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: BingX against MEXC−0.022%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.022%, 7d avg −0.047%

Together, before fees+0.099%+$10 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: BingX is 0.025% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AR_USDT	4.5430	0.0100	pay 0.0100% / 8h	5h 08m	$6.5M	$4.3M	100x
Short	BingX AR-USDT	4.5420	0.0100	get 0.0100% / 8h	5h 08m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.047%: $2.51
Slippage, 4 orders: −$34.21
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$45.7
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 7 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, 5 min ago	1.10 bp	3.1 bp −$3	15.9 bp −$159	206.7 bp −$20.7K	doesn't fit
Sell BingX live order book, 7 min ago	5.51 bp	24.5 bp −$25	67.9 bp −$679	327.9 bp −$32.8K	733.2 bp −$366.6K

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	4.5446	+0.035%	$584K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0037%	8h	4.5380	−0.110%	$2.3M	$18.5M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.308%	$548	$3K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5477	+0.103%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5401	−0.063%	$19K	$492K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5413	−0.037%	$9.0M	$50.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5390	−0.088%	$4.7M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5420	−0.022%	$2.6M	$2.0M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.5430	long leg	$6.5M	$4.3M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.5440	+0.022%	$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	4.5430	0.000%	$4.0M	$5.2M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.5420	−0.022%	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.5341	−0.196%	$235K	$253K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5410	−0.044%	$20K	$722K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5428	−0.005%	$37K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5430	0.000%	$434K	$493K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1924%	1h	4.5448	+0.041%	$56K	$149K	20x	as long as short