Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.123%

Price spread now: OKX against MEXC+0.043%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.043%, 7d avg −0.048%

Together, before fees−0.014%−$1 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 0.091% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CAP_USDT	0.04637	0.0100	pay 0.0050% / 4h	27m 03s	$530K	$232K	20x
Short	OKX CAP-USDT-SWAP	0.04639	0.0100	get 0.0050% / 4h	27m 03s	$2.0M	$7.3M	10x

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 +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.048%: $9.12
Slippage, 4 orders: −$38.79
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.67
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from MEXC: live order book, 23 min ago; OKX: live order book, 6 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, 23 min ago	2.18 bp	11.7 bp −$12	49.3 bp −$493	245.9 bp −$24.6K	784.3 bp −$392.2K
Sell OKX live order book, 6 min ago	1.08 bp	14.5 bp −$15	90.6 bp −$906	doesn't fit	doesn't fit

CAP on 14 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
KuCoin CAPUSDTM	−0.0210%	4h	0.04634	−0.065%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04633	−0.089%	—	—	150x	as long as short
BloFin CAP-USDT	+0.0055%	4h	0.04631	−0.129%	$370K	$60K	10x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04636	−0.022%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04636	−0.028%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04636	−0.032%	$26K	$67K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04639	+0.043%	$8.8M	$9.0M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04636	−0.022%	$4.5M	$4.2M	10x	as long as short
OKX CAP-USDT-SWAPshort	+0.0100%	4h	0.04639	+0.043%	$2.0M	$7.3M	10x
Gate CAP_USDT	+0.0100%	4h	0.04635	−0.043%	$324K	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CAP_USDTlong	+0.0100%	4h	0.04637	long leg	$530K	$232K	20x
Bitget CAPUSDT	+0.0100%	4h	0.04634	−0.065%	$1.0M	$606K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04641	+0.090%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04638	+0.017%	$4K	$1K	10x	as long as short