Funding arb · Price arb /

AR

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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 −0.021%

Price spread now: MEXC against Bybit+0.016%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$860.864% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.016%, 7d avg +0.098%

Together, before fees+0.013%+$1 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 0.082% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.4733	0.0100	pay 0.0100% / 8h	4h 15m	$4.6M	$8.2M	75x
Short	MEXC AR_USDT	4.4740	0.0100	get 0.0100% / 8h	4h 15m	$6.4M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.098%: −$8.19
Slippage, 4 orders: −$71.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$94.59
Costs to cover: 0.864%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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 Bybit live order book, 3 min ago	2.24 bp	46.0 bp −$46	159.6 bp −$1,596	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.12 bp	3.1 bp −$3	17.7 bp −$177	183.7 bp −$18.4K	doesn't fit

AR on 17 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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4708	−0.057%	$575K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0043%	8h	4.4730	−0.007%	$2.3M	$17.8M	20x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4734	+0.001%	$26K	$478K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4746	+0.029%	$8.8M	$49.9M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.4733	long leg	$4.6M	$8.2M	75x
Gate AR_USDT	+0.0100%	8h	4.4740	+0.016%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDTshort	+0.0100%	8h	4.4740	+0.016%	$6.4M	$4.2M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.4730	−0.007%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4710	−0.051%	$3.9M	$5.0M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4750	+0.038%	—	$2.8M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AR	+0.0100%	8h	4.4682	−0.114%	$236K	$246K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4740	+0.016%	$19K	$720K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4708	−0.056%	$36K	$234K	10x	as long as short
Hyperliquid AR	+0.0164%	1h	4.4813	+0.179%	$4.0M	$4.3M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4750	+0.038%	$422K	$469K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0695%	1h	4.4681	−0.116%	$60K	$159K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.4770	+0.083%	$2K	$5K	5.5x	as long as short