Funding arb · Price arb /

ATH

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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 −0.001%

Price spread now: OKX against MEXC−0.161%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1051.055% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now −0.161%, 7d avg −0.139%

Together, before fees−0.212%−$21 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 0.022% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ATH_USDT	0.005581	0.0100	pay 0.0050% / 4h	52m 16s	$8.9M	$548K	50x
Short	OKX ATH-USDT-SWAP	0.005572	0.0100	get 0.0050% / 4h	52m 16s	$707K	$1.2M	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 −0.161%Rate

Funding earned: $0
Price spread: −0.161% → −0.139%: −$2.22
Slippage, 4 orders: −$87.49
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$107.71
Costs to cover: 1.055%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: live order book, 4 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, 1 min ago	2.69 bp	16.8 bp −$17	63.2 bp −$632	139.4 bp −$13.9K	doesn't fit
Sell OKX live order book, 4 min ago	4.48 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.3561%	1h	0.005575	−0.107%	$19K	$106K	10x	as long as short
dYdX ATH-USD	0.0000%	1h	0.005584	+0.058%	$11K	$16	5x	as long as short
Variational Omni ATH	+0.0065%	4h	0.005571	−0.185%	$187K	$94K	—	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005584	+0.060%	$4K	$37K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005580	−0.018%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005571	−0.179%	$4.5M	$2.3M	25x	as long as short
OKX ATH-USDT-SWAPshort	+0.0100%	4h	0.005572	−0.161%	$707K	$1.2M	20x
Gate ATH_USDT	+0.0100%	4h	0.005577	−0.072%	$795K	$514K	30x	as long as short
MEXC ATH_USDTlong	+0.0100%	4h	0.005581	long leg	$8.9M	$548K	50x
KuCoin ATHUSDTM	+0.0100%	4h	0.005580	−0.018%	$570K	$78K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005585	+0.072%	$1.6M	$793K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005578	−0.054%	—	$21.9M	—	as long as short
BloFin ATH-USDT	+0.0118%	4h	0.005586	+0.090%	$172K	$63K	75x	as long as short