Funding arb · Price arb /

UB

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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: OKX against MEXC−0.193%7-day average −0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$730.726% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.193%, 7d avg −0.142%

Together, before fees+0.021%+$2 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 0.051% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1500	0.0100	pay 0.0050% / 4h	2h 23m	$658K	$728K	100x
Short	OKX UB-USDT-SWAP	0.1497	0.0100	get 0.0050% / 4h	2h 23m	$1.4M	$15.3M	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 −0.193%Rate

Funding earned: $0
Price spread: −0.193% → −0.142%: −$5.15
Slippage, 4 orders: −$54.59
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.74
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from MEXC: live order book, 37 min ago; OKX: live order book, 5 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, 37 min ago	0.33 bp	10.3 bp −$10	75.1 bp −$751	239.3 bp −$23.9K	437.4 bp −$218.7K
Sell OKX live order book, 5 min ago	1.34 bp	23.4 bp −$23	298.6 bp −$2,986	doesn't fit	doesn't fit

UB on 13 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
Binance UBUSDT	+0.0100%	4h	0.1500	−0.020%	$3.2M	$16.7M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1498	−0.167%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1497	−0.193%	$1.4M	$15.3M	20x
Gate UB_USDT	+0.0100%	4h	0.1495	−0.327%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1500	long leg	$658K	$728K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1498	−0.128%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1499	−0.093%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1499	−0.107%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1490	−0.646%	$61	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1496	−0.302%	$38K	$265K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1504	+0.247%	$17K	$232K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1499	−0.046%	$967	$170K	5x	as long as short
Aster UBUSDT	+0.0649%	4h	0.1498	−0.109%	$407K	$190K	5x	as long as short