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: MEXC against Bitget+0.013%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on Bitget 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)−0.068%−$7 · spread now +0.013%, 7d avg −0.040%

Together, before fees−0.091%−$9 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 0.053% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LAYERUSDT	0.07727	0.0100	pay 0.0050% / 4h	0m 00s	$1.1M	$138K	50x
Short	MEXC LAYER_USDT	0.07728	0.0100	get 0.0050% / 4h	0m 00s	$366K	$122K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.040%: $5.29
Slippage, 4 orders: −$78.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$85.16
Costs to cover: 0.904%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 40 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 Bitget live order book, 1 min ago	9.06 bp	32.8 bp −$33	214.0 bp −$2,140	doesn't fit	doesn't fit
Sell MEXC live order book, 40 min ago	1.31 bp	18.8 bp −$19	55.8 bp −$558	211.4 bp −$21.1K	doesn't fit

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0506%	1h	0.07729	+0.026%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.863%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07739	+0.155%	$600K	$167K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07724	−0.037%	$10K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07725	−0.025%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07718	−0.116%	$722K	$734K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07730	+0.039%	$139K	$47K	20x	as long as short
MEXC LAYER_USDTshort	+0.0100%	4h	0.07728	+0.013%	$366K	$122K	20x
Bitget LAYERUSDTlong	+0.0100%	4h	0.07727	long leg	$1.1M	$138K	50x
BingX LAYER-USDT	+0.0100%	4h	0.07726	−0.013%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07720	−0.091%	$17K	$193K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07723	−0.054%	$839	$169K	5x	as long as short
BloFin LAYER-USDT	+0.0145%	4h	0.07721	−0.078%	$115K	$16K	50x	as long as short