EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.041%

Price spread now: MEXC against OKX+0.068%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$720.721% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.068%, 7d avg −0.026%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.093% dearer against OKX than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.026%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.164%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EDGE-USDT-SWAP	0.5903	0.0442	pay 0.0221% / 4h	47m 25s	$3.7M	$5.7M	20x
Short	MEXC EDGE_USDT	0.5907	0.0386	get 0.0193% / 4h	47m 25s	$1.1M	$885K	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 +0.068%Rate

Funding earned: −$11.66
Price spread: +0.068% → −0.026%: $9.34
Slippage, 4 orders: −$54.13
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$74.45
Costs to cover: 0.721%
Break-even: never at this rate

Slippage from OKX: live order book, 5 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, 5 min ago	2.54 bp	23.4 bp −$23	144.3 bp −$1,443	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.85 bp	8.8 bp −$9	74.0 bp −$740	266.8 bp −$26.7K	722.3 bp −$361.1K

EDGE on 17 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
Backpack EDGE_USDC_PERP	−0.0405%	1h	0.5893	−0.169%	$59K	$107K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5893	−0.176%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5891	−0.203%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5899	−0.068%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5901	−0.034%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5892	−0.178%	$188K	$135K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5899	−0.063%	$7K	$2.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5895	−0.136%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5850	−0.898%	$4K	$623K	10x	as long as short
Extended EDGE-USD	+0.0384%	1h	0.5901	−0.027%	$27K	$191K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0386%	4h	0.5900	−0.051%	$10.1M	$10.3M	50x	as long as short
MEXC EDGE_USDTshort	+0.0386%	4h	0.5907	+0.068%	$1.1M	$885K	50x
Aster EDGEUSDT	+0.0423%	4h	0.5901	−0.039%	$67K	$129K	5x	as long as short
OKX EDGE-USDT-SWAPlong	+0.0442%	4h	0.5903	long leg	$3.7M	$5.7M	20x
BloFin EDGE-USDT	+0.0442%	4h	0.5897	−0.102%	$647K	$101K	50x	as long as short
edgeX EDGEUSDC	+0.0443%	4h	0.5901	−0.031%	$14.1M	$3.6M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0560%	4h	0.5898	−0.085%	$3K	—	10x	as long as short