ARX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0348%/8h= −38.1% APRnext payment −$1.74 per $10,000 · paid last 24h −0.031%

Price spread now: Gate against MEXC+0.455%7-day average +0.451% · you sell dearer than you buy

Net, funding: paid 7d − costs−$624as in the Funding arb table

Net, price: spread back to 7d avg − costs−$611as in the Price arb table

costs, in and out, $10k−$6126.116% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.455%, 7d avg +0.451%

Together, before fees−0.307%−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.451%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ARX_USDT	0.1978	0.0448	pay 0.0224% / 4h	2h 53m	$846K	$417K	20x
Short	Gate ARX_USDT	0.1987	0.0100	get 0.0050% / 4h	2h 53m	$1.0M	$412K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now +0.455%Rate

Funding earned: −$73.08
Price spread: +0.455% → +0.451%: $0.39
Slippage, 4 orders: −$588.57
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$684.27
Costs to cover: 6.116%
Break-even: never at this rate

Slippage from MEXC: live order book, 7 min ago; Gate: live order book, 3 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 MEXC live order book, 7 min ago	2.51 bp	19.6 bp −$20	71.3 bp −$713	272.9 bp −$27.3K	808.6 bp −$404.3K
Sell Gate live order book, 3 min ago	10.04 bp	366.6 bp −$367	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
Gate ARX_USDTshort	+0.0100%	4h	0.1987	+0.455%	$1.0M	$412K	20x
KuCoin ARXUSDTM	+0.0100%	4h	0.1976	−0.111%	$696K	$756K	20x	as long as short
Bitget ARXUSDT	+0.0100%	4h	0.1982	+0.212%	$1.9M	$1.7M	20x	as long as short
OKX ARX-USDT-SWAP	+0.0326%	4h	0.1987	+0.455%	$723K	$2.9M	20x	as long as short
BloFin ARX-USDT	+0.0365%	4h	0.1980	+0.101%	$234K	$47K	20x	as long as short
MEXC ARX_USDTlong	+0.0448%	4h	0.1978	long leg	$846K	$417K	20x
Binance ARXUSDT	+0.0450%	4h	0.1982	+0.182%	$5.3M	$11.1M	20x	as long as short
Aster ARXUSDT	+0.0604%	4h	0.1977	−0.053%	$76K	$96K	10x	as long as short
Bybit ARXUSDT	+0.0735%	4h	0.1984	+0.303%	$4.0M	$2.2M	20x	as long as short
BingX ARX-USDT	+0.0778%	4h	0.1983	+0.253%	—	$1.7M	—	as long as short