Settings8H · net · $10k
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Funding arb · Price arb / Crypto

MEW

All MEW markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotMEW-USDT
0.0003466spotno funding——$389K1xBuy OKX Spot
SHORT
OKXMEW-USDT-SWAP
0.0003462−0.0600pay 0.0300% / 4h2h 02m$679K$1.3M20xShort OKX
Price gap−0.130%
Funding gap−0.0600% /8h

The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 3 hours. At the last 7 days' pace that is about 2.2 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$7−0.0600% /8h now · paid −0.069% over the last 7D
Price+$2spread −0.130% now, avg −0.151% → +0.022% if it goes back
Costs−$1,13611.362% of $10k · taker + slippage, in and out
Result−$1,141−11.41%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.069% in total, about −0.0033%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.130%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MEW on 10 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size1041.3 / 24.7 bp
    At $10k entering OKX Spot costs 1041.3 bp, fee and slippage, 42.2× OKX’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; OKX runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on OKX.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; OKX settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$17.99Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$17.99.
  • OK: Entry gap works for you−0.130% vs −0.151%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thin$679K OI
    OKX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Spot Yes · OKX Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0033%/8h × 21 periods−$6.89
Price spread−0.130% → −0.151% (7d avg)+$2.16
Slippage, 4 orderslive order books−$1,106.16
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$1,140.89
Costs to cover11.362%Break-evennever at this rate
Slippage: OKX Spot: live order book, 42 min ago; OKX: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot4.301041.3 bp−$1,041doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX1.4424.7 bp−$25doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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