Settings8H · net · $10k
Funding arb · Price arb /

NIL

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SwapBacktest
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: BingX against MEXC+0.200%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1231.230% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 7 days−0.132%−$13 · spread now +0.200%, 7d avg +0.022%
Together, before fees−0.135%−$13 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: BingX is 0.178% dearer against MEXC than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC NIL_USDT0.075160.0100pay 0.0050% / 4h22m 14s$2.5M$3.3M100x
ShortBingX NIL-USDT0.075310.0100get 0.0050% / 4h22m 14s$8.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.200% → +0.022%
$17.79
Slippage, 4 orders
−$108.97
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$105.18
Costs to cover
1.230%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago6.56 bp50.8 bp −$51134.0 bp −$1,340334.4 bp −$33.4K644.7 bp −$322.3K
Sell BingX live order book, 6 min ago5.90 bp23.4 bp −$2397.7 bp −$977456.2 bp −$45.6K739.2 bp −$369.6K

NIL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NILUSDT+0.0100%4h0.07529+0.173%$31K$294K5xas long as short
Binance NILUSDT+0.0100%4h0.075160.000%$5.8M$51.6M50xas long as short
Bybit NILUSDT+0.0100%4h0.07527+0.146%$4.2M$10.4M20xas long as short
Gate NIL_USDT+0.0100%4h0.07524+0.106%$469K$1.5M50xas long as short
MEXC NIL_USDTlong+0.0100%4h0.07516long leg$2.5M$3.3M100x
Bitget NILUSDT+0.0100%4h0.07536+0.266%$2.1M$6.3M50xas long as short
BingX NIL-USDTshort+0.0100%4h0.07531+0.200%$8.1M
Variational Omni NIL+0.0100%4h0.07644+1.698%$186K$252Kas long as short
KuCoin NILUSDTM+0.0102%4h0.07533+0.226%$581K$561K30xas long as short
Extended NIL-USD+0.0104%1h0.07518+0.024%$23K$189K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NIL-USDT+0.0133%4h0.07555+0.519%$374K$94K50xas long as short
Hyperliquid NIL+0.1722%1h0.07554+0.503%$4.9M$4.5M3xas long as short