Funding arb · Price arb /

H

all H markets

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 0.000%

Price spread now: OKX against MEXC+0.044%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$850.847% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.196%−$20 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.044%, 7d avg −0.055%

Together, before fees−0.252%−$25 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 0.099% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06833	0.0100	pay 0.0050% / 4h	3h 01m	$6.0M	$1.1M	20x
Short	OKX H-USDT-SWAP	0.06836	0.0100	get 0.0050% / 4h	3h 01m	$1.8M	$6.3M	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 +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.055%: $9.9
Slippage, 4 orders: −$70.66
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$74.76
Costs to cover: 0.847%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: live order book, 1 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	2.93 bp	17.5 bp −$17	61.6 bp −$616	121.4 bp −$12.1K	doesn't fit
Sell OKX live order book, 1 min ago	0.73 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.532%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06827	−0.088%	$111K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06831	−0.029%	$14.6M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06820	−0.187%	$7.5M	$4.9M	13x	as long as short
OKX H-USDT-SWAPshort	+0.0100%	4h	0.06836	+0.044%	$1.8M	$6.3M	10x
Gate H_USDT	+0.0100%	4h	0.06820	−0.190%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06833	long leg	$6.0M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06826	−0.102%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06825	−0.117%	$1.7M	$445K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06818	−0.220%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06832	−0.017%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06844	+0.155%	$1.1M	$433K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06832	−0.014%	$9K	$94K	5x	as long as short
BloFin H-USDT	+0.0112%	4h	0.06843	+0.146%	$590K	$112K	25x	as long as short