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: Bitget against MEXC−0.390%7-day average −0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs−$344as in the Funding arb table

Net, price: spread back to 7d avg − costs−$340as in the Price arb table

costs, in and out, $10k−$3193.192% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days+0.187%+$19 · spread now −0.390%, 7d avg −0.184%

Together, before fees−0.064%−$6 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: Bitget is 0.206% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.184%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06675	0.0100	pay 0.0050% / 4h	21m 21s	$6.0M	$1.1M	20x
Short	Bitget HUSDT	0.06649	0.0100	get 0.0050% / 4h	21m 21s	$1.6M	$447K	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.390%Rate

Funding earned: $0
Price spread: −0.390% → −0.184%: −$20.56
Slippage, 4 orders: −$303.23
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$339.79
Costs to cover: 3.192%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, just now.

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	0.75 bp	8.4 bp −$8	56.1 bp −$561	124.8 bp −$12.5K	613.3 bp −$306.7K
Sell Bitget live order book, just now	8.27 bp	145.9 bp −$146	doesn't fit	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	−6.367%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0049%	4h	0.06671	−0.060%	$580K	$108K	25x	as long as short
KuCoin HUSDTM	+0.0050%	4h	0.06670	−0.075%	$1.6M	$10.0M	8x	as long as short
Aster HUSDT	+0.0100%	4h	0.06676	+0.018%	$109K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06674	−0.009%	$14.3M	$11.0M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06659	−0.234%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06677	+0.030%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06669	−0.090%	$2.7M	$1.8M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06675	long leg	$6.0M	$1.1M	20x
Bitget HUSDTshort	+0.0100%	4h	0.06649	−0.390%	$1.6M	$447K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06668	−0.105%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06677	+0.026%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06673	−0.027%	$1.1M	$423K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06671	−0.061%	$10K	$102K	5x	as long as short