Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.023%

Price spread now: MEXC against 01 Exchange+0.039%7-day average +0.003% · 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−$9as in the Price arb table

costs, in and out, $10k−$130.129% of the position

Long on 01 Exchange Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.076%+$8 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.039%, 7d avg +0.003%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.036% dearer against 01 Exchange than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	86,313.2	−0.0016	get 0.0002% / 1h	7m 09s	$358K	$2.5M	50x
Short	MEXC BTC_USDT	86,347	0.0063	get 0.0063% / 8h	1h 07m	$5.11B	$5.72B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against 01 Exchange. 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 01 ExchangebpFee MEXCbpOrdersPrice spread, now +0.039%Rate

Funding earned: $16.59
Price spread: +0.039% → +0.003%: $3.64
Slippage, 4 orders: −$1.93
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: $7.31
Costs to cover: 0.129%
Break-even: 3.9 days

Slippage from 01 Exchange: live order book, 2 min ago; MEXC: live order book, 7 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 01 Exchange live order book, 2 min ago	0.04 bp	4.7 bp −$5	8.7 bp −$87	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.0 bp −$203	2.1 bp −$1,064

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
Bluefin BTC-PERP	−0.0543%	1h	86,338.4	+0.029%	$140K	$620K	40x	as long as short
Phoenix BTC	−0.0159%	1h	86,349	+0.041%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,270	−0.050%	$9K	$3K	50x	as long as short
01 Exchange BTCUSDlong	−0.0016%	1h	86,313.2	long leg	$358K	$2.5M	50x
Aster BTCUSDT	−0.0011%	8h	86,336.5	+0.027%	$502.9M	$1.15B	200x	as long as short
KuCoin XBTUSDTM	+0.0004%	8h	86,342.5	+0.034%	$849.8M	$713.7M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,328.6	+0.018%	$36.8M	—	200x	as long as short
dYdX BTC-USD	+0.0006%	1h	86,296.7	−0.019%	$16.9M	$21.1M	50x	as long as short
RISEx BTC/USDC	+0.0006%	1h	86,295.5	−0.020%	$8.4M	$42.8M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0021%	1h	86,377.4	+0.074%	$917.4M	$1.49B	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0023%	1h	86,307.2	−0.007%	$6.7M	$145.0M	40x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,360	+0.054%	$332K	$26.8M	52x	as long as short
BingX BTC-USDT	+0.0037%	8h	86,317.1	+0.005%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0042%	8h	86,343.1	+0.035%	$150.0M	$476.9M	150x	as long as short
Bitget BTCUSDT	+0.0047%	8h	86,324.2	+0.013%	$2.95B	$5.11B	150x	as long as short
Aftermath Perps BTCUSD	+0.0060%	1h	86,363.3	+0.058%	$80K	$219K	20x	as long as short
MEXC BTC_USDTshort	+0.0063%	8h	86,347	+0.039%	$5.11B	$5.72B	500x
Aevo BTC-PERP	+0.0064%	1h	86,310.5	−0.003%	$2.4M	$1.3M	20x	as long as short
Binance BTCUSDT	+0.0064%	8h	86,348.4	+0.041%	$9.42B	$24.49B	150x	as long as short
Gate BTC_USDT	+0.0079%	8h	86,314.4	+0.001%	$5.84B	$10.77B	200x	as long as short
Bybit BTCUSDT	+0.0095%	8h	86,354.1	+0.047%	$5.26B	$9.80B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,352.5	+0.046%	$170.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,364.2	+0.059%	$24.0M	$152.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,300	−0.015%	$8.4M	$52.4M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,266	−0.055%	$205K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,305	−0.009%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,296.5	−0.019%	$21.7M	$234.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,383	+0.081%	$3.79B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,302.2	−0.013%	$40.7M	$517.9M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,353.5	+0.047%	$2.54B	$12.72B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,295	−0.021%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,341.6	+0.033%	$7.8M	$94.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,320.9	+0.009%	$570.7M	$18.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,278.1	−0.041%	$37.8M	$154.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,316.3	+0.004%	$155.5M	$568.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,321.8	+0.010%	$279.0M	$944.1M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,335.7	+0.026%	$216.9M	$174.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,333	+0.023%	$141.1M	$323.6M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,337	+0.028%	$30.6M	$204.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,350.2	+0.043%	—	$11.7M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,308	−0.006%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,316	+0.003%	$190K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,326.5	+0.015%	$2.4M	$8.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,349.9	+0.043%	$30.6M	$62.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,302.4	−0.013%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,343	+0.035%	$60.4M	$337.3M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,313.9	+0.001%	$2.29B	$969.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,307.5	−0.007%	$45.6M	$226.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,306.2	−0.008%	—	$98.9M	500x	as long as short
Perpl BTC	+0.0112%	43m	86,290.4	−0.026%	$421K	$23.5M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,387	+0.086%	$131.8M	$5.68B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,375.8	+0.072%	$191.9M	$947.3M	100x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	86,325.6	+0.014%	$719K	$8.1M	30x	as long as short
BloFin BTC-USDT	+0.0184%	8h	86,325.3	+0.014%	$414.6M	$653.5M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0187% / S −0.0210%	1h	86,324	+0.012%	$15.1M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0198%	8h	86,317	+0.004%	$9.6M	$736.6M	6.4x	as long as short