Funding arb · Price arb /

IO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.201%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1081.079% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 7 days+0.043%+$4 · spread now +0.201%, 7d avg +0.117%

Together, before fees+0.170%+$17 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 0.083% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IO_USDT	0.1495	0.0100	pay 0.0050% / 4h	3h 46m	$1.2M	$213K	125x
Short	Bitget IOUSDT	0.1498	0.0100	get 0.0050% / 4h	3h 46m	$1.4M	$958K	50x

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 +0.201%Rate

Funding earned: $0
Price spread: +0.201% → +0.117%: $8.32
Slippage, 4 orders: −$91.92
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$99.6
Costs to cover: 1.079%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bitget: live order book, 5 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	3.34 bp	22.2 bp −$22	171.3 bp −$1,713	307.6 bp −$30.8K	doesn't fit
Sell Bitget live order book, 5 min ago	3.33 bp	35.1 bp −$35	161.8 bp −$1,618	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
BloFin IO-USDT	+0.0073%	4h	0.1499	+0.268%	$192K	$33K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1499	+0.247%	$1.0M	$275K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1497	+0.155%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1497	+0.134%	$3.0M	$4.9M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1496	+0.067%	$1.1M	$628K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1498	+0.227%	$230K	$443K	50x	as long as short
MEXC IO_USDTlong	+0.0100%	4h	0.1495	long leg	$1.2M	$213K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1498	+0.201%	$344K	$195K	50x	as long as short
Bitget IOUSDTshort	+0.0100%	4h	0.1498	+0.201%	$1.4M	$958K	50x
BingX IO-USDT	+0.0100%	4h	0.1497	+0.134%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1495	+0.017%	$30K	$18K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1497	+0.106%	$696	$209K	5x	as long as short
Injective IO/USDC PERP	+0.0277%	1h	0.1492	−0.201%	$2K	$196	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.9784%	1h	0.1501	+0.369%	$39K	$7K	10x	as long as short