Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against OKX0.000%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now 0.000%, 7d avg +0.011%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AUCTION-USDT-SWAP | 3.6910 | 0.0100 | pay 0.0050% / 4h | 3h 59m | $776K | $681K | 20x |
| Short | MEXC AUCTION_USDT | 3.6910 | 0.0100 | get 0.0050% / 4h | 3h 59m | $446K | $140K | 20x |
OKX AUCTION-USDT-SWAP
MEXC AUCTION_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: 0.000% → +0.011%
- −$1.14
- Slippage, 4 orders
- −$59.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$74.38
- Costs to cover
- 0.732%
- Break-even
- never at this rate
Slippage from OKX: live order book, 11 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, 11 min ago | 1.36 bp | 24.3 bp −$24 | 1530.3 bp −$15.3K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.35 bp | 11.4 bp −$11 | 46.9 bp −$469 | 86.5 bp −$8,648 | 202.3 bp −$101.1K |
AUCTION on 11 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_AUCTIONUSD | −0.0743% | 1h | 3.6960 | +0.135% | $8K | $251 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6957 | +0.128% | $886 | $2K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.6908 | −0.005% | $2.4M | $1.5M | 50x | as long as short |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.6950 | +0.108% | $580K | $272K | 25x | as long as short |
| OKX AUCTION-USDT-SWAPlong | +0.0100% | 4h | 3.6910 | long leg | $776K | $681K | 20x | |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6950 | +0.108% | $102K | $66K | 50x | as long as short |
| MEXC AUCTION_USDTshort | +0.0100% | 4h | 3.6910 | 0.000% | $446K | $140K | 20x | |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6970 | +0.163% | $371K | $115K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6910 | 0.000% | $377K | $134K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.6920 | +0.027% | — | $7.7M | — | as long as short |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Binance AUCTIONUSDT
Bybit AUCTIONUSDT
Gate AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.6975 | +0.176% | $171 | $38 | — | as long as short |
Variational Omni AUCTION