Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX+0.198%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1221.222% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.198%, 7d avg +0.064%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.133% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MEW-USDT-SWAP | 0.0004657 | 0.0100 | pay 0.0050% / 4h | 1h 33m | $523K | $662K | 20x |
| Short | Binance MEWUSDT | 0.0004666 | 0.0100 | get 0.0050% / 4h | 1h 33m | $1.1M | $2.6M | 50x |
OKX MEW-USDT-SWAP
Binance MEWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.198% → +0.064%
- $13.34
- Slippage, 4 orders
- −$102.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.91
- Costs to cover
- 1.222%
- Break-even
- never at this rate
Slippage from OKX: live order book, 47 min ago; Binance: live order book, 1 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, 47 min ago | 3.21 bp | 33.6 bp −$34 | 9548.4 bp −$95.5K | 174404.6 bp −$17.44M | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.14 bp | 26.1 bp −$26 | 82.7 bp −$827 | doesn't fit | doesn't fit |
MEW on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MEW/USD [WBTC.b-USDC] | L 0.0000% / S 0.0000% | 1h | 0.0004650 | −0.150% | — | — | 100x | as long as short |
| Injective MEW/USDC PERP | +0.0033% | 1h | 0.0004219 | −9.405% | $46 | $14K | 5.5x | as long as short |
| Binance MEWUSDTshort | +0.0100% | 4h | 0.0004666 | +0.198% | $1.1M | $2.6M | 50x | |
| Bybit MEWUSDT | +0.0100% | 4h | 0.0004661 | +0.086% | $1.5M | $1.0M | 25x | as long as short |
| OKX MEW-USDT-SWAPlong | +0.0100% | 4h | 0.0004657 | long leg | $523K | $662K | 20x | |
| Gate MEW_USDT | +0.0100% | 4h | 0.0004660 | +0.064% | $123K | $75K | 50x | as long as short |
| MEXC MEW_USDT | +0.0100% | 4h | 0.0004665 | +0.172% | $386K | $171K | 125x | as long as short |
| KuCoin MEWUSDTM | +0.0100% | 4h | 0.0004666 | +0.193% | $354K | $112K | 30x | as long as short |
| Bitget MEWUSDT | +0.0100% | 4h | 0.0004661 | +0.086% | $481K | $351K | 50x | as long as short |
| BingX MEW-USDT | +0.0100% | 4h | 0.0004660 | +0.064% | — | $22.6M | — | as long as short |
GMX MEW/USD [WBTC.b-USDC]
Injective MEW/USDC PERP
Bybit MEWUSDT
Gate MEW_USDT
MEXC MEW_USDT
KuCoin MEWUSDTM
Bitget MEWUSDT
BingX MEW-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MEW | +0.0100% | 4h | 0.0004667 | +0.225% | $82K | $32K | — | as long as short |
| Kraken Futures PF_MEWUSD | +0.0438% | 1h | 0.0004677 | +0.420% | $92K | $130K | 10x | as long as short |
Variational Omni MEW
Kraken Futures PF_MEWUSD