Funding you earn now, next payment 00:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.49 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance−0.086%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$720.718% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.086%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.068% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEMEUSDT | 0.0006067 | 0.0100 | pay 0.0050% / 4h | 1h 12m | $2.5M | $4.3M | 50x |
| Short | OKX MEME-USDT-SWAP | 0.0006062 | 0.0002 | get 0.0001% / 4h | 1h 12m | $605K | $1.9M | 20x |
Binance MEMEUSDT
OKX MEME-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$20.51
- Price spread: −0.086% → −0.018%
- −$6.81
- Slippage, 4 orders
- −$51.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$99.13
- Costs to cover
- 0.718%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; OKX: 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 Binance live order book, 9 min ago | 2.47 bp | 16.0 bp −$16 | 79.3 bp −$793 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.65 bp | 17.1 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
MEME on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MEMEUSDT | −0.0435% | 4h | 0.0006065 | −0.036% | $1.2M | $527K | 50x | as long as short |
| GMX MEME/USD [WBTC.b-USDC] | L 0.0000% / S 0.0000% | 1h | 0.0006060 | −0.119% | — | — | 100x | as long as short |
| OKX MEME-USDT-SWAPshort | +0.0002% | 4h | 0.0006062 | −0.086% | $605K | $1.9M | 20x | |
| Hyperliquid MEME | +0.0100% | 1h | 0.0006060 | −0.119% | $538K | $135K | 3x | as long as short |
| Binance MEMEUSDTlong | +0.0100% | 4h | 0.0006067 | long leg | $2.5M | $4.3M | 50x | |
| Gate MEME_USDT | +0.0100% | 4h | 0.0006062 | −0.086% | $421K | $82K | 20x | as long as short |
| MEXC MEME_USDT | +0.0100% | 4h | 0.0006067 | −0.003% | $905K | $331K | 50x | as long as short |
| KuCoin MEMEUSDTM | +0.0100% | 4h | 0.0006071 | +0.063% | $182K | $52K | 30x | as long as short |
| Bitget MEMEUSDT | +0.0100% | 4h | 0.0006069 | +0.030% | $427K | $750K | 25x | as long as short |
| BingX MEME-USDT | +0.0100% | 4h | 0.0006063 | −0.069% | — | $2.4M | — | as long as short |
Bybit MEMEUSDT
GMX MEME/USD [WBTC.b-USDC]
Hyperliquid MEME
Gate MEME_USDT
MEXC MEME_USDT
KuCoin MEMEUSDTM
Bitget MEMEUSDT
BingX MEME-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MEME-USDT | +0.0108% | 4h | 0.0006069 | +0.030% | $128K | $6K | 50x | as long as short |
BloFin MEME-USDT