Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h 0.000%

Price spread now: MEXC against RISEx+0.078%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$120.117% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.102%−$10 · spread now +0.078%, 7d avg −0.008%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.087% dearer against RISEx than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BTC/USDC	85,461.9	0.0044	pay 0.0006% / 1h	40m 04s	$7.9M	$42.7M	25x
Short	MEXC BTC_USDT	85,528.9	0.0088	get 0.0088% / 8h	6h 40m	$5.06B	$5.69B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now +0.078%Rate

Funding earned: $9.22
Price spread: +0.078% → −0.008%: $8.69
Slippage, 4 orders: −$1.66
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $6.25
Costs to cover: 0.117%
Break-even: 2.3 days

Slippage from RISEx: live order book, 4 min ago; MEXC: live order book, 4 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 RISEx live order book, 4 min ago	0.01 bp	3.0 bp −$3	3.0 bp −$30	10.8 bp −$1,084	doesn't fit
Sell MEXC live order book, 4 min ago	0.01 bp	2.3 bp −$2	2.4 bp −$24	2.5 bp −$246	2.9 bp −$1,463

BTC on 56 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
Phoenix BTC	−0.0144%	1h	85,678	+0.253%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,478	+0.019%	$8K	$3K	50x	as long as short
BloFin BTC-USDT	−0.0078%	8h	85,853	+0.458%	$415.8M	$658.2M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	85,422.1	−0.047%	$363K	$2.3M	50x	as long as short
dYdX BTC-USD	0.0000%	1h	85,484.9	+0.027%	$16.7M	$20.6M	50x	as long as short
Perpl BTC	0.0000%	43m	85,416	−0.054%	$523K	$21.3M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,458.2	−0.004%	$36.5M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,810	+0.407%	$341K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0036%	8h	85,506.4	+0.052%	$495.9M	$1.14B	200x	as long as short
KuCoin XBTUSDTM	+0.0038%	8h	85,515.3	+0.063%	$890.6M	$757.5M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDClong	+0.0044%	1h	85,461.9	long leg	$7.9M	$42.7M	25x
BingX BTC-USDT	+0.0054%	8h	85,536	+0.087%	—	$1.59B	—	as long as short
Reya BTCRUSDPERP	+0.0054%	1h	85,412.3	−0.058%	$6.7M	$146.1M	40x	as long as short
HTX BTC-USDT	+0.0060%	8h	85,524.6	+0.073%	$2.27B	$973.2M	200x	as long as short
Gate BTC_USDT	+0.0068%	8h	85,523.6	+0.072%	$5.60B	$10.41B	200x	as long as short
Bitget BTCUSDT	+0.0068%	8h	85,517.2	+0.065%	$2.94B	$5.17B	150x	as long as short
Nado BTC-PERP	+0.0084%	1h	85,425.3	−0.043%	$22.6M	$230.1M	50x	as long as short
Binance BTCUSDT	+0.0087%	8h	85,507.5	+0.053%	$9.31B	$24.70B	150x	as long as short
MEXC BTC_USDTshort	+0.0088%	8h	85,528.9	+0.078%	$5.06B	$5.69B	500x
Aevo BTC-PERP	+0.0088%	1h	85,473.1	+0.013%	$2.4M	$1.8M	20x	as long as short
Lighter BTC	+0.0096%	1h	85,540.3	+0.092%	$169.1M	$983.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,543.8	+0.096%	$23.1M	$145.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,426	−0.042%	$8.3M	$52.5M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,419	−0.050%	$209K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,473.1	+0.013%	$3.8M	$8.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,591	+0.151%	$3.76B	$5.07B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,495.6	+0.039%	$40.7M	$569.6M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,519.3	+0.067%	$5.26B	$9.88B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,526.8	+0.076%	$2.52B	$12.58B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,459	−0.003%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,431.1	−0.036%	$7.3M	$98.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,506.5	+0.052%	$35.0M	$163.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,634.2	+0.202%	$157.4M	$554.3M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,806	+0.403%	$278.1M	$938.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,740.2	+0.326%	$215.2M	$164.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,842.7	+0.446%	$140.4M	$321.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,689	+0.266%	$30.3M	$208.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,526.4	+0.076%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,420	−0.049%	$11.0M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,436	−0.030%	$192K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,473.1	+0.013%	$2.4M	$9.1M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,516.1	+0.063%	$186K	$709K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,503.2	+0.048%	$29.9M	$57.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,484.6	+0.027%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,505	+0.050%	$59.8M	$337.8M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,536	+0.087%	$153.7M	$481.2M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,804.9	+0.401%	$582.3M	$118.5M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,477.9	+0.019%	$44.8M	$228.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,591.9	+0.152%	—	$102.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,571.5	+0.128%	$130.5M	$5.26B	50x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	85,679.8	+0.255%	$707K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0146%	1h	85,731.5	+0.316%	$78K	$219K	20x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,565.3	+0.121%	$187.6M	$974.0M	100x	as long as short
Deribit BTC-PERPETUAL	+0.0169%	1h	85,556.5	+0.111%	$893.5M	$1.55B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0204% / S −0.0192%	1h	85,442.1	−0.023%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	85,508	+0.054%	$10.0M	$771.4M	6.4x	as long as short