Funding arb · Price arb /

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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: Bitget against MEXC+0.025%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1061.061% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.025%, 7d avg −0.035%

Together, before fees−0.045%−$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: Bitget is 0.061% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC W_USDT	0.01186	0.0100	pay 0.0050% / 4h	2h 13m	$12.4M	$1.4M	50x
Short	Bitget WUSDT	0.01186	0.0100	get 0.0050% / 4h	2h 13m	$1.3M	$582K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.035%: $6.07
Slippage, 4 orders: −$90.07
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100
Costs to cover: 1.061%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 3 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, 5 min ago	0.42 bp	28.6 bp −$29	64.7 bp −$647	99.8 bp −$9,983	200.6 bp −$100.3K
Sell Bitget live order book, 3 min ago	8.48 bp	34.1 bp −$34	119.8 bp −$1,198	doesn't fit	doesn't fit

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	0.0000%	1h	0.01185	−0.051%	$14K	$3K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.965%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01186	+0.025%	$2.0M	$287K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01185	−0.042%	$3.0M	$5.5M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01184	−0.177%	$4.1M	$1.6M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01184	−0.101%	$1.3M	$1.6M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01186	−0.008%	$430K	$248K	75x	as long as short
MEXC W_USDTlong	+0.0100%	4h	0.01186	long leg	$12.4M	$1.4M	50x
KuCoin WUSDTM	+0.0100%	4h	0.01185	−0.059%	$398K	$193K	50x	as long as short
Bitget WUSDTshort	+0.0100%	4h	0.01186	+0.025%	$1.3M	$582K	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	0.01185	−0.059%	—	$6.7M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	0.01187	+0.093%	$44K	$42K	15x	as long as short
Variational Omni W	+0.0100%	4h	0.01177	−0.721%	$72K	$40K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01179	−0.542%	$128K	$372K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01186	+0.003%	$60K	$146K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0400%	1h	0.01188	+0.177%	$14K	$14K	50x	as long as short
Kraken Futures PF_WUSD	+0.1722%	1h	0.01187	+0.092%	$148K	$189K	20x	as long as short