Funding arb · Price arb /

AR

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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 −0.021%

Price spread now: MEXC against Bybit−0.007%7-day average +0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$910.907% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.007%, 7d avg +0.098%

Together, before fees+0.035%+$4 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 0.104% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.4523	0.0100	pay 0.0100% / 8h	4h 01m	$4.6M	$8.1M	75x
Short	MEXC AR_USDT	4.4520	0.0100	get 0.0100% / 8h	4h 01m	$6.3M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.098%: −$10.43
Slippage, 4 orders: −$75.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$101.12
Costs to cover: 0.907%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 1 min ago	1.12 bp	43.5 bp −$43	153.9 bp −$1,539	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.12 bp	3.1 bp −$3	21.3 bp −$213	212.9 bp −$21.3K	doesn't fit

AR 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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4504	−0.042%	$572K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0069%	8h	4.4520	−0.007%	$2.3M	$17.7M	20x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4527	+0.008%	$26K	$478K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4530	+0.016%	$8.7M	$49.9M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.4523	long leg	$4.6M	$8.1M	75x
Gate AR_USDT	+0.0100%	8h	4.4510	−0.029%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDTshort	+0.0100%	8h	4.4520	−0.007%	$6.3M	$4.2M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.4480	−0.097%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4500	−0.052%	$3.9M	$5.0M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4520	−0.007%	—	$2.8M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AR	+0.0100%	8h	4.4682	+0.358%	$236K	$246K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4690	+0.375%	$19K	$718K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4517	−0.013%	$37K	$236K	10x	as long as short
Hyperliquid AR	+0.0215%	1h	4.4597	+0.166%	$4.0M	$4.3M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4590	+0.150%	$421K	$467K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0698%	1h	4.4474	−0.111%	$60K	$159K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.4770	+0.555%	$2K	$5K	5.5x	as long as short