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 +0.021%

Price spread now: BingX against MEXC−0.024%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.024%, 7d avg −0.047%

Together, before fees+0.125%+$12 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: BingX is 0.023% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AR_USDT	4.2480	0.0100	pay 0.0100% / 8h	1h 55m	$6.0M	$4.2M	100x
Short	BingX AR-USDT	4.2470	0.0100	get 0.0100% / 8h	1h 55m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.047%: $2.32
Slippage, 4 orders: −$31.16
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$42.84
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago	1.18 bp	3.2 bp −$3	22.1 bp −$221	207.6 bp −$20.8K	doesn't fit
Sell BingX live order book, 9 min ago	4.75 bp	22.2 bp −$22	54.1 bp −$541	296.0 bp −$29.6K	633.1 bp −$316.6K

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
Kraken Futures PF_ARUSD	−0.2664%	1h	4.2370	−0.260%	$52K	$185K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2455	−0.060%	$545K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+4.143%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2528	+0.113%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2471	−0.020%	$42K	$460K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2451	−0.069%	$8.4M	$53.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2437	−0.101%	$4.2M	$9.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2400	−0.188%	$2.2M	$17.4M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2400	−0.188%	$2.0M	$3.3M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.2480	long leg	$6.0M	$4.2M	100x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.2490	+0.024%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2480	0.000%	$3.7M	$5.6M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.2470	−0.024%	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.2408	−0.170%	$240K	$629K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2350	−0.306%	$20K	$716K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2479	−0.003%	$35K	$247K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2340	−0.330%	$410K	$457K	20x	as long as short