Funding arb · Price arb /

NOT

all NOT markets

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 0.000%

Price spread now: OKX against MEXC+0.020%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.020%, 7d avg −0.019%

Together, before fees+0.027%+$3 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 0.039% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOT_USDT	0.0005114	0.0100	pay 0.0050% / 4h	3h 58m	$1.4M	$460K	200x
Short	OKX NOT-USDT-SWAP	0.0005115	0.0100	get 0.0050% / 4h	3h 58m	$638K	$630K	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 +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.019%: $3.89
Slippage, 4 orders: −$56.01
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.12
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; OKX: live order book, 12 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, 3 min ago	0.98 bp	8.6 bp −$9	32.4 bp −$324	83.4 bp −$8,338	98.2 bp −$49.1K
Sell OKX live order book, 12 min ago	2.95 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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_NOTUSD	−0.0330%	1h	0.0005144	+0.579%	$50K	$10K	10x	as long as short
Bybit NOTUSDT	−0.0211%	4h	0.0005109	−0.098%	$2.2M	$829K	25x	as long as short
Variational Omni NOT	+0.0009%	4h	0.0005101	−0.258%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.693%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0045%	4h	0.0005113	−0.020%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005123	+0.178%	$12K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005110	−0.078%	$374K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005118	+0.076%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005114	−0.002%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAPshort	+0.0100%	4h	0.0005115	+0.020%	$638K	$630K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005120	+0.117%	$142K	$78K	50x	as long as short
MEXC NOT_USDTlong	+0.0100%	4h	0.0005114	long leg	$1.4M	$460K	200x
KuCoin NOTUSDTM	+0.0100%	4h	0.0005108	−0.117%	$466K	$138K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005119	+0.098%	$672K	$387K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005115	+0.020%	—	$7.4M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005114	−0.001%	$4K	$491	5x	as long as short