Funding arb · Price arb /

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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 0.000%

Price spread now: MEXC against BingX0.000%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now 0.000%, 7d avg +0.021%

Together, before fees+0.020%+$2 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 0.021% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SENT-USDT	0.01912	0.0100	pay 0.0050% / 4h	2h 00m	—	$1.8M	—
Short	MEXC SENT_USDT	0.01912	0.0100	get 0.0050% / 4h	2h 00m	$478K	$241K	20x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.021%: −$2.11
Slippage, 4 orders: −$78.79
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$94.9
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; MEXC: live order book, 59 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, 2 min ago	7.84 bp	31.9 bp −$32	91.7 bp −$917	546.9 bp −$54.7K	1116.4 bp −$558.2K
Sell MEXC live order book, 59 min ago	2.62 bp	14.9 bp −$15	68.8 bp −$688	299.8 bp −$30.0K	doesn't fit

SENT on 10 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
Aster SENTUSDT	+0.0100%	4h	0.01912	−0.013%	$8K	$6K	5x	as long as short
Binance SENTUSDT	+0.0100%	4h	0.01912	+0.013%	$6.1M	$3.2M	75x	as long as short
Bybit SENTUSDT	+0.0100%	4h	0.01911	−0.058%	$1.9M	$1.0M	50x	as long as short
OKX SENT-USDT-SWAP	+0.0100%	4h	0.01911	−0.052%	$1.1M	$790K	50x	as long as short
Gate SENT_USDT	+0.0100%	4h	0.01911	−0.052%	$269K	$82K	50x	as long as short
MEXC SENT_USDTshort	+0.0100%	4h	0.01912	0.000%	$478K	$241K	20x
KuCoin SENTUSDTM	+0.0100%	4h	0.01909	−0.157%	$569K	$123K	50x	as long as short
Bitget SENTUSDT	+0.0100%	4h	0.01911	−0.052%	$1.1M	$357K	20x	as long as short
BingX SENT-USDTlong	+0.0100%	4h	0.01912	long leg	—	$1.8M	—
SunX SENT-USDT	+0.0100%	4h	0.01911	−0.052%	$3K	$1.2M	20x	as long as short