Funding arb · Price arb /

NOT

all NOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against OKX−0.098%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$740.745% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.098%, 7d avg +0.019%

Together, before fees+0.052%+$5 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 0.117% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOT-USDT-SWAP	0.0005096	0.0100	pay 0.0050% / 4h	46m 18s	$623K	$601K	20x
Short	MEXC NOT_USDT	0.0005091	0.0100	get 0.0050% / 4h	46m 18s	$1.4M	$459K	200x

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 −0.098%Rate

Funding earned: $0
Price spread: −0.098% → +0.019%: −$11.74
Slippage, 4 orders: −$60.46
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$86.2
Costs to cover: 0.745%
Break-even: never at this rate

Slippage from OKX: live order book, 30 min ago; MEXC: live order book, 5 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, 30 min ago	1.99 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.98 bp	6.8 bp −$7	21.0 bp −$210	86.3 bp −$8,631	102.5 bp −$51.2K

NOT on 16 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
Variational Omni NOT	−0.0092%	4h	0.0005091	−0.101%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.356%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0085%	4h	0.0005093	−0.059%	$111K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005103	+0.130%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005090	−0.118%	$373K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005090	−0.122%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005092	−0.082%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005085	−0.216%	$2.1M	$821K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0005096	long leg	$623K	$601K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005089	−0.137%	$141K	$78K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDTshort	+0.0100%	4h	0.0005091	−0.098%	$1.4M	$459K	200x
KuCoin NOTUSDTM	+0.0100%	4h	0.0005084	−0.235%	$464K	$137K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005097	+0.020%	$669K	$382K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005093	−0.059%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005090	−0.116%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.4191%	1h	0.0005090	−0.112%	$50K	$10K	10x	as long as short