Funding you earn now, next payment 07:00 UTC−5.4689%/8h= −5988.4% APRnext payment −$68.36 per $10,000 · paid last 24h −10.134%
Price spread now: OKX against MEXC+36.477%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,668as in the Funding arb table
Net, price: spread back to 7d avg − costs+$3,532as in the Price arb table
costs, in and out, $10k−$1161.160% of the position
Funding, last 7 days−25.523%−$2,552 on $10k
+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. OKX is 36.477% dearer against MEXC than usual: you sell high and buy low (spread +36.477% now, against zero (this spread has no 7-day history yet)): +$3,648 on $10k if it goes back. Holding the pair costs −$1,641 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−25.523% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -25.523% in total (about -1330.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$68.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ONE_USDT | 0.003879 | −0.0488 | get 0.0061% / 1h | 58m 30s | $11.0M | $14.5M | 20x |
| Short | OKX ONE-USDT-SWAP | 0.005293 | −5.5177 | pay 0.6897% / 1h | 58m 30s | $6.5M | $230.4M | 10x |
MEXC ONE_USDT
OKX ONE-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
- −$11,484.68
- Price spread: +36.477% → 0.000%
- $3,647.71
- Slippage, 4 orders
- −$102.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$7,952.99
- Costs to cover
- 1.160%
- Break-even
- from the start
Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago | 0.13 bp | 30.3 bp −$30 | 71.6 bp −$716 | 262.1 bp −$26.2K | doesn't fit |
| Sell OKX live order book, 6 min ago | 2.88 bp | 37.4 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
ONE 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ONE-USDT-SWAPshort | −5.5177% | 1h | 0.005293 | +36.477% | $6.5M | $230.4M | 10x | |
| Variational Omni ONE | −0.4062% | 1h | 0.003933 | +1.403% | $97K | $46K | — | as long as short |
| Bitget ONEUSDT | −0.1608% | 1h | 0.003889 | +0.278% | $1.8M | $30.7M | 20x | as long as short |
| BloFin ONE-USDT | −0.1452% | 1h | 0.003887 | +0.224% | $778K | $2.1M | 50x | as long as short |
| Aster ONEUSDT | −0.0958% | 1h | 0.003875 | −0.089% | $2.0M | $5.8M | 5x | as long as short |
| Binance ONEUSDT | −0.0492% | 1h | 0.003874 | −0.123% | $13.3M | $327.1M | 50x | as long as short |
| MEXC ONE_USDTlong | −0.0488% | 1h | 0.003879 | long leg | $11.0M | $14.5M | 20x | |
| KuCoin ONEUSDTM | −0.0368% | 1h | 0.004031 | +3.929% | $3.7M | $12.0M | 30x | as long as short |
| Gate ONE_USDT | −0.0361% | 8h | 0.003860 | −0.480% | $1.7M | $14.8M | 20x | as long as short |
| BingX ONE-USDT | −0.0048% | 1h | 0.003904 | +0.655% | — | $5.4M | — | as long as short |
Variational Omni ONE
Bitget ONEUSDT
BloFin ONE-USDT
Aster ONEUSDT
Binance ONEUSDT
KuCoin ONEUSDTM
Gate ONE_USDT
BingX ONE-USDT