Funding arb · Price arb /

UB

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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 +0.018%

Price spread now: MEXC against OKX+0.053%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.053%, 7d avg +0.139%

Together, before fees+0.067%+$7 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 0.086% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1497	0.0100	pay 0.0050% / 4h	2h 55m	$1.5M	$14.2M	20x
Short	MEXC UB_USDT	0.1498	0.0100	get 0.0050% / 4h	2h 55m	$705K	$651K	100x

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 +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.139%: −$8.57
Slippage, 4 orders: −$55.44
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$82.01
Costs to cover: 0.734%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 50 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, 3 min ago	1.34 bp	24.5 bp −$25	405.8 bp −$4,058	doesn't fit	doesn't fit
Sell MEXC live order book, 50 min ago	2.68 bp	11.7 bp −$12	72.5 bp −$725	260.5 bp −$26.0K	538.1 bp −$269.0K

UB on 14 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	0.1498	+0.059%	$3.2M	$16.0M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1496	−0.104%	$972K	$2.5M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1497	long leg	$1.5M	$14.2M	20x
Gate UB_USDT	+0.0100%	4h	0.1494	−0.227%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDTshort	+0.0100%	4h	0.1498	+0.053%	$705K	$651K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1494	−0.235%	$1.1M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1497	−0.027%	$2.4M	$3.3M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1498	+0.027%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1497	+0.006%	$427	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1495	−0.192%	$38K	$271K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1497	−0.027%	$17K	$285K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1499	+0.074%	$1K	$203K	5x	as long as short
BloFin UB-USDT	+0.0139%	4h	0.1499	+0.107%	$146K	$860K	50x	as long as short
Aster UBUSDT	+0.0570%	4h	0.1497	−0.007%	$406K	$158K	5x	as long as short