Funding you earn now, next payment 04:00 UTC+0.0272%/8h= +29.8% APRnext payment +$1.36 per $10,000 · paid last 24h +0.123%
Price spread now: MEXC against OKX−0.021%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$530.533% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.021%, 7d avg +0.049%
=Funding pays, the price is against you. MEXC is 0.071% cheaper against OKX than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.049%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CAP-USDT-SWAP | 0.04662 | −0.0172 | get 0.0086% / 4h | 1h 41m | $2.1M | $7.3M | 10x |
| Short | MEXC CAP_USDT | 0.04661 | 0.0100 | get 0.0050% / 4h | 1h 41m | $556K | $230K | 20x |
OKX CAP-USDT-SWAP
MEXC CAP_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
- $57.06
- Price spread: −0.021% → +0.049%
- −$7.08
- Slippage, 4 orders
- −$35.29
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$3.32
- Costs to cover
- 0.533%
- Break-even
- 7.4 days
Slippage from OKX: live order book, 1 min ago; MEXC: live order book, 13 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, 1 min ago | 1.07 bp | 17.3 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 13 min ago | 1.08 bp | 9.9 bp −$10 | 33.5 bp −$335 | 188.4 bp −$18.8K | 529.8 bp −$264.9K |
CAP on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAPUSDTM | −0.0652% | 4h | 0.04659 | −0.064% | $4.4M | $1.4M | 10x | as long as short |
| OKX CAP-USDT-SWAPlong | −0.0172% | 4h | 0.04662 | long leg | $2.1M | $7.3M | 10x | |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04660 | −0.047% | — | — | 150x | as long as short |
| BloFin CAP-USDT | +0.0070% | 4h | 0.04663 | +0.021% | $379K | $60K | 10x | as long as short |
| Bitget CAPUSDT | +0.0074% | 4h | 0.04659 | −0.064% | $1.0M | $588K | 10x | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04659 | −0.075% | $20K | $2K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04657 | −0.110% | $26K | $66K | 5x | as long as short |
| Binance CAPUSDT | +0.0100% | 4h | 0.04660 | −0.037% | $9.0M | $8.8M | 10x | as long as short |
| Bybit CAPUSDT | +0.0100% | 4h | 0.04659 | −0.064% | $4.5M | $4.1M | 10x | as long as short |
| Gate CAP_USDT | +0.0100% | 4h | 0.04660 | −0.043% | $326K | $1.2M | 20x | as long as short |
KuCoin CAPUSDTM
gTrade (Gains Network) CAP/USD
BloFin CAP-USDT
Bitget CAPUSDT
Lighter CAP
Aster CAPUSDT
Binance CAPUSDT
Bybit CAPUSDT
Gate CAP_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CAP_USDTshort | +0.0100% | 4h | 0.04661 | −0.021% | $556K | $230K | 20x | |
| BingX CAP-USDT | +0.0100% | 4h | 0.04661 | −0.021% | — | $1.6M | — | as long as short |
| Variational Omni CAP | +0.0100% | 4h | 0.04669 | +0.154% | $8K | $8K | — | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04658 | −0.084% | $5K | $582 | 10x | as long as short |
BingX CAP-USDT
Variational Omni CAP
Orderly PERP_CAP_USDC_mythos