Funding you earn now, next payment 04:00 UTC+0.0238%/8h= +26.1% APRnext payment +$1.19 per $10,000 · paid last 24h +0.025%
Price spread now: OKX against MEXC+0.016%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now +0.016%, 7d avg +0.042%
=Funding pays, the price is against you. OKX is 0.026% cheaper against MEXC than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.042%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.098% in total) that is about 45 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.19 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 PYTH_USDT | 0.06441 | −0.0138 | get 0.0069% / 4h | 3h 15m | $9.8M | $2.4M | 125x |
| Short | OKX PYTH-USDT-SWAP | 0.06442 | 0.0100 | get 0.0050% / 4h | 3h 15m | $2.1M | $3.4M | 50x |
MEXC PYTH_USDT
OKX PYTH-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
- $49.98
- Price spread: +0.016% → +0.042%
- −$2.63
- Slippage, 4 orders
- −$37.99
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$0.64
- Costs to cover
- 0.480%
- Break-even
- 7.1 days
Slippage from MEXC: live order book, 2 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, 2 min ago | 0.78 bp | 5.1 bp −$5 | 15.2 bp −$152 | 85.8 bp −$8,579 | 136.8 bp −$68.4K |
| Sell OKX live order book, 2 min ago | 1.56 bp | 15.9 bp −$16 | 105.0 bp −$1,050 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC PYTH_USDTlong | −0.0138% | 4h | 0.06441 | long leg | $9.8M | $2.4M | 125x | |
| Kraken Futures PF_PYTHUSD | −0.0135% | 1h | 0.06445 | +0.065% | $396K | $291K | 25x | as long as short |
| Binance PYTHUSDT | −0.0133% | 4h | 0.06439 | −0.030% | $9.3M | $17.6M | 75x | as long as short |
| BloFin PYTH-USDT | −0.0094% | 4h | 0.06399 | −0.652% | $429K | $110K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06415 | −0.404% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06440 | −0.015% | $191K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0014% | 4h | 0.06434 | −0.112% | $22K | $44K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.810% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06430 | −0.171% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06446 | +0.078% | $202K | $199K | 5x | as long as short |
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06440 | −0.014% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06444 | +0.039% | $1.9M | $1.5M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06444 | +0.047% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06442 | +0.016% | $2.1M | $3.4M | 50x | |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06439 | −0.031% | $1.1M | $473K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06441 | 0.000% | $1.5M | $325K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06439 | −0.031% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06437 | −0.062% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06426 | −0.233% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06425 | −0.250% | $3K | $2K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0216% | 1h | 0.06434 | −0.109% | $10K | $10K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06423 | −0.283% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0934% | 1h | 0.06446 | +0.076% | $36K | $91K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Deribit PYTH_USDC-PERPETUAL
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP