Funding arb · Price arb /

TRUST

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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 −0.098%

Price spread now: OKX against MEXC+0.049%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1421.419% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.049%, 7d avg +0.092%

Together, before fees−0.099%−$10 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 0.043% 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 +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUST_USDT	0.06080	0.0100	pay 0.0050% / 4h	2h 36m	$211K	$102K	50x
Short	OKX TRUST-USDT-SWAP	0.06083	0.0100	get 0.0050% / 4h	2h 36m	$105K	$298K	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 +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.092%: −$4.3
Slippage, 4 orders: −$127.92
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$146.22
Costs to cover: 1.419%
Break-even: never at this rate

Slippage from MEXC: live order book, 49 min ago; OKX: live order book, 9 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, 49 min ago	4.05 bp	29.4 bp −$29	178.2 bp −$1,782	731.2 bp −$73.1K	doesn't fit
Sell OKX live order book, 9 min ago	7.28 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit

TRUST on 10 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
Aster TRUSTUSDT	+0.0100%	4h	0.06085	+0.082%	$10K	$7K	5x	as long as short
Binance TRUSTUSDT	+0.0100%	4h	0.06085	+0.080%	$1.7M	$2.0M	10x	as long as short
OKX TRUST-USDT-SWAPshort	+0.0100%	4h	0.06083	+0.049%	$105K	$298K	10x
Gate TRUST_USDT	+0.0100%	8h	0.06089	+0.148%	$497K	$28K	10x	as long as short
MEXC TRUST_USDTlong	+0.0100%	4h	0.06080	long leg	$211K	$102K	50x
KuCoin TRUSTUSDTM	+0.0100%	4h	0.06077	−0.049%	$294K	$745K	10x	as long as short
Bitget TRUSTUSDT	+0.0100%	4h	0.06069	−0.181%	$660K	$70K	10x	as long as short
BingX TRUST-USDT	+0.1434%	4h	0.06088	+0.132%	—	$6.5M	—	as long as short
Variational Omni TRUST	+0.1712%	4h	0.06103	+0.378%	$56K	$408	—	as long as short
Bybit TRUSTUSDT	+0.1786%	4h	0.06080	0.000%	$536K	$446K	25x	as long as short