Funding you earn now, next payment 08:00 UTC+0.0692%/8h= +75.8% APRnext payment +$3.46 per $10,000 · paid last 24h +0.094%
Price spread now: MEXC against OKX−0.166%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$500.495% of the position
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 7 days+0.139%+$14 · spread now −0.166%, 7d avg −0.009%
=Funding pays, the price is against you. MEXC is 0.157% cheaper against OKX than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.009%). If the spread goes back, that is −$16 on $10k: about 18 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.108% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.46 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 IOST-USDT-SWAP | 0.0009024 | −0.2598 | get 0.1299% / 4h | 3h 01m | $1.6M | $4.1M | 10x |
| Short | MEXC IOST_USDT | 0.0009009 | −0.1906 | pay 0.0953% / 4h | 3h 01m | $1.9M | $469K | 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $145.37
- Price spread: −0.166% → −0.009%
- −$15.7
- Slippage, 4 orders
- −$35.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $80.16
- Costs to cover
- 0.495%
- Break-even
- 3.1 days
Slippage from OKX: live order book, 1 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, 1 min ago | 0.55 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.66 bp | 7.4 bp −$7 | 26.5 bp −$265 | 110.4 bp −$11.0K | 399.6 bp −$199.8K |
IOST on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IOST-USDT-SWAPlong | −0.2598% | 4h | 0.0009024 | long leg | $1.6M | $4.1M | 10x | |
| Bybit IOSTUSDT | −0.2235% | 8h | 0.0009029 | +0.055% | $1.9M | $2.0M | 25x | as long as short |
| Binance IOSTUSDT | −0.1907% | 4h | 0.0009026 | +0.022% | $5.9M | $16.2M | 50x | as long as short |
| MEXC IOST_USDTshort | −0.1906% | 4h | 0.0009009 | −0.166% | $1.9M | $469K | 50x | |
| Variational Omni IOST | −0.1867% | 8h | 0.0009054 | +0.332% | $10K | $5K | — | as long as short |
| BloFin IOST-USDT | −0.1856% | 4h | 0.0009030 | +0.066% | $298K | $2.0M | 50x | as long as short |
| Bitget IOSTUSDT | −0.1696% | 4h | 0.0009010 | −0.155% | $657K | $2.3M | 25x | as long as short |
| Gate IOST_USDT | −0.0808% | 4h | 0.0009020 | −0.044% | $721K | $524K | 25x | as long as short |
| BingX IOST-USDT | −0.0670% | 4h | 0.0009015 | −0.100% | — | $2.4M | — | as long as short |
OKX IOST-USDT-SWAP
MEXC IOST_USDT
Bybit IOSTUSDT
Binance IOSTUSDT
Variational Omni IOST
BloFin IOST-USDT
Bitget IOSTUSDT
Gate IOST_USDT
BingX IOST-USDT