Funding arb · Price arb /

S

all S 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 −0.004%

Price spread now: MEXC against BingX−0.097%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.110%+$11 · spread now −0.097%, 7d avg +0.031%

Together, before fees+0.033%+$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 0.128% cheaper against BingX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX S-USDT	0.04123	0.0100	pay 0.0050% / 4h	1h 11m	—	$6.7M	—
Short	MEXC S_USDT	0.04119	0.0100	get 0.0050% / 4h	1h 11m	$4.0M	$1.8M	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 −0.097%Rate

Funding earned: $0
Price spread: −0.097% → +0.031%: −$12.85
Slippage, 4 orders: −$38.07
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$64.92
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 1 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, 6 min ago	4.86 bp	22.4 bp −$22	60.5 bp −$605	461.3 bp −$46.1K	753.9 bp −$377.0K
Sell MEXC live order book, 1 min ago	1.22 bp	3.6 bp −$4	55.4 bp −$554	269.3 bp −$26.9K	doesn't fit

S on 25 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
01 Exchange SUSD	−1.1704%	1h	0.03970	−3.711%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1673%	1h	0.04106	−0.408%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−2.450%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04123	−0.002%	$1K	—	100x	as long as short
Variational Omni S	−0.0114%	4h	0.04135	+0.296%	$641K	$31K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04126	+0.073%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04123	−0.001%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.558%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0069%	4h	0.04123	0.000%	$102K	$328K	10x	as long as short
Lighter S	+0.0096%	1h	0.04119	−0.097%	$172K	$157K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04125	+0.039%	$1.0M	$558K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04114	−0.227%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04122	−0.027%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04119	−0.097%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04123	0.000%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04119	−0.097%	$338K	$201K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.04119	−0.097%	$4.0M	$1.8M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04119	−0.097%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04122	−0.024%	$1.2M	$2.1M	50x	as long as short
BingX S-USDTlong	+0.0100%	4h	0.04123	long leg	—	$6.7M	—
ApeX Omni SUSDT	+0.0100%	1h	0.04120	−0.073%	$25K	$451K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04114	−0.219%	$231K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04132	+0.218%	$284K	$105K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0723%	1h	0.04113	−0.243%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1587%	1h	0.04110	−0.315%	$121K	$373K	5x	as long as short