Funding arb · Price arb /

F

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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 −0.062%

Price spread now: MEXC against Bybit+0.027%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$700.695% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.489%−$49 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.027%, 7d avg −0.028%

Together, before fees−0.452%−$45 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 0.055% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FUSDT	0.003701	0.0100	pay 0.0050% / 4h	2h 07m	$2.4M	$2.6M	25x
Short	MEXC F_USDT	0.003702	0.0100	get 0.0050% / 4h	2h 07m	$646K	$195K	50x

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 +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.028%: $5.5
Slippage, 4 orders: −$50.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$64.04
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from Bybit: live order book, 9 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 Bybit live order book, 9 min ago	4.04 bp	23.6 bp −$24	216.8 bp −$2,168	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	1.35 bp	13.9 bp −$14	36.3 bp −$363	159.4 bp −$15.9K	715.7 bp −$357.8K

F 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
Gate F_USDT	+0.0035%	8h	0.003702	+0.027%	$180K	$1.4M	25x	as long as short
Aster FUSDT	+0.0100%	4h	0.003703	+0.044%	$15K	$30K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003701	−0.007%	$4.0M	$7.6M	50x	as long as short
Bybit FUSDTlong	+0.0100%	4h	0.003701	long leg	$2.4M	$2.6M	25x
OKX F-USDT-SWAP	+0.0100%	4h	0.003700	−0.027%	$735K	$2.2M	20x	as long as short
MEXC F_USDTshort	+0.0100%	4h	0.003702	+0.027%	$646K	$195K	50x
KuCoin FUSDTM	+0.0100%	4h	0.003703	+0.054%	$779K	$1.3M	30x	as long as short
Bitget FUSDT	+0.0100%	4h	0.003698	−0.081%	$493K	$991K	50x	as long as short
BingX F-USDT	+0.0100%	4h	0.003700	−0.027%	—	$6.6M	—	as long as short
Variational Omni F	+0.0100%	4h	0.003703	+0.065%	$700	$379	—	as long as short