Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against OKX+0.117%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

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

costs, in and out, $10k−$750.747% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.117%, 7d avg +0.034%

Together, before fees−0.198%−$20 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 0.083% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LAYER-USDT-SWAP	0.07704	0.0100	pay 0.0050% / 4h	3h 34m	$708K	$688K	20x
Short	MEXC LAYER_USDT	0.07713	0.0100	get 0.0050% / 4h	3h 34m	$351K	$117K	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 +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.034%: $8.29
Slippage, 4 orders: −$64.71
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$66.42
Costs to cover: 0.747%
Break-even: never at this rate

Slippage from OKX: live order book, 37 min ago; MEXC: live order book, 21 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, 37 min ago	3.25 bp	26.3 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 21 min ago	1.30 bp	11.3 bp −$11	54.3 bp −$543	202.4 bp −$20.2K	doesn't fit

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0782%	1h	0.07717	+0.173%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.582%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07729	+0.318%	$599K	$167K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07709	+0.070%	$10K	$3K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07714	+0.130%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAPlong	+0.0100%	4h	0.07704	long leg	$708K	$688K	20x
Gate LAYER_USDT	+0.0100%	4h	0.07708	+0.052%	$138K	$52K	20x	as long as short
MEXC LAYER_USDTshort	+0.0100%	4h	0.07713	+0.117%	$351K	$117K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07711	+0.091%	$1.1M	$165K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07719	+0.195%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07710	+0.078%	$26K	$182K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07712	+0.099%	$2K	$176K	5x	as long as short
BloFin LAYER-USDT	+0.0140%	4h	0.07712	+0.104%	$114K	$14K	50x	as long as short