Funding arb · Price arb /

ARX

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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 −0.045%

Price spread now: OKX against Bybit+0.145%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$316as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$3063.059% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.145%, 7d avg −0.053%

Together, before fees−0.199%−$20 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: OKX is 0.199% dearer against Bybit than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARXUSDT	0.2063	0.0100	pay 0.0050% / 4h	2h 22m	$4.1M	$2.5M	20x
Short	OKX ARX-USDT-SWAP	0.2066	0.0100	get 0.0050% / 4h	2h 22m	$733K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → −0.053%: $19.86
Slippage, 4 orders: −$284.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$286.03
Costs to cover: 3.059%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	4.86 bp	77.8 bp −$78	2885.1 bp −$28.9K	84517.1 bp −$8.45M	doesn't fit
Sell OKX live order book, 5 min ago	4.87 bp	62.7 bp −$63	doesn't fit	doesn't fit	doesn't fit

ARX on 10 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
BloFin ARX-USDT	+0.0057%	4h	0.2063	0.000%	$239K	$42K	20x	as long as short
Binance ARXUSDT	+0.0100%	4h	0.2064	+0.060%	$5.5M	$11.7M	20x	as long as short
Bybit ARXUSDTlong	+0.0100%	4h	0.2063	long leg	$4.1M	$2.5M	20x
OKX ARX-USDT-SWAPshort	+0.0100%	4h	0.2066	+0.145%	$733K	$3.3M	20x
Gate ARX_USDT	+0.0100%	4h	0.2072	+0.436%	$1.1M	$443K	20x	as long as short
MEXC ARX_USDT	+0.0100%	4h	0.2061	−0.097%	$879K	$434K	20x	as long as short
KuCoin ARXUSDTM	+0.0100%	4h	0.2060	−0.160%	$720K	$836K	20x	as long as short
Bitget ARXUSDT	+0.0100%	4h	0.2062	−0.029%	$2.0M	$1.8M	20x	as long as short
BingX ARX-USDT	+0.0100%	4h	0.2066	+0.145%	—	$1.7M	—	as long as short
Aster ARXUSDT	+0.0242%	4h	0.2058	−0.242%	$78K	$101K	10x	as long as short