Funding arb · Price arb /

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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: Binance against MEXC+0.038%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.038%, 7d avg +0.011%

Together, before fees+0.023%+$2 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: Binance is 0.027% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ID_USDT	0.03781	0.0100	pay 0.0050% / 4h	1h 57m	$410K	$184K	20x
Short	Binance IDUSDT	0.03782	0.0100	get 0.0050% / 4h	1h 57m	$2.4M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.011%: $2.74
Slippage, 4 orders: −$44.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.49
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from MEXC: live order book, 53 min ago; Binance: live order book, 9 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, 53 min ago	1.33 bp	9.8 bp −$10	27.8 bp −$278	123.3 bp −$12.3K	192.7 bp −$96.3K
Sell Binance live order book, 9 min ago	1.32 bp	18.5 bp −$19	75.0 bp −$750	doesn't fit	doesn't fit

ID 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
Aster IDUSDT	+0.0100%	4h	0.03768	−0.332%	$9K	$147	5x	as long as short
Binance IDUSDTshort	+0.0100%	4h	0.03782	+0.038%	$2.4M	$3.7M	50x
Bybit IDUSDT	+0.0100%	8h	0.03781	0.000%	$1.4M	$1.1M	25x	as long as short
Gate ID_USDT	+0.0100%	4h	0.03779	−0.053%	$250K	$241K	25x	as long as short
MEXC ID_USDTlong	+0.0100%	4h	0.03781	long leg	$410K	$184K	20x
KuCoin IDUSDTM	+0.0100%	4h	0.03777	−0.106%	$1.1M	$67K	30x	as long as short
Bitget IDUSDT	+0.0100%	4h	0.03786	+0.132%	$808K	$631K	50x	as long as short
BingX ID-USDT	+0.0100%	4h	0.03774	−0.185%	—	$2.3M	—	as long as short
Variational Omni ID	+0.0100%	8h	0.03780	−0.031%	$12K	$20K	—	as long as short
Kraken Futures PF_IDUSD	+0.0629%	1h	0.03775	−0.164%	$4K	$2K	10x	as long as short