Funding arb · Price arb /

NOT

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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: MEXC against BingX−0.020%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.020%, 7d avg +0.008%

Together, before fees−0.008%−$1 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 0.028% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NOT-USDT	0.0005065	0.0100	pay 0.0050% / 4h	3h 27m	—	$8.7M	—
Short	MEXC NOT_USDT	0.0005064	0.0100	get 0.0050% / 4h	3h 27m	$1.4M	$441K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.008%: −$2.76
Slippage, 4 orders: −$53.98
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70.74
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; MEXC: 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 BingX live order book, 11 min ago	0.98 bp	23.2 bp −$23	76.4 bp −$764	645.6 bp −$64.6K	doesn't fit
Sell MEXC live order book, 4 min ago	1.97 bp	13.9 bp −$14	47.1 bp −$471	88.0 bp −$8,800	105.5 bp −$52.7K

NOT on 16 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
Variational Omni NOT	−0.0310%	4h	0.0005075	+0.190%	$72K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0260%	4h	0.0005055	−0.197%	$472K	$128K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.771%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005074	+0.178%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.099%	$359K	$54K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005069	+0.085%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005065	+0.004%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005057	−0.158%	$2.1M	$847K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005061	−0.079%	$641K	$675K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005063	−0.039%	$140K	$70K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDTshort	+0.0100%	4h	0.0005064	−0.020%	$1.4M	$441K	200x
Bitget NOTUSDT	+0.0100%	4h	0.0005070	+0.099%	$673K	$415K	50x	as long as short
BingX NOT-USDTlong	+0.0100%	4h	0.0005065	long leg	—	$8.7M	—
Extended kNOT-USD	+0.0104%	1h	0.0005065	+0.008%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0150%	4h	0.0005074	+0.178%	$111K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1129%	1h	0.0005064	−0.010%	$49K	$7K	10x	as long as short