Funding arb · Price arb /

NOT

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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−0.020%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.020%, 7d avg +0.019%

Together, before fees−0.026%−$3 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 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOT-USDT-SWAP	0.0005090	0.0100	pay 0.0050% / 4h	44m 29s	$622K	$600K	20x
Short	MEXC NOT_USDT	0.0005089	0.0100	get 0.0050% / 4h	44m 29s	$1.4M	$459K	200x

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 −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.019%: −$3.9
Slippage, 4 orders: −$62.89
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$80.78
Costs to cover: 0.769%
Break-even: never at this rate

Slippage from OKX: live order book, 31 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, 31 min ago	1.99 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.96 bp	8.5 bp −$8	23.2 bp −$232	88.0 bp −$8,796	112.8 bp −$56.4K

NOT on 16 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
Variational Omni NOT	−0.0054%	4h	0.0005087	−0.052%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.244%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005095	+0.100%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005090	0.000%	$373K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005090	−0.008%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005090	0.000%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005084	−0.118%	$2.1M	$821K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0005090	long leg	$622K	$600K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005088	−0.039%	$141K	$78K	50x	as long as short
MEXC NOT_USDTshort	+0.0100%	4h	0.0005089	−0.020%	$1.4M	$459K	200x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005083	−0.138%	$465K	$137K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005092	+0.039%	$669K	$382K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005089	−0.020%	—	$722K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005085	−0.098%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0159%	4h	0.0005091	+0.020%	$111K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.4192%	1h	0.0005089	−0.018%	$50K	$10K	10x	as long as short