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

ESP

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SwapBacktest
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 0.000%
Price spread now: OKX against MEXC0.000%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$670.675% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.023%−$2 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now 0.000%, 7d avg +0.036%
Together, before fees−0.016%−$2 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 0.036% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ESP_USDT0.094240.0100pay 0.0050% / 4h54m 41s$1.2M$103K20x
ShortOKX ESP-USDT-SWAP0.094240.0100get 0.0050% / 4h54m 41s$595K$1.3M20x

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

Funding earned
$0
Price spread: 0.000% → +0.036%
−$3.57
Slippage, 4 orders
−$53.46
Fee MEXC: 2 bp × 2 orders
−$4
Fee OKX: 5 bp × 2 orders
−$10
Net
−$71.03
Costs to cover
0.675%
Break-even
never at this rate
Slippage from MEXC: live order book, 6 min ago; OKX: live order book, 2 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, 6 min ago0.53 bp8.4 bp −$845.0 bp −$450444.9 bp −$44.5Kdoesn't fit
Sell OKX live order book, 2 min ago0.53 bp17.0 bp −$17891.8 bp −$8,918doesn't fitdoesn't fit

ESP on 11 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
Aster ESPUSDT+0.0100%4h0.09424+0.004%$4K$24K5xas long as short
Binance ESPUSDT+0.0100%4h0.09424−0.002%$2.4M$4.2M25xas long as short
OKX ESP-USDT-SWAPshort+0.0100%4h0.094240.000%$595K$1.3M20x
Gate ESP_USDT+0.0100%8h0.09428+0.042%$170K$602K50xas long as short
MEXC ESP_USDTlong+0.0100%4h0.09424long leg$1.2M$103K20x
KuCoin ESPUSDTM+0.0100%4h0.09426+0.021%$1.5M$52K25xas long as short
Bitget ESPUSDT+0.0100%4h0.09427+0.028%$960K$122K20xas long as short
edgeX ESPUSDC+0.0103%4h0.09422−0.017%$29K$269K10xas long as short
BloFin ESP-USDT+0.0144%4h0.09420−0.042%$120K$35K25xas long as short
BingX ESP-USDT+0.2734%4h0.09418−0.064%$1.7Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ESPUSDT+0.2887%4h0.09401−0.244%$1.1M$586K50xas long as short