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

S

all S markets
SwapBacktest
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 −0.034%
Price spread now: OKX against MEXC−0.050%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$730.733% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.134%−$13 on $10k
Price spread, last 7 days+0.082%+$8 · spread now −0.050%, 7d avg −0.031%
Together, before fees−0.053%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC S_USDT0.040270.0100pay 0.0050% / 4h2h 16m$3.8M$1.7M200x
ShortOKX S-USDT-SWAP0.040250.0100get 0.0050% / 4h2h 16m$1.0M$3.8M20x

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: −0.050% → −0.031%
−$1.85
Slippage, 4 orders
−$59.3
Fee MEXC: 2 bp × 2 orders
−$4
Fee OKX: 5 bp × 2 orders
−$10
Net
−$75.14
Costs to cover
0.733%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; OKX: live order book, just now.

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, 5 min ago1.25 bp4.9 bp −$584.8 bp −$848281.7 bp −$28.2Kdoesn't fit
Sell OKX live order book, just now2.48 bp26.7 bp −$27doesn't fitdoesn't fitdoesn't fit

S on 25 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
01 Exchange SUSD−1.0048%1h0.03850−4.395%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1807%1h0.04025−0.054%$35K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1232%1h0.03961−1.639%$48K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04026−0.030%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04024−0.072%$415xas long as short
Variational Omni S−0.0081%4h0.04012−0.365%$623K$25Kas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04026−0.037%$620150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.813%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0084%4h0.04028+0.025%$100K$554K10xas long as short
Lighter S+0.0096%1h0.04030+0.074%$172K$140K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04026−0.017%$1.0M$595K5xas long as short
Aster SUSDT+0.0100%4h0.04027+0.006%$47K$111K10xas long as short
Binance SUSDT+0.0100%4h0.040270.000%$5.7M$13.7M75xas long as short
Bybit SUSDT+0.0100%4h0.04021−0.149%$5.7M$4.3M50xas long as short
OKX S-USDT-SWAPshort+0.0100%4h0.04025−0.050%$1.0M$3.8M20x
Gate S_USDT+0.0100%4h0.04025−0.050%$328K$185K50xas long as short
MEXC S_USDTlong+0.0100%4h0.04027long leg$3.8M$1.7M200x
KuCoin SUSDTM+0.0100%4h0.04023−0.099%$1.8M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04028+0.025%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.040270.000%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04030+0.074%$24K$484K50xas long as short
Extended S-USD+0.0104%1h0.04025−0.051%$226K$593K10xas long as short
BloFin S-USDT+0.0340%4h0.04022−0.124%$276K$115K75xas long as short
Deribit S_USDC-PERPETUAL+0.0743%1h0.04031+0.099%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.2384%1h0.04040+0.323%$117K$426K5xas long as short