Funding arb · Price arb /

SIGN

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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 −0.025%

Price spread now: MEXC against OKX+0.016%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1301.296% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.016%, 7d avg −0.013%

Together, before fees−0.274%−$27 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: MEXC is 0.030% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SIGN-USDT-SWAP	0.01215	0.0100	pay 0.0050% / 4h	3h 37m	$661K	$326K	20x
Short	MEXC SIGN_USDT	0.01215	0.0100	get 0.0050% / 4h	3h 37m	$12.3M	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.013%: $2.97
Slippage, 4 orders: −$115.57
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$126.6
Costs to cover: 1.296%
Break-even: never at this rate

Slippage from OKX: live order book, 34 min ago; MEXC: 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 OKX live order book, 34 min ago	5.36 bp	46.8 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	4.12 bp	23.5 bp −$23	112.6 bp −$1,126	272.7 bp −$27.3K	doesn't fit

SIGN on 12 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
Variational Omni SIGN	−0.0125%	4h	0.01215	−0.036%	$83K	$2K	—	as long as short
Aster SIGNUSDT	−0.0016%	4h	0.01216	+0.067%	$10K	$5K	5x	as long as short
BloFin SIGN-USDT	+0.0089%	4h	0.01214	−0.091%	$124K	$17K	25x	as long as short
Binance SIGNUSDT	+0.0100%	4h	0.01216	+0.033%	$2.4M	$1.7M	25x	as long as short
Bybit SIGNUSDT	+0.0100%	4h	0.01214	−0.132%	$2.2M	$423K	25x	as long as short
OKX SIGN-USDT-SWAPlong	+0.0100%	4h	0.01215	long leg	$661K	$326K	20x
Gate SIGN_USDT	+0.0100%	4h	0.01215	−0.016%	$93K	$35K	25x	as long as short
MEXC SIGN_USDTshort	+0.0100%	4h	0.01215	+0.016%	$12.3M	$118K	20x
KuCoin SIGNUSDTM	+0.0100%	4h	0.01217	+0.148%	$1.5M	$17K	25x	as long as short
Bitget SIGNUSDT	+0.0100%	4h	0.01215	+0.016%	$928K	$181K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SIGN-USDT	+0.0100%	4h	0.01216	+0.041%	—	$6.6M	—	as long as short
ApeX Omni SIGNUSDT	+0.0100%	1h	0.01217	+0.148%	$30K	$659K	50x	as long as short