Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.005%

Price spread now: MEXC against SoDEX−0.045%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$140.143% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−2.448%−$245 · spread now −0.045%, 7d avg −0.014%

Together, before fees−2.417%−$242 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.031% cheaper against SoDEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ARB-USD	0.2225	−0.0093	get 0.0012% / 1h	26m 25s	$10K	$2.4M	5x
Short	MEXC ARB_USDT	0.2224	−0.0134	pay 0.0134% / 8h	5h 26m	$38.2M	$59.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SoDEX. 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 SoDEXbpFee MEXCbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$8.57
Price spread: −0.045% → −0.014%: −$3.09
Slippage, 4 orders: −$6.28
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.93
Costs to cover: 0.143%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; MEXC: live order book, 3 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 SoDEX live order book, 3 min ago	0.22 bp	5.6 bp −$6	18.0 bp −$180	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.22 bp	1.4 bp −$1	6.5 bp −$65	35.4 bp −$3,537	73.0 bp −$36.5K

ARB on 36 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
Injective ARB/USDC PERP	−0.1577%	1h	0.2212	−0.593%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0152%	8h	0.2226	+0.018%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0135%	8h	0.2225	−0.022%	$22.4M	$151.0M	50x	as long as short
MEXC ARB_USDTshort	−0.0134%	8h	0.2224	−0.045%	$38.2M	$59.2M	200x
01 Exchange ARBUSD	−0.0128%	1h	0.2226	+0.022%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0107%	8h	0.2225	−0.009%	$5.4M	$19.1M	60x	as long as short
Bybit ARBUSDT	−0.0102%	8h	0.2225	−0.018%	$56.5M	$126.0M	50x	as long as short
Polymarket Perps ARB-USD	−0.0101%	1h	0.2225	−0.031%	$96K	$2.1M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2227	+0.065%	$1.1M	$4.5M	50x	as long as short
SoDEX ARB-USDlong	−0.0093%	1h	0.2225	long leg	$10K	$2.4M	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0071%	8h	0.2226	+0.036%	$13K	$386K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2223	−0.079%	$66K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2226	+0.036%	$25K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2226	+0.047%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2226	+0.015%	$64.8M	$307.4M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2224	−0.074%	$355K	$2.5M	25x	as long as short
ApeX Omni ARBUSDT	+0.0020%	1h	0.2227	+0.081%	$120K	$283K	50x	as long as short
BloFin ARB-USDT	+0.0055%	8h	0.2220	−0.247%	$3.1M	$2.7M	75x	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2224	−0.054%	$21.2M	$34.7M	50x	as long as short
Phemex ARBUSDT	+0.0086%	8h	0.2219	−0.279%	$5.0M	$12.9M	50x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2226	+0.045%	$141K	$7K	3x	as long as short
BingX ARB-USDC	+0.0092%	8h	0.2221	−0.193%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2221	−0.193%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2226	+0.036%	$38.6M	$49.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	−0.053%	$652K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2222	−0.142%	$42K	$175K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2226	+0.022%	$19.6M	$15.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2221	−0.184%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2223	−0.117%	$482K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2228	+0.126%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	−0.324%	$297K	$938K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2227	+0.063%	$508K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2227	+0.072%	$487K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2226	+0.031%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2223	−0.080%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0558%	1h	0.2222	−0.139%	$1.0M	$2.8M	20x	as long as short