Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.093%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.093%−$9 · spread now +0.093%, 7d avg −0.005%

Together, before fees−0.092%−$9 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: Binance is 0.097% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.03985	0.0100	pay 0.0050% / 4h	2h 31m	$3.6M	$1.7M	200x
Short	Binance SUSDT	0.03989	0.0100	get 0.0050% / 4h	2h 31m	$5.7M	$13.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.005%: $9.75
Slippage, 4 orders: −$43.04
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$47.29
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Binance: live order book, 9 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, 1 min ago	1.25 bp	3.9 bp −$4	91.0 bp −$910	275.6 bp −$27.6K	doesn't fit
Sell Binance live order book, 9 min ago	1.27 bp	25.5 bp −$26	82.8 bp −$828	doesn't fit	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	−0.8856%	1h	0.03850	−3.388%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1825%	1h	0.03985	−0.008%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03961	−0.602%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03986	+0.013%	$1K	—	100x	as long as short
Variational Omni S	−0.0125%	4h	0.03973	−0.304%	$617K	$30K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03985	+0.010%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03987	+0.042%	$614	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.886%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03987	+0.050%	$99K	$519K	10x	as long as short
Lighter S	+0.0096%	1h	0.03990	+0.125%	$169K	$139K	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	0.03986	+0.025%	$1.0M	$594K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03987	+0.039%	$46K	$142K	10x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.03989	+0.093%	$5.7M	$13.8M	75x
Bybit SUSDT	+0.0100%	4h	0.03983	−0.050%	$5.7M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03986	+0.025%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03983	−0.050%	$324K	$185K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.03985	long leg	$3.6M	$1.7M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03983	−0.050%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03989	+0.100%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03984	−0.025%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03980	−0.125%	$24K	$484K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03985	−0.008%	$224K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03976	−0.226%	$269K	$107K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.1004%	1h	0.03991	+0.151%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2100%	1h	0.04010	+0.627%	$117K	$426K	5x	as long as short