Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Bybit+0.119%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$840.842% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.211%−$21 · spread now +0.119%, 7d avg −0.052%

Together, before fees−0.212%−$21 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 0.171% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CCUSDT	0.1175	0.0100	pay 0.0050% / 4h	24m 39s	$10.7M	$3.8M	25x
Short	MEXC CC_USDT	0.1177	0.0100	get 0.0050% / 4h	24m 39s	$1.6M	$315K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → −0.052%: $17.12
Slippage, 4 orders: −$69.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$67.07
Costs to cover: 0.842%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 2 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 Bybit live order book, 4 min ago	2.55 bp	35.6 bp −$36	393.7 bp −$3,937	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.43 bp	7.0 bp −$7	65.2 bp −$652	260.2 bp −$26.0K	817.4 bp −$408.7K

CC on 19 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 CC/USDC PERP	−0.3320%	1h	0.1164	−0.953%	$6K	$99	5.5x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1176	+0.036%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1179	+0.296%	$35K	$38K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1176	+0.041%	$11.1M	$11.2M	75x	as long as short
Bybit CCUSDTlong	+0.0100%	4h	0.1175	long leg	$10.7M	$3.8M	25x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1176	+0.068%	$2.5M	$3.5M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1176	+0.094%	$363K	$214K	50x	as long as short
MEXC CC_USDTshort	+0.0100%	4h	0.1177	+0.119%	$1.6M	$315K	100x
KuCoin CCUSDTM	+0.0100%	4h	0.1179	+0.298%	$499K	$116K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1176	+0.077%	$939K	$788K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1176	+0.043%	—	$6.6M	—	as long as short
Variational Omni CC	+0.0100%	4h	0.1177	+0.120%	$587K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1178	+0.251%	$82K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1176	+0.073%	$6K	$36K	6.7x	as long as short
Backpack CC_USDC_PERP	+0.0156%	1h	0.1177	+0.162%	$15K	$22K	10x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1174	−0.094%	$590K	$106K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1177	+0.193%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0594%	1h	0.1179	+0.366%	$5.5M	$1.4M	3x	as long as short
Lighter CC	+0.1096%	1h	0.1181	+0.519%	$235K	$154K	5x	as long as short