ARX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0944%/8h= −103.4% APRnext payment −$4.72 per $10,000 · paid last 24h −0.041%

Price spread now: MEXC against BingX0.000%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1241.240% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now 0.000%, 7d avg −0.065%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.065% dearer against BingX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.065%): +$6 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.038% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARX-USDT	0.2015	0.1488	pay 0.0744% / 4h	3h 31m	—	$1.7M	—
Short	MEXC ARX_USDT	0.2015	0.0544	get 0.0272% / 4h	3h 31m	$877K	$419K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$198.24
Price spread: 0.000% → −0.065%: $6.5
Slippage, 4 orders: −$105.98
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$315.72
Costs to cover: 1.240%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 34 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 BingX live order book, 11 min ago	9.98 bp	39.5 bp −$40	141.2 bp −$1,412	1111.8 bp −$111.2K	1369.8 bp −$684.9K
Sell MEXC live order book, 34 min ago	2.48 bp	19.9 bp −$20	97.0 bp −$970	276.8 bp −$27.7K	648.3 bp −$324.1K

ARX on 10 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
Gate ARX_USDT	+0.0100%	4h	0.2024	+0.447%	$1.0M	$413K	20x	as long as short
KuCoin ARXUSDTM	+0.0100%	4h	0.2013	−0.089%	$711K	$741K	20x	as long as short
Bitget ARXUSDT	+0.0246%	4h	0.2013	−0.084%	$1.9M	$1.7M	20x	as long as short
BloFin ARX-USDT	+0.0425%	4h	0.2016	+0.050%	$235K	$49K	20x	as long as short
OKX ARX-USDT-SWAP	+0.0479%	4h	0.2017	+0.099%	$733K	$3.0M	20x	as long as short
MEXC ARX_USDTshort	+0.0544%	4h	0.2015	0.000%	$877K	$419K	20x
Binance ARXUSDT	+0.0546%	4h	0.2016	+0.026%	$5.4M	$11.2M	20x	as long as short
Aster ARXUSDT	+0.0723%	4h	0.2012	−0.149%	$81K	$100K	10x	as long as short
BingX ARX-USDTlong	+0.1488%	4h	0.2015	long leg	—	$1.7M	—
Bybit ARXUSDT	+0.1660%	4h	0.2018	+0.149%	$4.1M	$2.3M	20x	as long as short