Settings8H · net · $10k
Funding arb · Price arb /

W

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0004%/8hpaid last 24h −0.001%
Price spread now: MEXC against Extended−0.002%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1511.508% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.002%, 7d avg +0.023%
Together, before fees+0.020%+ Points / potential airdropExtended: Active · farm board+$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 0.026% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended W-USD0.011710.0104pay 0.0013% / 1h31m 11s$59K$276K5x
ShortMEXC W_USDT0.011710.0100get 0.0050% / 4h31m 11s$12.9M$1.8M50x

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

Funding earned
−$0.84
Price spread: −0.002% → +0.023%
−$2.55
Slippage, 4 orders
−$141.83
Fee Extended: 2.5 bp × 2 orders
−$5
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$154.22
Costs to cover
1.508%
Break-even
never at this rate
Slippage from Extended: live order book, 8 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 8 min ago1.71 bp98.2 bp −$98413.4 bp −$4,134doesn't fitdoesn't fit
Sell MEXC live order book, 1 min ago1.28 bp7.9 bp −$854.8 bp −$54891.1 bp −$9,113172.2 bp −$86.1K

W on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit W_USDC-PERPETUAL0.0000%1h0.01171+0.015%$18K$35110xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+3.260%$1K$10K12xas long as short
Hyperliquid W+0.0100%1h0.01170−0.071%$2.0M$511K5xas long as short
Binance WUSDT+0.0100%4h0.01171−0.003%$3.0M$8.0M50xas long as short
Bybit WUSDT+0.0100%4h0.01169−0.165%$4.1M$2.2M50xas long as short
OKX W-USDT-SWAP+0.0100%4h0.01169−0.122%$1.3M$2.3M20xas long as short
Gate W_USDT+0.0100%4h0.01169−0.148%$442K$321K75xas long as short
MEXC W_USDTshort+0.0100%4h0.01171−0.002%$12.9M$1.8M50x
KuCoin WUSDTM+0.0100%4h0.01169−0.156%$413K$243K50xas long as short
Bitget WUSDT+0.0100%4h0.01171+0.015%$1.2M$578K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01169−0.122%$6.9Mas long as short
Backpack W_USDC_PERP+0.0100%1h0.01172+0.066%$37K$48K15xas long as short
Variational Omni W+0.0100%4h0.01166−0.446%$70K$42Kas long as short
GRVT W_USDT_Perp+0.0100%4h0.01169−0.121%$121K$449K10xas long as short
Extended W-USDlong+0.0104%1h0.01171long leg$59K$276K5x
Coinbase International W-PERP-INTX+0.0120%1h0.01175+0.331%$14K$19K50xas long as short
Kraken Futures PF_WUSD+0.1075%1h0.01173+0.191%$145K$189K20xas long as short