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 −0.045%

Price spread now: OKX against Bybit−0.092%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$431as in the Funding arb table

Net, price: spread back to 7d avg − costs−$425as in the Price arb table

costs, in and out, $10k−$4214.211% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days+0.175%+$18 · spread now −0.092%, 7d avg −0.055%

Together, before fees+0.079%+$8 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: OKX is 0.037% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARXUSDT	0.2181	0.0100	pay 0.0050% / 4h	18m 02s	$4.4M	$2.9M	20x
Short	OKX ARX-USDT-SWAP	0.2179	0.0100	get 0.0050% / 4h	18m 02s	$762K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.055%: −$3.65
Slippage, 4 orders: −$400.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$424.77
Costs to cover: 4.211%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 4 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	9.19 bp	165.1 bp −$165	1938.0 bp −$19.4K	72215.9 bp −$7.22M	doesn't fit
Sell OKX live order book, 4 min ago	4.60 bp	64.5 bp −$64	doesn't fit	doesn't fit	doesn't fit

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
Bybit ARXUSDTlong	+0.0100%	4h	0.2181	long leg	$4.4M	$2.9M	20x
OKX ARX-USDT-SWAPshort	+0.0100%	4h	0.2179	−0.092%	$762K	$3.9M	20x
Gate ARX_USDT	+0.0100%	4h	0.2176	−0.229%	$1.1M	$471K	20x	as long as short
KuCoin ARXUSDTM	+0.0100%	4h	0.2165	−0.734%	$757K	$920K	20x	as long as short
Bitget ARXUSDT	+0.0100%	4h	0.2187	+0.293%	$2.1M	$1.9M	20x	as long as short
BloFin ARX-USDT	+0.0126%	4h	0.2157	−1.100%	$250K	$47K	20x	as long as short
MEXC ARX_USDT	+0.0348%	4h	0.2183	+0.092%	$899K	$471K	20x	as long as short
Binance ARXUSDT	+0.0349%	4h	0.2180	−0.050%	$5.7M	$12.7M	20x	as long as short
BingX ARX-USDT	+0.0362%	4h	0.2181	0.000%	—	$1.7M	—	as long as short
Aster ARXUSDT	+0.0628%	4h	0.2166	−0.676%	$82K	$111K	10x	as long as short