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Funding arb · Price arb /

ARX

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.52 per $10,000 · paid last 24h +0.078%
Price spread now: MEXC against BloFin−0.595%94s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$920.923% of the position
Long on BloFinShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.416%+$42 on $10k
Price spread, last 3 days (all we have)+0.679%+$68 · spread now −0.595%, 7d avg +0.002%
Together, before fees+1.096%+$110 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.597% cheaper against BloFin than usual: you would sell low and buy high (spread −0.595% now, against its 7-day average of +0.002%). If the spread goes back, that is −$60 on $10k: about 19 days of funding at the current rate (+$3 a day). The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ARX-USDT0.20180.0413pay 0.0206% / 4h3h 03m$236K$48K20x
ShortMEXC ARX_USDT0.20060.0516get 0.0258% / 4h3h 03m$875K$421K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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

Funding earned
$21.73
Price spread: −0.595% → +0.002%
−$59.71
Slippage, 4 orders
−$72.29
Fee BloFin: 6 bp × 2 orders
−$12
Fee MEXC: 4 bp × 2 orders
−$8
Net
−$130.26
Costs to cover
0.923%
Break-even
49.0 days
Slippage from BloFin: live order book, 62 min ago; MEXC: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 62 min ago2.48 bp26.6 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 62 min ago2.48 bp19.9 bp −$2097.0 bp −$970276.8 bp −$27.7K648.3 bp −$324.1K

ARX on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ARX_USDT+0.0100%4h0.2017−0.050%$1.0M$414K20xas long as short
KuCoin ARXUSDTM+0.0100%4h0.2006−0.595%$709K$751K20xas long as short
Bitget ARXUSDT+0.0100%4h0.2007−0.560%$1.9M$1.7M20xas long as short
OKX ARX-USDT-SWAP+0.0369%4h0.2008−0.496%$725K$2.9M20xas long as short
BloFin ARX-USDTlong+0.0413%4h0.2018long leg$236K$48K20x
Binance ARXUSDT+0.0507%4h0.2006−0.595%$5.4M$11.1M20xas long as short
MEXC ARX_USDTshort+0.0516%4h0.2006−0.595%$875K$421K20x
Aster ARXUSDT+0.0681%4h0.2009−0.445%$77K$103K10xas long as short
Bybit ARXUSDT+0.1025%4h0.2010−0.396%$4.1M$2.2M20xas long as short
BingX ARX-USDT+0.1070%4h0.2007−0.545%—$1.7M—as long as short