Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against MEXC+0.117%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$314as in the Price arb table
costs, in and out, $10k−$3193.185% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.117%, 7d avg +0.076%
=The price spread pays, funding is against you. OKX is 0.041% dearer against MEXC than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.076%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.002% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NES_USDT | 0.1707 | 0.0362 | pay 0.0181% / 4h | 2h 49m | $702K | $92K | 20x |
| Short | OKX NES-USDT-SWAP | 0.1709 | 0.0353 | get 0.0176% / 4h | 2h 49m | $1.2M | $777K | 20x |
MEXC NES_USDT
OKX NES-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against MEXC. 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
- −$1.94
- Price spread: +0.117% → +0.076%
- $4.15
- Slippage, 4 orders
- −$304.54
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$316.33
- Costs to cover
- 3.185%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 10 min ago; OKX: 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 MEXC live order book, 10 min ago | 2.92 bp | 68.0 bp −$68 | 287.8 bp −$2,878 | 431.9 bp −$43.2K | 875.8 bp −$437.9K |
| Sell OKX live order book, 2 min ago | 2.93 bp | 88.5 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
NES on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NESUSDT | +0.0100% | 1h | 0.1704 | −0.166% | $58K | $2K | 5x | as long as short |
| Gate NES_USDT | +0.0100% | 4h | 0.1708 | +0.059% | $142K | $55K | 10x | as long as short |
| OKX NES-USDT-SWAPshort | +0.0353% | 4h | 0.1709 | +0.117% | $1.2M | $777K | 20x | |
| MEXC NES_USDTlong | +0.0362% | 4h | 0.1707 | long leg | $702K | $92K | 20x | |
| BingX NES-USDT | +0.0386% | 4h | 0.1709 | +0.117% | — | $722K | — | as long as short |
| BloFin NES-USDT | +0.0421% | 4h | 0.1708 | +0.059% | $89K | $46K | 20x | as long as short |
| KuCoin NESUSDTM | +0.1198% | 4h | 0.1715 | +0.475% | $1.4M | $862K | 20x | as long as short |
Aster NESUSDT
Gate NES_USDT
BingX NES-USDT
BloFin NES-USDT
KuCoin NESUSDTM