Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.05 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against OKX−0.008%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.008%, 7d avg −0.002%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BTC-USDT-SWAP | 85,524.2 | 0.0100 | pay 0.0100% / 8h | 4h 25m | $2.58B | $12.14B | 100x |
| Short | MEXC BTC_USDT | 85,517.2 | 0.0095 | get 0.0095% / 8h | 4h 25m | $5.05B | $5.63B | 500x |
OKX BTC-USDT-SWAP
MEXC BTC_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
- −$1.05
- Price spread: −0.008% → −0.002%
- −$0.63
- Slippage, 4 orders
- −$0.06
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$15.74
- Costs to cover
- 0.141%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.2 bp −$519 | 7.1 bp −$3,569 |
| Sell MEXC live order book, 4 min ago | 0.01 bp | 2.0 bp −$2 | 2.1 bp −$21 | 2.2 bp −$223 | 2.7 bp −$1,352 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0179% | 1h | 85,485 | −0.046% | $2.1M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,485 | −0.046% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,510.9 | −0.016% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,470.1 | −0.063% | $416.2M | $667.2M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0018% | 8h | 85,489.7 | −0.040% | $921.6M | $750.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,526.9 | +0.003% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 85,495.6 | −0.033% | $515.4M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0016% | 1h | 85,497.7 | −0.031% | $16.7M | $21.3M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,482.3 | −0.049% | $4.9M | $97.9M | 40x | as long as short |
| Nado BTC-PERP | +0.0025% | 1h | 85,492.8 | −0.037% | $25.2M | $222.1M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Arcus BTC-USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0062% | 8h | 85,496.1 | −0.033% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0073% | 8h | 85,504.5 | −0.023% | $147.5M | $487.2M | 150x | as long as short |
| Bitget BTCUSDT | +0.0078% | 8h | 85,517.9 | −0.007% | $2.95B | $5.07B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0082% | 1h | 85,509.2 | −0.018% | $6.7M | $146.8M | 40x | as long as short |
| MEXC BTC_USDTshort | +0.0095% | 8h | 85,517.2 | −0.008% | $5.05B | $5.63B | 500x | |
| Binance BTCUSDT | +0.0096% | 8h | 85,517 | −0.008% | $9.36B | $24.13B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,506.8 | −0.020% | $173.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,504.8 | −0.023% | $23.9M | $149.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,517 | −0.008% | $8.4M | $52.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,477.4 | −0.055% | $2.4M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,482 | −0.049% | $211K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,562.9 | +0.045% | $4.8M | $8.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,589 | +0.076% | $3.74B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,532.8 | +0.010% | $40.7M | $580.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,510.5 | −0.016% | $5.21B | $9.81B | 150x | as long as short |
| OKX BTC-USDT-SWAPlong | +0.0100% | 8h | 85,524.2 | long leg | $2.58B | $12.14B | 100x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,507 | −0.020% | $3.8M | $18.2M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,515.9 | −0.010% | $5.51B | $10.72B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,492.5 | −0.037% | $35.6M | $176.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,455.5 | −0.080% | $153.7M | $564.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,449 | −0.088% | $279.2M | $919.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,448.2 | −0.089% | $214.5M | $169.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,461 | −0.074% | $139.8M | $314.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,491.4 | −0.038% | $30.2M | $208.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,560.4 | +0.042% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,509 | −0.018% | $11.0M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,517.1 | −0.008% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,475.7 | −0.057% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,519.3 | −0.006% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,474.3 | −0.058% | $29.9M | $50.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,494.2 | −0.035% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,498 | −0.031% | $59.9M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,499.4 | −0.029% | $2.26B | $942.3M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,369.3 | −0.181% | $653.8M | $618.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,487.3 | −0.043% | $44.7M | $230.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,484.8 | −0.046% | — | $107.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,554.3 | +0.035% | $117.1M | $5.18B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0123% | 1h | 85,541.1 | +0.020% | $884.2M | $1.56B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,475 | −0.058% | $339K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,529.7 | +0.006% | $187.6M | $955.3M | 100x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,532.6 | +0.010% | $8.2M | $42.5M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0202% | 1h | 85,520.1 | −0.005% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,476.1 | −0.056% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,509.7 | −0.017% | $703K | $7.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,528 | +0.004% | $10.4M | $756.8M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,523.6 | −0.001% | $501K | $18.8M | 6.7x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
Ondo Perps BTC-USD.P
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC