Funding arb · Price arb /

NOT

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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: MEXC against Binance+0.060%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.075%−$7 · spread now +0.060%, 7d avg −0.007%

Together, before fees−0.075%−$7 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 0.067% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOTUSDT	0.0004991	0.0100	pay 0.0050% / 4h	1h 52m	$2.0M	$2.7M	50x
Short	MEXC NOT_USDT	0.0004994	0.0100	get 0.0050% / 4h	1h 52m	$1.3M	$429K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.007%: $6.73
Slippage, 4 orders: −$49.36
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$56.63
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; MEXC: live order book, 2 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 Binance live order book, 6 min ago	1.00 bp	17.6 bp −$18	166.4 bp −$1,664	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.00 bp	12.2 bp −$12	45.8 bp −$458	91.2 bp −$9,115	108.9 bp −$54.5K

NOT on 16 exchanges

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
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.344%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0054%	4h	0.0004994	+0.060%	$108K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005002	+0.218%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004990	−0.020%	$332K	$68K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0004993	+0.050%	$14K	$3K	5x	as long as short
Binance NOTUSDTlong	+0.0100%	4h	0.0004991	long leg	$2.0M	$2.7M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0004986	−0.100%	$2.1M	$769K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0004992	+0.020%	$637K	$628K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005000	+0.180%	$139K	$58K	50x	as long as short
MEXC NOT_USDTshort	+0.0100%	4h	0.0004994	+0.060%	$1.3M	$429K	200x

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0004991	0.000%	$492K	$129K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0004999	+0.160%	$672K	$486K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0004989	−0.040%	—	$8.3M	—	as long as short
Variational Omni NOT	+0.0100%	4h	0.0004992	+0.015%	$71K	$37K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0004993	+0.041%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1051%	1h	0.0005005	+0.275%	$49K	$5K	10x	as long as short