Funding arb · Price arb /

H

all H markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.176%7-day average +0.269% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$910.909% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 7 days+0.106%+$11 · spread now +0.176%, 7d avg +0.269%

Together, before fees+0.351%+$35 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 0.093% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.269%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.06832	0.0100	pay 0.0050% / 4h	3h 20m	$7.6M	$4.9M	13x
Short	MEXC H_USDT	0.06844	0.0100	get 0.0050% / 4h	3h 20m	$6.1M	$1.1M	20x

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 +0.176%Rate

Funding earned: $0
Price spread: +0.176% → +0.269%: −$9.34
Slippage, 4 orders: −$75.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$100.27
Costs to cover: 0.909%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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, 2 min ago	2.19 bp	34.2 bp −$34	185.0 bp −$1,850	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.46 bp	10.0 bp −$10	57.1 bp −$571	115.3 bp −$11.5K	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	−8.519%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06841	+0.130%	$112K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06844	+0.176%	$14.6M	$11.2M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06832	long leg	$7.6M	$4.9M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06847	+0.220%	$1.8M	$6.3M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06831	−0.015%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06844	+0.176%	$6.1M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06839	+0.102%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06837	+0.073%	$1.7M	$451K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06846	+0.205%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06830	−0.025%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06842	+0.147%	$1.1M	$433K	10x	as long as short
BloFin H-USDT	+0.0103%	4h	0.06843	+0.161%	$588K	$110K	25x	as long as short
Extended H-USD	+0.0104%	1h	0.06841	+0.127%	$9K	$108K	5x	as long as short