Funding arb · Price arb /

F

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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 −0.015%

Price spread now: MEXC against OKX+0.054%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.879%−$88 on $10k

Price spread, last 7 days−0.105%−$10 · spread now +0.054%, 7d avg +0.009%

Together, before fees−0.984%−$98 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 0.045% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX F-USDT-SWAP	0.003717	0.0100	pay 0.0050% / 4h	2h 29m	$680K	$2.1M	20x
Short	MEXC F_USDT	0.003719	0.0100	get 0.0050% / 4h	2h 29m	$601K	$174K	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 +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.009%: $4.48
Slippage, 4 orders: −$53.93
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$67.45
Costs to cover: 0.719%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 11 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, 3 min ago	2.69 bp	21.3 bp −$21	202.8 bp −$2,028	doesn't fit	doesn't fit
Sell MEXC live order book, 11 min ago	1.36 bp	13.9 bp −$14	36.0 bp −$360	146.7 bp −$14.7K	691.5 bp −$345.8K

F 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
Aster FUSDT	+0.0100%	4h	0.003801	+2.251%	$15K	$28K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003720	+0.067%	$3.9M	$6.0M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003716	−0.027%	$2.4M	$2.2M	25x	as long as short
OKX F-USDT-SWAPlong	+0.0100%	4h	0.003717	long leg	$680K	$2.1M	20x
Gate F_USDT	+0.0100%	8h	0.003715	−0.054%	$135K	$1.3M	25x	as long as short
MEXC F_USDTshort	+0.0100%	4h	0.003719	+0.054%	$601K	$174K	50x
KuCoin FUSDTM	+0.0100%	4h	0.003720	+0.081%	$622K	$1.1M	30x	as long as short
Bitget FUSDT	+0.0100%	4h	0.003720	+0.081%	$464K	$700K	50x	as long as short
BingX F-USDT	+0.0100%	4h	0.003719	+0.054%	—	$6.6M	—	as long as short
Variational Omni F	+0.0100%	4h	0.003718	+0.038%	$651	$366	—	as long as short