Funding arb · Price arb /

NOT

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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−0.119%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$850.852% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.119%, 7d avg −0.051%

Together, before fees+0.034%+$3 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 0.068% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005043	0.0100	pay 0.0050% / 4h	40m 58s	$669K	$412K	50x
Short	MEXC NOT_USDT	0.0005037	0.0100	get 0.0050% / 4h	40m 58s	$1.3M	$424K	200x

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 −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.051%: −$6.81
Slippage, 4 orders: −$69.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$92
Costs to cover: 0.852%
Break-even: never at this rate

Slippage from Bitget: live order book, 14 min ago; MEXC: 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 Bitget live order book, 14 min ago	7.91 bp	33.2 bp −$33	297.7 bp −$2,977	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	4.97 bp	14.8 bp −$15	59.0 bp −$590	96.4 bp −$9,643	117.5 bp −$58.7K

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	−0.0387%	4h	0.0005028	−0.306%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0256%	4h	0.0005027	−0.317%	$466K	$127K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.351%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005046	+0.058%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	−0.059%	$357K	$57K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005039	−0.087%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005040	−0.054%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005038	−0.099%	$2.1M	$849K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005042	−0.020%	$628K	$650K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005030	−0.258%	$140K	$69K	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	0.0005037	−0.119%	$1.3M	$424K	200x
Bitget NOTUSDTlong	+0.0100%	4h	0.0005043	long leg	$669K	$412K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005038	−0.099%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005039	−0.079%	$4K	$491	5x	as long as short
BloFin NOT-USDT	+0.0140%	4h	0.0005034	−0.178%	$111K	$16K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1716%	1h	0.0005031	−0.236%	$49K	$9K	10x	as long as short