Funding arb · Price arb /

NOT

all NOT markets

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 +0.013%

Price spread now: MEXC against Bybit+0.039%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$760.757% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.039%, 7d avg +0.088%

Together, before fees−0.055%−$5 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 0.049% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOTUSDT	0.0005098	0.0100	pay 0.0050% / 4h	3h 27m	$2.2M	$825K	25x
Short	MEXC NOT_USDT	0.0005100	0.0100	get 0.0050% / 4h	3h 27m	$1.4M	$465K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.088%: −$4.9
Slippage, 4 orders: −$60.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$80.63
Costs to cover: 0.757%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.94 bp	25.8 bp −$26	126.0 bp −$1,260	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.96 bp	11.0 bp −$11	27.8 bp −$278	87.2 bp −$8,724	107.5 bp −$53.7K

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
Kraken Futures PF_NOTUSD	−0.0332%	1h	0.0005103	+0.090%	$50K	$10K	10x	as long as short
Variational Omni NOT	−0.0151%	4h	0.0005090	−0.153%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.394%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0057%	4h	0.0005099	+0.020%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005111	+0.253%	$12K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005100	+0.039%	$373K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005105	+0.145%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005099	+0.014%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDTlong	+0.0100%	4h	0.0005098	long leg	$2.2M	$825K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005100	+0.039%	$634K	$607K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005095	−0.059%	$142K	$79K	50x	as long as short
MEXC NOT_USDTshort	+0.0100%	4h	0.0005100	+0.039%	$1.4M	$465K	200x
KuCoin NOTUSDTM	+0.0100%	4h	0.0005094	−0.078%	$465K	$136K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005105	+0.137%	$670K	$391K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005102	+0.078%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005098	−0.007%	$4K	$491	5x	as long as short