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

A

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SwapBacktest
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: MEXC against OKX+0.011%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1361.360% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 7 days−0.025%−$3 · spread now +0.011%, 7d avg −0.042%
Together, before fees−0.051%−$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 0.052% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX A-USDT-SWAP0.093240.0100pay 0.0050% / 4h1h 37m$745K$515K10x
ShortMEXC A_USDT0.093250.0100get 0.0050% / 4h1h 37m$4.0M$143K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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
Price spread: +0.011% → −0.042%
$5.25
Slippage, 4 orders
−$122.02
Fee OKX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$130.77
Costs to cover
1.360%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 5 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 OKX live order book, 4 min ago4.82 bp50.5 bp −$516092.6 bp −$60.9K52590.2 bp −$5.26M242475.2 bp −$121.24M
Sell MEXC live order book, 5 min ago1.61 bp25.1 bp −$2566.9 bp −$669202.2 bp −$20.2Kdoesn't fit

A on 11 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
Injective A/USDC PERP+0.0033%1h0.08945−4.065%$1K$55.5xas long as short
BloFin A-USDT+0.0056%4h0.09335+0.118%$148K$7K75xas long as short
Binance AUSDT+0.0100%4h0.09326+0.016%$2.9M$3.2M75xas long as short
Bybit AUSDT+0.0100%4h0.09306−0.193%$3.2M$968K50xas long as short
OKX A-USDT-SWAPlong+0.0100%4h0.09324long leg$745K$515K10x
Gate A_USDT+0.0100%4h0.09325+0.011%$219K$67K50xas long as short
MEXC A_USDTshort+0.0100%4h0.09325+0.011%$4.0M$143K100x
KuCoin AUSDTM+0.0100%4h0.09327+0.032%$679K$47K75xas long as short
Bitget AUSDT+0.0100%4h0.09320−0.043%$895K$176K75xas long as short
BingX A-USDT+0.0100%4h0.09314−0.107%$6.5Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni A+0.0100%4h0.09308−0.168%$1K$1as long as short