Funding arb · Price arb /

ATH

all ATH 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 +0.003%

Price spread now: MEXC against OKX+0.164%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days−0.123%−$12 · spread now +0.164%, 7d avg +0.106%

Together, before fees−0.097%−$10 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 0.058% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ATH-USDT-SWAP	0.005475	0.0100	pay 0.0050% / 4h	1h 47m	$705K	$1.3M	20x
Short	MEXC ATH_USDT	0.005484	0.0100	get 0.0050% / 4h	1h 47m	$8.8M	$666K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → +0.106%: $5.79
Slippage, 4 orders: −$88.25
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$100.46
Costs to cover: 1.062%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 1 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 OKX live order book, 5 min ago	3.65 bp	38.7 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	4.56 bp	12.3 bp −$12	44.3 bp −$443	179.3 bp −$17.9K	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.2387%	1h	0.005480	+0.095%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0117%	4h	0.005479	+0.066%	$184K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005489	+0.256%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005485	+0.189%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005483	+0.146%	$3.3M	$4.4M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005474	−0.018%	$4.3M	$2.7M	25x	as long as short
OKX ATH-USDT-SWAPlong	+0.0100%	4h	0.005475	long leg	$705K	$1.3M	20x
Gate ATH_USDT	+0.0100%	4h	0.005484	+0.164%	$784K	$609K	30x	as long as short
MEXC ATH_USDTshort	+0.0100%	4h	0.005484	+0.164%	$8.8M	$666K	50x
KuCoin ATHUSDTM	+0.0100%	4h	0.005480	+0.091%	$549K	$79K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005483	+0.146%	$1.5M	$918K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005482	+0.128%	—	$21.4M	—	as long as short
BloFin ATH-USDT	+0.0139%	4h	0.005490	+0.274%	$164K	$71K	75x	as long as short