Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Bybit against MEXC−0.119%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on MEXC Short on Bybit

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+0.119%+$12 · spread now −0.119%, 7d avg −0.087%

Together, before fees+0.134%+$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: Bybit is 0.032% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOT_USDT	0.0005035	0.0100	pay 0.0050% / 4h	1h 17m	$1.3M	$466K	200x
Short	Bybit NOTUSDT	0.0005029	0.0100	get 0.0050% / 4h	1h 17m	$2.1M	$816K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee MEXCbpFee BybitbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.087%: −$3.22
Slippage, 4 orders: −$61.53
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$79.74
Costs to cover: 0.765%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: 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 MEXC live order book, 4 min ago	0.99 bp	11.3 bp −$11	35.5 bp −$355	92.1 bp −$9,210	113.0 bp −$56.5K
Sell Bybit live order book, 4 min ago	2.98 bp	31.9 bp −$32	130.8 bp −$1,308	doesn't fit	doesn't fit

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	−0.0085%	4h	0.0005037	+0.037%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.198%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0059%	4h	0.0005041	+0.119%	$111K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005043	+0.155%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.099%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005041	+0.113%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005036	+0.020%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0005029	−0.119%	$2.1M	$816K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005033	−0.040%	$612K	$584K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005038	+0.060%	$140K	$79K	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_USDTlong	+0.0100%	4h	0.0005035	long leg	$1.3M	$466K	200x
KuCoin NOTUSDTM	+0.0100%	4h	0.0005033	−0.040%	$466K	$132K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005041	+0.119%	$662K	$387K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005033	−0.040%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005031	−0.080%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.6215%	1h	0.0005029	−0.121%	$49K	$10K	10x	as long as short