Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against OKX+0.161%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$740.740% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.161%, 7d avg +0.076%

Together, before fees+0.023%+$2 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 0.084% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BASED-USDT-SWAP	0.06846	0.0100	pay 0.0050% / 4h	3h 47m	$2.7M	$3.8M	20x
Short	MEXC BASED_USDT	0.06857	0.0100	get 0.0050% / 4h	3h 47m	$4.9M	$464K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.076%: $8.44
Slippage, 4 orders: −$60.01
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$65.57
Costs to cover: 0.740%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 5 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 OKX live order book, 5 min ago	3.65 bp	29.0 bp −$29	140.0 bp −$1,400	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.46 bp	10.9 bp −$11	44.1 bp −$441	204.8 bp −$20.5K	850.1 bp −$425.0K

BASED on 15 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
Bybit BASEDUSDT	+0.0055%	4h	0.06845	−0.015%	$2.1M	$679K	25x	as long as short
BloFin BASED-USDT	+0.0099%	4h	0.06858	+0.175%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06861	+0.213%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06855	+0.131%	$4.2M	$3.0M	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06846	long leg	$2.7M	$3.8M	20x
Gate BASED_USDT	+0.0100%	4h	0.06851	+0.073%	$535K	$574K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06857	+0.161%	$4.9M	$464K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06857	+0.161%	$585K	$91K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06864	+0.263%	$1.3M	$313K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06855	+0.131%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06846	−0.002%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06865	+0.278%	$96K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06855	+0.131%	$1K	$891K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06853	+0.104%	$4K	$257K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0319%	4h	0.06855	+0.131%	$3K	$664	10x	as long as short