Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: BingX against MEXC−0.042%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.042%, 7d avg +0.023%

Together, before fees+0.190%+$19 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: BingX is 0.065% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CC_USDT	0.1188	0.0100	pay 0.0050% / 4h	3h 00m	$1.9M	$366K	100x
Short	BingX CC-USDT	0.1188	0.0100	get 0.0050% / 4h	3h 00m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.023%: −$6.52
Slippage, 4 orders: −$41.88
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.4
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 1 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, 1 min ago	0.42 bp	7.1 bp −$7	46.0 bp −$460	261.3 bp −$26.1K	842.2 bp −$421.1K
Sell BingX live order book, 1 min ago	5.47 bp	22.5 bp −$23	66.4 bp −$664	290.9 bp −$29.1K	1115.0 bp −$557.5K

CC on 18 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	+0.0033%	1h	0.1180	−0.707%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0087%	8h	0.1189	+0.014%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1189	+0.010%	$35K	$27K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1188	−0.034%	$11.2M	$11.9M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1187	−0.101%	$11.0M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1189	+0.059%	$2.6M	$2.9M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1189	+0.067%	$365K	$170K	50x	as long as short
MEXC CC_USDTlong	+0.0100%	4h	0.1188	long leg	$1.9M	$366K	100x
KuCoin CCUSDTM	+0.0100%	4h	0.1189	+0.034%	$492K	$98K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1188	−0.008%	$928K	$706K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDTshort	+0.0100%	4h	0.1188	−0.042%	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1188	0.000%	$16K	$19K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1188	+0.003%	$606K	$42K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1191	+0.211%	$84K	$3.2M	10x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1190	+0.143%	$606K	$89K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0450% / S −0.0241%	1h	0.1189	+0.064%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0600%	1h	0.1191	+0.242%	$5.6M	$1.3M	3x	as long as short
Lighter CC	+0.1216%	1h	0.1194	+0.505%	$254K	$169K	5x	as long as short