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: MEXC against OKX+0.013%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

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

costs, in and out, $10k−$680.679% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.013%, 7d avg +0.142%

Together, before fees+0.161%+$16 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 0.129% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1505	0.0100	pay 0.0050% / 4h	3h 01m	$1.4M	$16.8M	20x
Short	MEXC UB_USDT	0.1505	0.0100	get 0.0050% / 4h	3h 01m	$632K	$718K	100x

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 +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.142%: −$12.92
Slippage, 4 orders: −$49.86
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$80.78
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 64 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, 2 min ago	0.66 bp	20.8 bp −$21	211.8 bp −$2,118	doesn't fit	doesn't fit
Sell MEXC live order book, 64 min ago	1.66 bp	10.1 bp −$10	59.7 bp −$597	240.3 bp −$24.0K	535.7 bp −$267.8K

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
BloFin UB-USDT	+0.0080%	4h	0.1507	+0.133%	$159K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1505	+0.013%	$3.3M	$17.7M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1505	−0.018%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1505	long leg	$1.4M	$16.8M	20x
Gate UB_USDT	+0.0100%	4h	0.1503	−0.120%	$1.5M	$3.6M	25x	as long as short
MEXC UB_USDTshort	+0.0100%	4h	0.1505	+0.013%	$632K	$718K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1505	+0.008%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1506	+0.073%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1506	+0.066%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1504	−0.048%	$2K	$7K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1511	+0.422%	$38K	$264K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1516	+0.724%	$17K	$223K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1506	+0.084%	$6K	$172K	5x	as long as short
Aster UBUSDT	+0.0664%	4h	0.1507	+0.111%	$409K	$198K	5x	as long as short