Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against OKX−0.043%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 7 days+0.094%+$9 · spread now −0.043%, 7d avg +0.058%

Together, before fees+0.284%+$28 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 0.101% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06997	0.0100	pay 0.0050% / 4h	40m 06s	$1.7M	$5.9M	10x
Short	MEXC H_USDT	0.06994	0.0100	get 0.0050% / 4h	40m 06s	$6.3M	$1.1M	20x

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 −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.058%: −$10.05
Slippage, 4 orders: −$78.97
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$103.02
Costs to cover: 0.930%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 3 min ago	1.43 bp	22.1 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.43 bp	35.0 bp −$35	64.2 bp −$642	112.8 bp −$11.3K	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−10.676%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0099%	4h	0.06993	−0.057%	$594K	$116K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06995	−0.022%	$116K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06994	−0.043%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06984	−0.180%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06997	long leg	$1.7M	$5.9M	10x
Gate H_USDT	+0.0100%	4h	0.06985	−0.172%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06994	−0.043%	$6.3M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06986	−0.157%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06963	−0.486%	$1.7M	$451K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.07004	+0.100%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06974	−0.327%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06992	−0.067%	$1.2M	$445K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06994	−0.044%	$11K	$107K	5x	as long as short