Settings8H · net · $10k
Funding arb · Price arb /

ARX

all ARX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0258%/8h= −28.3% APRnext payment $1.29 per $10,000 · paid last 24h −0.108%
Price spread now: KuCoin against MEXC−0.113%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$578as in the Funding arb table
Net, price: spread back to 7d avg − costs−$539as in the Price arb table
costs, in and out, $10k−$5345.336% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.440%−$44 on $10k
Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.113%, 7d avg −0.059%
Together, before fees−0.512%−$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.054% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ARX_USDT0.22110.0358pay 0.0179% / 4h3h 02m$884K$478K20x
ShortKuCoin ARXUSDTM0.22080.0100get 0.0050% / 4h3h 02m$775K$977K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$54.18
Price spread: −0.113% → −0.059%
−$5.44
Slippage, 4 orders
−$513.63
Fee MEXC: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$593.25
Costs to cover
5.336%
Break-even
never at this rate
Slippage from MEXC: live order book, 18 min ago; KuCoin: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 18 min ago2.28 bp18.9 bp −$1962.8 bp −$628283.8 bp −$28.4K777.4 bp −$388.7K
Sell KuCoin live order book, 52 min ago12.23 bp239.6 bp −$240doesn't fitdoesn't fitdoesn't fit

ARX on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ARXUSDT+0.0100%4h0.22110.000%$4.4M$3.0M20xas long as short
OKX ARX-USDT-SWAP+0.0100%4h0.2208−0.136%$792K$3.9M20xas long as short
Gate ARX_USDT+0.0100%4h0.2226+0.678%$1.1M$492K20xas long as short
KuCoin ARXUSDTMshort+0.0100%4h0.2208−0.113%$775K$977K20x
Bitget ARXUSDT+0.0100%4h0.2212+0.032%$2.1M$1.9M20xas long as short
BloFin ARX-USDT+0.0152%4h0.2206−0.226%$253K$52K20xas long as short
MEXC ARX_USDTlong+0.0358%4h0.2211long leg$884K$478K20x
Binance ARXUSDT+0.0358%4h0.2211−0.010%$5.8M$12.8M20xas long as short
BingX ARX-USDT+0.0382%4h0.2210−0.045%$1.7Mas long as short
Aster ARXUSDT+0.0641%4h0.2208−0.154%$84K$111K10xas long as short