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 +0.025%

Price spread now: MEXC against OKX+0.024%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.024%, 7d avg +0.070%

Together, before fees−0.110%−$11 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 0.047% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AR-USDT-SWAP	4.1820	0.0100	pay 0.0100% / 8h	2h 20m	$2.2M	$16.9M	20x
Short	MEXC AR_USDT	4.1830	0.0100	get 0.0100% / 8h	2h 20m	$5.7M	$4.3M	100x

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

Position, each leg$Hold fordaysFee OKXbpFee MEXCbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.070%: −$4.65
Slippage, 4 orders: −$34.05
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$52.71
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 2 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 OKX live order book, 3 min ago	2.40 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.39 bp	4.4 bp −$4	17.7 bp −$177	209.6 bp −$21.0K	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
Kraken Futures PF_ARUSD	−0.0924%	1h	4.1703	−0.281%	$51K	$179K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.1802	−0.044%	$537K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.1800	−0.048%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.1806	−0.035%	$41K	$464K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.1804	−0.037%	$8.3M	$52.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.1789	−0.074%	$4.1M	$9.3M	75x	as long as short
OKX AR-USDT-SWAPlong	+0.0100%	8h	4.1820	long leg	$2.2M	$16.9M	20x
Gate AR_USDT	+0.0100%	8h	4.1690	−0.311%	$2.3M	$2.9M	50x	as long as short
MEXC AR_USDTshort	+0.0100%	8h	4.1830	+0.024%	$5.7M	$4.3M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.1790	−0.072%	$1.0M	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.1780	−0.096%	$3.7M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.1790	−0.072%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.1738	−0.197%	$234K	$626K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.1740	−0.191%	$20K	$716K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.1786	−0.081%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1720	−0.239%	$406K	$453K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+5.787%	$2K	$5K	5.5x	as long as short