Funding arb · Price arb /

W

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget0.000%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 7 days−0.001%$0 · spread now 0.000%, 7d avg +0.031%

Together, before fees−0.046%−$5 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 0.031% cheaper against Bitget than usual: you would sell low and buy high, −$3 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	Bitget WUSDT	0.01181	0.0100	pay 0.0050% / 4h	3h 46m	$1.3M	$539K	50x
Short	MEXC W_USDT	0.01181	0.0100	get 0.0050% / 4h	3h 46m	$12.4M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.031%: −$3.09
Slippage, 4 orders: −$57.6
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$76.69
Costs to cover: 0.736%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	8.48 bp	27.4 bp −$27	166.2 bp −$1,662	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	4.24 bp	9.1 bp −$9	48.6 bp −$486	88.2 bp −$8,815	175.6 bp −$87.8K

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0004%	1h	0.01181	0.000%	$14K	$4K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.371%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01182	+0.085%	$2.0M	$271K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01181	0.000%	$3.0M	$5.0M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01179	−0.195%	$4.1M	$1.5M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01181	−0.025%	$1.3M	$1.5M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01176	−0.381%	$429K	$217K	75x	as long as short
MEXC W_USDTshort	+0.0100%	4h	0.01181	0.000%	$12.4M	$1.3M	50x
KuCoin WUSDTM	+0.0100%	4h	0.01179	−0.169%	$388K	$190K	50x	as long as short
Bitget WUSDTlong	+0.0100%	4h	0.01181	long leg	$1.3M	$539K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01180	−0.051%	—	$6.7M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01177	−0.300%	$71K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01178	−0.254%	$126K	$374K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01181	+0.007%	$59K	$388K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0384%	1h	0.01183	+0.127%	$13K	$13K	50x	as long as short
Backpack W_USDC_PERP	+0.0700%	1h	0.01183	+0.144%	$47K	$52K	15x	as long as short
Kraken Futures PF_WUSD	+0.0894%	1h	0.01183	+0.182%	$147K	$49K	20x	as long as short