Funding arb · Price arb /

W

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0860%/8h= −94.2% APRpaid last 24h −0.185%

Price spread now: Deribit against MEXC0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$26 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC W_USDT	0.01187	0.0100	pay 0.0050% / 4h	18m 07s	$12.8M	$1.4M	50x
Short	Deribit W_USDC-PERPETUAL	0.01187	−0.0760	pay 0.0095% / 1h	18m 07s	$16K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$180.57
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$191.57
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.

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	3.36 bp	10.6 bp −$11	59.4 bp −$594	96.1 bp −$9,606	178.0 bp −$89.0K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPETUALshort	−0.0760%	1h	0.01187	0.000%	$16K	$2K	10x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.845%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01188	+0.076%	$2.0M	$341K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01188	+0.101%	$3.0M	$6.5M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01187	−0.008%	$4.2M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01187	+0.008%	$1.3M	$1.9M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01187	−0.008%	$449K	$229K	75x	as long as short
MEXC W_USDTlong	+0.0100%	4h	0.01187	long leg	$12.8M	$1.4M	50x
KuCoin WUSDTM	+0.0100%	4h	0.01185	−0.177%	$384K	$213K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01188	+0.076%	$1.3M	$574K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01188	+0.093%	—	$6.8M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01185	−0.153%	$71K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01188	+0.082%	$128K	$414K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01186	−0.059%	$62K	$233K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0360%	1h	0.01190	+0.219%	$14K	$15K	50x	as long as short
Backpack W_USDC_PERP	+0.0916%	1h	0.01190	+0.211%	$44K	$43K	15x	as long as short
Kraken Futures PF_WUSD	+0.1681%	1h	0.01190	+0.205%	$147K	$183K	20x	as long as short