Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: MEXC against Extended+0.027%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.027%, 7d avg +0.098%

Together, before fees−0.013%+ Points / potential airdropExtended: Active · farm board−$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 0.071% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended S-USD	0.03989	0.0104	pay 0.0013% / 1h	29m 59s	$225K	$1.1M	10x
Short	MEXC S_USDT	0.03990	0.0100	get 0.0050% / 4h	3h 29m	$3.7M	$1.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$0.84
Price spread: +0.027% → +0.098%: −$7.07
Slippage, 4 orders: −$71.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$88.72
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; MEXC: live order book, 2 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 Extended live order book, 3 min ago	5.02 bp	33.2 bp −$33	249.8 bp −$2,498	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.25 bp	3.3 bp −$3	32.3 bp −$323	254.1 bp −$25.4K	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	−0.3144%	1h	0.03990	+0.027%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2024%	1h	0.03991	+0.050%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03826	−4.084%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0817%	4h	0.03983	−0.139%	$619K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03993	+0.092%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03989	+0.006%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03992	+0.082%	$615	—	150x	as long as short
Orderly PERP_S_USDC	+0.0023%	4h	0.03991	+0.052%	$102K	$331K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.785%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03995	+0.153%	$163K	$191K	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	0.03992	+0.080%	$999K	$630K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03991	+0.044%	$44K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03992	+0.074%	$5.5M	$15.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03988	−0.023%	$5.7M	$5.0M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03990	+0.027%	$984K	$4.6M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03987	−0.048%	$326K	$216K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.03990	+0.027%	$3.7M	$1.9M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03992	+0.077%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03994	+0.128%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03991	+0.052%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03990	+0.027%	$116K	$321K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03990	+0.027%	$26K	$446K	50x	as long as short
Extended S-USDlong	+0.0104%	1h	0.03989	long leg	$225K	$1.1M	10x
BloFin S-USDT	+0.0340%	4h	0.03992	+0.077%	$269K	$127K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0501%	1h	0.03996	+0.178%	$67K	$10K	10x	as long as short