Funding you earn now, next payment 04:00 UTC+0.0282%/8h= +30.9% APRnext payment +$1.41 per $10,000 · paid last 24h +0.084%
Price spread now: MEXC against OKX−0.166%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1291.287% of the position
Funding, last 7 days+0.213%+$21 on $10k
+Price spread, last 7 days+0.176%+$18 · spread now −0.166%, 7d avg −0.005%
=Funding pays, the price is against you. MEXC is 0.161% cheaper against OKX than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.005%). If the spread goes back, that is −$16 on $10k: about 46 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.213% in total) that is about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX LIGHT-USDT-SWAP | 0.1808 | 0.0100 | pay 0.0050% / 4h | 27m 05s | $897K | $1.3M | 10x |
| Short | MEXC LIGHT_USDT | 0.1805 | 0.0382 | get 0.0191% / 4h | 27m 05s | $1.4M | $291K | 50x |
OKX LIGHT-USDT-SWAP
MEXC LIGHT_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
- $59.22
- Price spread: −0.166% → −0.005%
- −$16.08
- Slippage, 4 orders
- −$118.71
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$85.57
- Costs to cover
- 1.287%
- Break-even
- 17.1 days
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 | 2.77 bp | 30.5 bp −$30 | 1986.7 bp −$19.9K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.77 bp | 26.0 bp −$26 | 137.6 bp −$1,376 | 269.3 bp −$26.9K | doesn't fit |
LIGHT 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 LIGHT-USDT-SWAPlong | +0.0100% | 4h | 0.1808 | long leg | $897K | $1.3M | 10x | |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1806 | −0.111% | $2.3M | $564K | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1803 | −0.277% | $1K | $1.4M | 20x | as long as short |
| KuCoin LIGHTUSDTM | +0.0256% | 4h | 0.1805 | −0.183% | $2.0M | $2.5M | 10x | as long as short |
| Aster LIGHTUSDT | +0.0258% | 4h | 0.1806 | −0.126% | $22K | $6K | 5x | as long as short |
| BloFin LIGHT-USDT | +0.0334% | 4h | 0.1805 | −0.166% | $237K | $17K | 10x | as long as short |
| Binance LIGHTUSDT | +0.0374% | 4h | 0.1806 | −0.113% | $4.1M | $3.1M | 10x | as long as short |
| MEXC LIGHT_USDTshort | +0.0382% | 4h | 0.1805 | −0.166% | $1.4M | $291K | 50x | |
| Bybit LIGHTUSDT | +0.0456% | 4h | 0.1806 | −0.094% | $2.2M | $608K | 13x | as long as short |
Gate LIGHT_USDT
SunX LIGHT-USDT
KuCoin LIGHTUSDTM
Aster LIGHTUSDT
BloFin LIGHT-USDT
Binance LIGHTUSDT
Bybit LIGHTUSDT