Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: MEXC against Extended−0.012%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.300%+$30 · spread now −0.012%, 7d avg +0.025%

Together, before fees+0.288%+ Points / potential airdropExtended: Active · farm board+$29 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 0.037% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.5355	0.0104	pay 0.0013% / 1h	4m 27s	$37K	$235K	10x
Short	MEXC AR_USDT	4.5350	0.0100	get 0.0100% / 8h	5h 04m	$6.5M	$4.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$0.84
Price spread: −0.012% → +0.025%: −$3.66
Slippage, 4 orders: −$50.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$64.28
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from Extended: live order book, 57 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 Extended live order book, 57 min ago	5.60 bp	26.1 bp −$26	173.9 bp −$1,739	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.10 bp	3.1 bp −$3	21.7 bp −$217	215.9 bp −$21.6K	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	4.5287	−0.150%	$582K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0033%	8h	4.5310	−0.100%	$2.3M	$18.4M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.144%	$548	$3K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5416	+0.134%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5323	−0.072%	$19K	$492K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5357	+0.003%	$9.0M	$50.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5360	+0.011%	$4.7M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5340	−0.034%	$2.6M	$2.0M	50x	as long as short
MEXC AR_USDTshort	+0.0100%	8h	4.5350	−0.012%	$6.5M	$4.3M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.5310	−0.100%	$1.2M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.5330	−0.056%	$4.0M	$5.2M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5350	−0.012%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5306	−0.108%	$235K	$242K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5430	+0.165%	$20K	$722K	50x	as long as short
Extended AR-USDlong	+0.0104%	1h	4.5355	long leg	$37K	$235K	10x
BloFin AR-USDT	+0.0220%	8h	4.5310	−0.100%	$433K	$491K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1927%	1h	4.5371	+0.035%	$56K	$149K	20x	as long as short