Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: MEXC against Gate+0.089%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1511.509% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.089%, 7d avg +0.055%

Together, before fees−0.024%−$2 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 0.034% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.4980	0.0100	pay 0.0100% / 8h	4h 40m	$2.5M	$1.9M	50x
Short	MEXC AR_USDT	4.5020	0.0100	get 0.0100% / 8h	4h 40m	$6.4M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.055%: $3.35
Slippage, 4 orders: −$131.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$147.59
Costs to cover: 1.509%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	4.47 bp	66.1 bp −$66	263.8 bp −$2,638	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.12 bp	3.1 bp −$3	24.4 bp −$244	206.7 bp −$20.7K	doesn't fit

AR on 17 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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4770	−0.467%	$575K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0002%	8h	4.5010	+0.067%	$2.3M	$18.1M	20x	as long as short
ApeX Omni ARUSDT	+0.0010%	1h	4.4660	−0.711%	$19K	$721K	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5068	+0.196%	$4.0M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4905	−0.167%	$26K	$478K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5010	+0.067%	$8.9M	$50.1M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4996	+0.036%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.4980	long leg	$2.5M	$1.9M	50x
MEXC AR_USDTshort	+0.0100%	8h	4.5020	+0.089%	$6.4M	$4.2M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.4960	−0.044%	$1.2M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.5000	+0.044%	$3.9M	$5.1M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5020	+0.089%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4737	−0.541%	$237K	$246K	—	as long as short
Extended AR-USD	+0.0104%	1h	4.4970	−0.023%	$36K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4820	−0.356%	$427K	$481K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0694%	1h	4.4775	−0.456%	$60K	$160K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.5290	+0.689%	$548	$3K	5.5x	as long as short