Funding arb · Price arb /

AT

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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 +0.004%

Price spread now: OKX against MEXC+0.063%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1541.537% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now +0.063%, 7d avg +0.142%

Together, before fees+0.154%+$15 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 0.078% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AT_USDT	0.1579	0.0100	pay 0.0050% / 4h	1h 06m	$239K	$169K	50x
Short	OKX AT-USDT-SWAP	0.1580	0.0100	get 0.0050% / 4h	1h 06m	$217K	$559K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.142%: −$7.84
Slippage, 4 orders: −$139.74
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$161.58
Costs to cover: 1.537%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; OKX: live order book, 34 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, 9 min ago	3.16 bp	15.8 bp −$16	87.9 bp −$879	301.5 bp −$30.1K	doesn't fit
Sell OKX live order book, 34 min ago	6.27 bp	56.1 bp −$56	doesn't fit	doesn't fit	doesn't fit

AT 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
Binance ATUSDT	+0.0100%	4h	0.1578	−0.071%	$8.6M	$3.7M	50x	as long as short
OKX AT-USDT-SWAPshort	+0.0100%	4h	0.1580	+0.063%	$217K	$559K	20x
Gate AT_USDT	+0.0100%	4h	0.1577	−0.101%	$153K	$191K	20x	as long as short
MEXC AT_USDTlong	+0.0100%	4h	0.1579	long leg	$239K	$169K	50x
KuCoin ATUSDTM	+0.0100%	4h	0.1577	−0.127%	$256K	$161K	50x	as long as short
Bitget ATUSDT	+0.0100%	4h	0.1579	0.000%	$667K	$183K	50x	as long as short
BloFin AT-USDT	+0.0109%	4h	0.1576	−0.190%	$361K	$8K	50x	as long as short
Aster ATUSDT	+0.0245%	4h	0.1576	−0.184%	$32K	$14K	5x	as long as short
Bybit ATUSDT	+0.0301%	4h	0.1579	+0.006%	$529K	$1.1M	25x	as long as short
BingX AT-USDT	+0.0348%	4h	0.1579	0.000%	—	$6.5M	—	as long as short