Funding arb · Price arb /

OKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.063%

Price spread now: MEXC against GMX+0.189%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. MEXC is 0.189% dearer against GMX than usual: you sell high and buy low (spread +0.189% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX OKB/USD [ETH-USDC]	120.98	L +0.0269% / S −0.0266%	pay 0.0034% / 1h	35m 35s	$3K	—	100x
Short	MEXC OKB_USDT	121.21	0.0100	get 0.0050% / 4h	2h 35m	$1.1M	$471K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee MEXCbpOrdersPrice spread, now +0.189%Rate

Funding earned: −$35.52
Price spread: +0.189% → 0.000%: $18.91
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$32.61
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; MEXC: live order book, just now. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, just now	0.41 bp	5.8 bp −$6	22.5 bp −$225	182.4 bp −$18.2K	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

OKB on 10 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 OKBUSDT	−0.2801%	1h	120.28	−0.576%	$49K	$39K	5x	as long as short
Injective OKB/USDC PERP	+0.0033%	1h	123.18	+1.817%	$25	$302K	5.5x	as long as short
BingX OKB-USDT	+0.0036%	4h	121.23	+0.206%	—	$2.8M	—	as long as short
Bybit OKBUSDT	+0.0100%	4h	121.26	+0.230%	$2.5M	$1.0M	25x	as long as short
OKX OKB-USDT-SWAP	+0.0100%	4h	121.28	+0.247%	$29.9M	$46.4M	20x	as long as short
Gate OKB_USDT	+0.0100%	8h	121.09	+0.090%	$1.5M	$643K	25x	as long as short
MEXC OKB_USDTshort	+0.0100%	4h	121.21	+0.189%	$1.1M	$471K	25x
Variational Omni OKB	+0.0100%	4h	121.14	+0.128%	$52K	$29K	—	as long as short
HTX OKB-USDT	+0.0100%	8h	121.47	+0.404%	$66K	$326K	10x	as long as short
GMX OKB/USD [ETH-USDC]long	L +0.0269% / S −0.0266%	1h	120.98	long leg	$3K	—	100x