Funding arb · Price arb /

H

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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 0.000%

Price spread now: Bybit against MEXC−0.177%7-day average −0.276% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1051.050% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 7 days−0.127%−$13 · spread now −0.177%, 7d avg −0.276%

Together, before fees−0.389%−$39 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: Bybit is 0.099% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.276%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06889	0.0100	pay 0.0050% / 4h	2h 03m	$6.2M	$1.1M	20x
Short	Bybit HUSDT	0.06877	0.0100	get 0.0050% / 4h	2h 03m	$7.5M	$4.5M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → −0.276%: $9.93
Slippage, 4 orders: −$89.97
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.05
Costs to cover: 1.050%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: 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, 4 min ago	0.73 bp	10.8 bp −$11	58.9 bp −$589	133.8 bp −$13.4K	575.1 bp −$287.5K
Sell Bybit live order book, 4 min ago	0.73 bp	37.3 bp −$37	169.7 bp −$1,697	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	−9.276%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0050%	4h	0.06874	−0.218%	$591K	$112K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06884	−0.072%	$115K	$48K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06891	+0.029%	$14.8M	$10.4M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06877	−0.177%	$7.5M	$4.5M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06892	+0.044%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06879	−0.145%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06889	long leg	$6.2M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06883	−0.087%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06869	−0.290%	$1.7M	$455K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06887	−0.029%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06868	−0.309%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06906	+0.247%	$1.1M	$469K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06887	−0.026%	$11K	$107K	5x	as long as short