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Funding arb · Price arb /

ARX

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0668%/8h= +73.1% APRnext payment +$3.34 per $10,000 · paid last 24h +0.041%
Price spread now: BingX against MEXC+0.097%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1221.218% of the position
Long on MEXCShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.097%, 7d avg +0.067%
Together, before fees−0.040%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and BingX is 0.030% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.067%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ARX_USDT0.20610.0616pay 0.0308% / 4h1h 56m$908K$421K20x
ShortBingX ARX-USDT0.20630.1284get 0.0642% / 4h1h 56m—$1.7M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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
$140.28
Price spread: +0.097% → +0.067%
$2.98
Slippage, 4 orders
−$103.77
Fee MEXC: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
$21.5
Costs to cover
1.218%
Break-even
5.9 days
Slippage from MEXC: live order book, 64 min ago; BingX: live order book, 6 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 MEXC live order book, 64 min ago2.51 bp19.6 bp −$2071.3 bp −$713272.9 bp −$27.3K808.6 bp −$404.3K
Sell BingX live order book, 6 min ago7.27 bp40.4 bp −$40153.6 bp −$1,536doesn't fitdoesn't fit

ARX on 9 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
KuCoin ARXUSDTM+0.0100%4h0.2061−0.015%$725K$777K20xas long as short
Bitget ARXUSDT+0.0100%4h0.2061+0.010%$2.0M$1.7M20xas long as short
Gate ARX_USDT+0.0310%4h0.2072+0.534%$1.0M$418K20xas long as short
Binance ARXUSDT+0.0606%4h0.2059−0.110%$5.5M$11.2M20xas long as short
MEXC ARX_USDTlong+0.0616%4h0.2061long leg$908K$421K20x
OKX ARX-USDT-SWAP+0.0684%4h0.2065+0.194%$754K$3.1M20xas long as short
Aster ARXUSDT+0.0885%4h0.2059−0.104%$79K$96K10xas long as short
BingX ARX-USDTshort+0.1284%4h0.2063+0.097%—$1.7M—
Bybit ARXUSDT+0.1314%4h0.2064+0.146%$4.2M$2.3M20xas long as short