Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC+0.057%7-day average −0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.121%−$12 · spread now +0.057%, 7d avg −0.088%

Together, before fees−0.120%−$12 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 0.145% dearer against MEXC than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.07031	0.0100	pay 0.0050% / 4h	5m 10s	$6.4M	$1.0M	20x
Short	BingX H-USDT	0.07035	0.0100	get 0.0050% / 4h	5m 10s	—	$2.7M	—

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 +0.057%Rate

Funding earned: $0
Price spread: +0.057% → −0.088%: $14.53
Slippage, 4 orders: −$40.01
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$39.48
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 4 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, 2 min ago	2.13 bp	11.0 bp −$11	52.4 bp −$524	100.0 bp −$10.0K	545.0 bp −$272.5K
Sell BingX live order book, 4 min ago	3.55 bp	15.6 bp −$16	97.8 bp −$978	doesn't fit	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	−11.108%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07034	+0.048%	$121K	$41K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07035	+0.063%	$15.2M	$10.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07023	−0.119%	$7.7M	$4.2M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07039	+0.114%	$1.7M	$5.6M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07027	−0.057%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.07031	long leg	$6.4M	$1.0M	20x
KuCoin HUSDTM	+0.0100%	4h	0.07032	+0.014%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07034	+0.043%	$1.7M	$443K	4x	as long as short
BingX H-USDTshort	+0.0100%	4h	0.07035	+0.057%	—	$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	0.07030	−0.008%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07053	+0.312%	$1.2M	$499K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07034	+0.038%	$12K	$107K	5x	as long as short
BloFin H-USDT	+0.0122%	4h	0.07036	+0.071%	$606K	$111K	25x	as long as short