Funding arb · Price arb /

UB

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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 −0.025%

Price spread now: OKX against MEXC+0.028%7-day average −0.141% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.028%, 7d avg −0.141%

Together, before fees−0.098%−$10 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: OKX is 0.169% dearer against MEXC than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1450	0.0100	pay 0.0050% / 4h	1h 26m	$586K	$679K	100x
Short	OKX UB-USDT-SWAP	0.1450	0.0100	get 0.0050% / 4h	1h 26m	$1.3M	$14.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.141%: $16.91
Slippage, 4 orders: −$43.91
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$45
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from MEXC: live order book, 29 min ago; OKX: 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 MEXC live order book, 29 min ago	0.68 bp	10.8 bp −$11	75.2 bp −$752	237.1 bp −$23.7K	439.4 bp −$219.7K
Sell OKX live order book, 2 min ago	2.08 bp	21.0 bp −$21	306.4 bp −$3,064	doesn't fit	doesn't fit

UB 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
Binance UBUSDT	+0.0100%	4h	0.1451	+0.066%	$3.0M	$16.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1448	−0.120%	$968K	$2.6M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1450	+0.028%	$1.3M	$14.7M	20x
Gate UB_USDT	+0.0100%	4h	0.1447	−0.193%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1450	long leg	$586K	$679K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1448	−0.136%	$1.0M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1448	−0.138%	$2.3M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1449	−0.048%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1439	−0.714%	$30	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1449	−0.033%	$37K	$266K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1448	−0.110%	$16K	$246K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1450	+0.011%	$934	$170K	5x	as long as short
BloFin UB-USDT	+0.0123%	4h	0.1449	−0.007%	$151K	$952K	50x	as long as short
Aster UBUSDT	+0.0500%	4h	0.1450	+0.014%	$393K	$183K	5x	as long as short