Funding arb · Price arb /

ARX

all ARX markets

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 +0.047%

Price spread now: MEXC against Bybit−0.048%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$270as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3043.035% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.334%+$33 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.048%, 7d avg −0.016%

Together, before fees+0.424%+$42 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 0.032% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARXUSDT	0.2067	0.0100	pay 0.0050% / 4h	2h 28m	$4.2M	$2.5M	20x
Short	MEXC ARX_USDT	0.2066	0.0100	get 0.0050% / 4h	2h 28m	$879K	$433K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.016%: −$3.19
Slippage, 4 orders: −$284.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$306.73
Costs to cover: 3.035%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 13 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 Bybit live order book, 5 min ago	4.84 bp	135.7 bp −$136	3070.2 bp −$30.7K	86650.6 bp −$8.67M	doesn't fit
Sell MEXC live order book, 13 min ago	2.42 bp	19.9 bp −$20	151.1 bp −$1,511	332.8 bp −$33.3K	957.1 bp −$478.6K

ARX on 10 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
Binance ARXUSDT	+0.0100%	4h	0.2063	−0.184%	$5.5M	$11.7M	20x	as long as short
Bybit ARXUSDTlong	+0.0100%	4h	0.2067	long leg	$4.2M	$2.5M	20x
OKX ARX-USDT-SWAP	+0.0100%	4h	0.2067	0.000%	$733K	$3.3M	20x	as long as short
Gate ARX_USDT	+0.0100%	4h	0.2073	+0.290%	$1.1M	$442K	20x	as long as short
MEXC ARX_USDTshort	+0.0100%	4h	0.2066	−0.048%	$879K	$433K	20x
KuCoin ARXUSDTM	+0.0100%	4h	0.2063	−0.208%	$721K	$835K	20x	as long as short
Bitget ARXUSDT	+0.0100%	4h	0.2065	−0.097%	$2.0M	$1.8M	20x	as long as short
BingX ARX-USDT	+0.0100%	4h	0.2068	+0.048%	—	$1.7M	—	as long as short
BloFin ARX-USDT	+0.0156%	4h	0.2066	−0.048%	$240K	$42K	20x	as long as short
Aster ARXUSDT	+0.0258%	4h	0.2065	−0.090%	$79K	$101K	10x	as long as short