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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+5.2968%/8h= +5800.0% APRnext payment +$66.21 per $10,000 · paid last 24h +9.974%
Price spread now: MEXC against OKX−20.671%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs+$2,291as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,169as in the Price arb table
costs, in and out, $10k−$1021.015% of the position
Long on OKXShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+23.922%+$2,392 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. MEXC is 20.671% cheaper against OKX than usual: you would sell low and buy high (spread −20.671% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2,067 on $10k: about 31 hours of funding at the current rate (+$1,589 a day). At the pace of the last 7 days (+23.922% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 23.922% in total (about 1247.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$66.21 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ONE-USDT-SWAP0.005177−5.3728get 0.6716% / 1h58m 04s$6.1M$239.7M10x
ShortMEXC ONE_USDT0.004107−0.0760pay 0.0095% / 1h58m 04s$11.1M$14.9M20x

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

Profit calculator

Funding earned
$11,123.29
Price spread: −20.671% → 0.000%
−$2,067.11
Slippage, 4 orders
−$87.52
Fee OKX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
$8,954.66
Costs to cover
1.015%
Break-even
1.4 days
Slippage from OKX: live order book, 6 min ago; MEXC: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 6 min ago1.82 bp48.7 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, just now0.12 bp21.3 bp −$2173.2 bp −$732310.7 bp −$31.1Kdoesn't fit

ONE on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ONE-USDT-SWAPlong−5.3728%1h0.005177long leg$6.1M$239.7M10x
Variational Omni ONE−0.5954%1h0.004121−20.398%$102K$51K—as long as short
Aster ONEUSDT−0.2050%1h0.004100−20.803%$2.2M$5.8M5xas long as short
BloFin ONE-USDT−0.1722%1h0.004152−19.796%$821K$2.4M50xas long as short
Bitget ONEUSDT−0.1312%1h0.004130−20.211%$1.9M$31.8M20xas long as short
Gate ONE_USDT−0.0856%8h0.004095−20.897%$1.8M$15.2M20xas long as short
Binance ONEUSDT−0.0786%1h0.004102−20.758%$14.3M$334.6M50xas long as short
MEXC ONE_USDTshort−0.0760%1h0.004107−20.671%$11.1M$14.9M20x
KuCoin ONEUSDTM−0.0152%1h0.004289−17.150%$4.1M$12.4M30xas long as short
BingX ONE-USDT−0.0056%1h0.004142−19.999%—$5.7M—as long as short