Funding you earn now, next payment 00:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.003%
Price spread now: MEXC against OKX−0.087%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days+0.139%+$14 · spread now −0.087%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.089% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MINA-USDT-SWAP | 0.1262 | −0.0385 | get 0.0193% / 4h | 1h 34m | $1.9M | $16.9M | 20x |
| Short | MEXC MINA_USDT | 0.1261 | −0.0408 | pay 0.0408% / 8h | 1h 34m | $1.2M | $1.5M | 50x |
OKX MINA-USDT-SWAP
MEXC MINA_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
- −$4.73
- Price spread: −0.087% → +0.002%
- −$8.91
- Slippage, 4 orders
- −$49.68
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$77.32
- Costs to cover
- 0.637%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 2 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, 4 min ago | 1.98 bp | 21.4 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.59 bp | 7.9 bp −$8 | 53.2 bp −$532 | 96.7 bp −$9,673 | doesn't fit |
MINA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.1820% | 1h | 0.1262 | +0.008% | $24K | $87K | 10x | as long as short |
| BloFin MINA-USDT | −0.0417% | 8h | 0.1258 | −0.293% | $252K | $296K | 50x | as long as short |
| Binance MINAUSDT | −0.0409% | 8h | 0.1263 | +0.087% | $4.4M | $33.8M | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0408% | 8h | 0.1261 | −0.087% | $1.2M | $1.5M | 50x | |
| OKX MINA-USDT-SWAPlong | −0.0385% | 4h | 0.1262 | long leg | $1.9M | $16.9M | 20x | |
| Bitget MINAUSDT | −0.0277% | 8h | 0.1260 | −0.135% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0211% | 8h | 0.1260 | −0.158% | $409K | $965K | 50x | as long as short |
| Bybit MINAUSDT | −0.0161% | 4h | 0.1263 | +0.032% | $4.4M | $6.7M | 25x | as long as short |
| KuCoin MINAUSDTM | −0.0072% | 8h | 0.1260 | −0.206% | $763K | $506K | 30x | as long as short |
| BingX MINA-USDT | −0.0046% | 8h | 0.1263 | +0.040% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
BloFin MINA-USDT
Binance MINAUSDT
Bitget MINAUSDT
Gate MINA_USDT
Bybit MINAUSDT
KuCoin MINAUSDTM
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1262 | −0.048% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1264 | +0.143% | $407K | $148K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA