Funding arb · Price arb /

HOLO

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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 Bybit+0.015%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1581.577% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.015%, 7d avg −0.014%

Together, before fees−0.051%−$5 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 0.029% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HOLOUSDT	0.06590	0.0100	pay 0.0050% / 4h	3h 26m	$1.5M	$651K	25x
Short	MEXC HOLO_USDT	0.06591	0.0100	get 0.0050% / 4h	3h 26m	$577K	$183K	50x

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 +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.014%: $2.92
Slippage, 4 orders: −$142.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$154.77
Costs to cover: 1.577%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 38 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, 4 min ago	4.59 bp	60.6 bp −$61	1649.9 bp −$16.5K	doesn't fit	doesn't fit
Sell MEXC live order book, 38 min ago	2.29 bp	14.9 bp −$15	119.6 bp −$1,196	330.6 bp −$33.1K	doesn't fit

HOLO on 10 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
KuCoin HOLOUSDTM	−0.0430%	4h	0.06580	−0.152%	$206K	$118K	30x	as long as short
BloFin HOLO-USDT	+0.0042%	4h	0.06558	−0.486%	$163K	$19K	50x	as long as short
Aster HOLOUSDT	+0.0100%	4h	0.06586	−0.064%	$15K	$5K	5x	as long as short
Binance HOLOUSDT	+0.0100%	4h	0.06591	+0.015%	$2.5M	$2.2M	50x	as long as short
Bybit HOLOUSDTlong	+0.0100%	4h	0.06590	long leg	$1.5M	$651K	25x
Gate HOLO_USDT	+0.0100%	4h	0.06582	−0.121%	$245K	$63K	50x	as long as short
MEXC HOLO_USDTshort	+0.0100%	4h	0.06591	+0.015%	$577K	$183K	50x
Bitget HOLOUSDT	+0.0100%	4h	0.06583	−0.106%	$583K	$202K	20x	as long as short
BingX HOLO-USDT	+0.0100%	4h	0.06579	−0.167%	—	$6.6M	—	as long as short
Variational Omni HOLO	+0.0100%	4h	0.06544	−0.698%	$4K	$491	—	as long as short