Funding arb · Price arb /

ARX

all ARX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: OKX against KuCoin+0.150%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$744as in the Funding arb table

Net, price: spread back to 7d avg − costs−$728as in the Price arb table

costs, in and out, $10k−$7427.417% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.150%, 7d avg +0.007%

Together, before fees−0.168%−$17 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 0.142% dearer against KuCoin than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARXUSDTM	0.2006	0.0100	pay 0.0050% / 4h	1h 27m	$694K	$679K	20x
Short	OKX ARX-USDT-SWAP	0.2009	0.0100	get 0.0050% / 4h	1h 27m	$717K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.007%: $14.24
Slippage, 4 orders: −$719.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$727.51
Costs to cover: 7.417%
Break-even: never at this rate

Slippage from KuCoin: live order book, 46 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 KuCoin live order book, 46 min ago	11.11 bp	297.0 bp −$297	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.49 bp	43.9 bp −$44	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
OKX ARX-USDT-SWAPshort	+0.0100%	4h	0.2009	+0.150%	$717K	$2.9M	20x
Gate ARX_USDT	+0.0100%	4h	0.2014	+0.399%	$1.0M	$430K	20x	as long as short
KuCoin ARXUSDTMlong	+0.0100%	4h	0.2006	long leg	$694K	$679K	20x
BloFin ARX-USDT	+0.0116%	4h	0.2009	+0.150%	$235K	$51K	20x	as long as short
Bitget ARXUSDT	+0.0220%	4h	0.2008	+0.105%	$1.9M	$1.7M	20x	as long as short
Binance ARXUSDT	+0.0303%	4h	0.2007	+0.029%	$5.5M	$11.0M	20x	as long as short
MEXC ARX_USDT	+0.0314%	4h	0.2006	0.000%	$861K	$402K	20x	as long as short
Bybit ARXUSDT	+0.0528%	4h	0.2008	+0.100%	$4.0M	$2.3M	20x	as long as short
BingX ARX-USDT	+0.0540%	4h	0.2008	+0.100%	—	$1.7M	—	as long as short
Aster ARXUSDT	+0.0554%	4h	0.2007	+0.047%	$101K	$73K	10x	as long as short