Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX−0.117%7-day average +0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$680.677% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.223%+$22 · spread now −0.117%, 7d avg +0.089%

Together, before fees+0.223%+$22 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 0.205% cheaper against BingX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06842	0.0100	pay 0.0050% / 4h	2h 44m	—	$2.7M	—
Short	MEXC H_USDT	0.06834	0.0100	get 0.0050% / 4h	2h 44m	$6.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → +0.089%: −$20.54
Slippage, 4 orders: −$53.69
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$88.23
Costs to cover: 0.677%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; MEXC: live order book, 8 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 BingX live order book, 5 min ago	0.73 bp	14.8 bp −$15	111.5 bp −$1,115	1005.2 bp −$100.5K	doesn't fit
Sell MEXC live order book, 8 min ago	2.18 bp	20.6 bp −$21	64.8 bp −$648	130.5 bp −$13.0K	doesn't fit

H on 14 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 H/USDC PERP	+0.0033%	1h	0.06250	−8.652%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06841	−0.013%	$113K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06834	−0.115%	$14.6M	$10.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06822	−0.288%	$7.4M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06837	−0.073%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06832	−0.146%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06834	−0.117%	$6.1M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06830	−0.175%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06812	−0.438%	$1.7M	$450K	4x	as long as short
BingX H-USDTlong	+0.0100%	4h	0.06842	long leg	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06850	+0.116%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06880	+0.554%	$1.1M	$428K	10x	as long as short
BloFin H-USDT	+0.0103%	4h	0.06888	+0.672%	$590K	$115K	25x	as long as short
Extended H-USD	+0.0104%	1h	0.06834	−0.122%	$11K	$103K	5x	as long as short