Funding arb · Price arb /

IO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.094%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$920.917% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.094%, 7d avg +0.056%

Together, before fees−0.038%−$4 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 0.038% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IO_USDT	0.1489	0.0100	pay 0.0050% / 4h	1h 03m	$1.2M	$227K	125x
Short	Binance IOUSDT	0.1490	0.0100	get 0.0050% / 4h	1h 03m	$3.0M	$5.0M	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 +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.056%: $3.76
Slippage, 4 orders: −$77.71
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.95
Costs to cover: 0.917%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Binance: 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, 3 min ago	3.35 bp	25.1 bp −$25	170.9 bp −$1,709	294.9 bp −$29.5K	doesn't fit
Sell Binance live order book, 4 min ago	3.35 bp	21.5 bp −$21	105.2 bp −$1,052	doesn't fit	doesn't fit

IO 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
Hyperliquid IO	+0.0100%	1h	0.1491	+0.161%	$996K	$267K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1491	+0.134%	$23K	$42K	5x	as long as short
Binance IOUSDTshort	+0.0100%	4h	0.1490	+0.094%	$3.0M	$5.0M	50x
Bybit IOUSDT	+0.0100%	4h	0.1488	−0.060%	$1.1M	$662K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1492	+0.195%	$231K	$480K	50x	as long as short
MEXC IO_USDTlong	+0.0100%	4h	0.1489	long leg	$1.2M	$227K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1490	+0.067%	$336K	$191K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1493	+0.269%	$1.4M	$994K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1490	+0.067%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1492	+0.184%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1491	+0.140%	$2K	$207K	5x	as long as short
BloFin IO-USDT	+0.0141%	4h	0.1493	+0.269%	$192K	$34K	50x	as long as short
Injective IO/USDC PERP	+0.0204%	1h	0.1498	+0.604%	$2K	$201	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.8630%	1h	0.1493	+0.236%	$39K	$7K	10x	as long as short