Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.054%

Price spread now: Bybit against MEXC+0.150%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.150%, 7d avg −0.020%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.170% dearer against MEXC than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1461	−0.0156	get 0.0078% / 4h	2h 16m	$6.8M	$142K	100x
Short	Bybit EURUSDUSDT	1.1478	0	get 0.0000% / 8h	6h 16m	$641K	$341K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.150%Rate

Funding earned: $32.76
Price spread: +0.150% → −0.020%: $17.03
Slippage, 4 orders: −$18.95
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $11.84
Costs to cover: 0.380%
Break-even: 4.5 days

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 31 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, 4 min ago	0.44 bp	5.2 bp −$5	5.3 bp −$53	36.8 bp −$3,678	110.0 bp −$55.0K
Sell Bybit live order book, 31 min ago	3.66 bp	15.8 bp −$16	43.7 bp −$437	doesn't fit	doesn't fit

EUR on 18 exchanges

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
MEXC EUR_USDTlong	−0.0156%	4h	1.1461	long leg	$6.8M	$142K	100x
Kraken Futures PF_EURUSD	−0.0140%	1h	1.1456	−0.047%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0032%	1h	1.1463	+0.016%	$191K	$301K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1467	+0.056%	$2.1M	$517K	50x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1478	+0.150%	$641K	$341K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1463	+0.017%	$144K	$3K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1459	−0.017%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1464	+0.026%	—	$1.8M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1467	+0.052%	$12K	$276K	20x	as long as short
Bitget EURUSDUSDT	+0.0029%	8h	1.1470	+0.079%	$263K	$27K	100x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1459	−0.017%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.047%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1491	+0.262%	—	$202K	100x	as long as short
tradeXYZ xyz:EUR	+0.0085%	1h	1.1465	+0.035%	$23.2M	$1.9M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1459	−0.014%	$191K	$60K	50x	as long as short
Hotstuff EURUSD-PERP	+0.0104%	1h	1.1465	+0.035%	$33K	—	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1464	+0.025%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0424%	1h	1.1462	+0.011%	$155K	$8.1M	30x	as long as short