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 +0.025%

Price spread now: MEXC against OKX+0.159%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.239%−$24 · spread now +0.159%, 7d avg +0.070%

Together, before fees−0.239%−$24 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 0.089% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AR-USDT-SWAP	4.4050	0.0100	pay 0.0100% / 8h	3h 20m	$2.2M	$17.5M	20x
Short	MEXC AR_USDT	4.4120	0.0100	get 0.0100% / 8h	3h 20m	$6.1M	$4.2M	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 +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.070%: $8.87
Slippage, 4 orders: −$28.13
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$33.26
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from OKX: live order book, 3 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, 3 min ago	1.14 bp	15.6 bp −$16	239.9 bp −$2,399	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.14 bp	3.1 bp −$3	12.9 bp −$129	208.7 bp −$20.9K	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
Kraken Futures PF_ARUSD	−0.1224%	1h	4.4068	+0.041%	$59K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4127	+0.175%	$567K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4108	+0.132%	$30K	$467K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4082	+0.072%	$8.6M	$50.6M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4100	+0.114%	$4.5M	$8.5M	75x	as long as short
OKX AR-USDT-SWAPlong	+0.0100%	8h	4.4050	long leg	$2.2M	$17.5M	20x
Gate AR_USDT	+0.0100%	8h	4.4110	+0.136%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDTshort	+0.0100%	8h	4.4120	+0.159%	$6.1M	$4.2M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.4120	+0.159%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4060	+0.023%	$3.8M	$5.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.4090	+0.091%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4097	+0.107%	$234K	$414K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3860	−0.431%	$19K	$714K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4114	+0.145%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4130	+0.182%	$417K	$474K	20x	as long as short
Hyperliquid AR	+0.0326%	1h	4.4147	+0.220%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+0.431%	$2K	$5K	5.5x	as long as short