Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: MEXC against Gate−0.068%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1031.031% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+0.164%+$16 · spread now −0.068%, 7d avg +0.056%

Together, before fees+0.175%+$17 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 0.125% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.3820	0.0100	pay 0.0100% / 8h	5h 08m	$2.2M	$3.6M	50x
Short	MEXC AR_USDT	4.3790	0.0100	get 0.0100% / 8h	5h 08m	$6.8M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → +0.056%: −$12.49
Slippage, 4 orders: −$84.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$115.61
Costs to cover: 1.031%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; MEXC: live order book, 2 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 Gate live order book, 3 min ago	4.57 bp	46.4 bp −$46	344.7 bp −$3,447	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.43 bp	5.4 bp −$5	22.5 bp −$225	222.8 bp −$22.3K	doesn't fit

AR on 17 exchanges

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 −0.0140% / S +0.0550%	1h	4.3764	−0.127%	$562K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+0.958%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3916	+0.219%	$4.4M	$4.0M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3808	−0.028%	$32K	$184K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3800	−0.046%	$8.6M	$39.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3823	+0.007%	$4.4M	$7.4M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3780	−0.091%	$2.3M	$12.3M	20x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.3820	long leg	$2.2M	$3.6M	50x
MEXC AR_USDTshort	+0.0100%	8h	4.3790	−0.068%	$6.8M	$3.5M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.3810	−0.023%	$1.1M	$1.1M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.3800	−0.046%	$3.8M	$4.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3820	0.000%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3764	−0.128%	$248K	$527K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3700	−0.274%	$21K	$696K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3795	−0.057%	$35K	$244K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3850	+0.068%	$416K	$367K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0780%	1h	4.3915	+0.218%	$47K	$151K	20x	as long as short