	4h	18.380	long leg	$1.3M	$446K	125x
KuCoin BSVUSDTM	+0.0100%	4h	18.420	+0.218%	$667K	$64K	30x	as long as short
Bitget BSVUSDT	+0.0100%	4h	18.400	+0.109%	$1.9M	$419K	75x	as long as short
BingX BSV-USDT	+0.0100%	4h	18.400	+0.109%	—	$2.3M	—	as long as short
Hyperliquid BSVshort	+0.0759%	1h	18.420	+0.218%	$554K	$190K	3x