Funding you earn now, next payment 08:00 UTC+0.0155%/8h= +17.0% APRnext payment +$1.55 per $10,000 · paid last 24h +0.017%
Price spread now: OKX against MEXC+0.047%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days+0.033%+$3 · spread now +0.047%, 7d avg +0.044%
=The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USDC_USDT | 0.9996 | −0.0155 | get 0.0155% / 8h | 5h 13m | $20.8M | $744K | 200x |
| Short | OKX USDC-USDT-SWAP | 1.0001 | 0 | get 0.0000% / 8h | 5h 13m | $1.1M | $43K | 50x |
MEXC USDC_USDT
OKX USDC-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
- $32.55
- Price spread: +0.047% → +0.044%
- $0.3
- Slippage, 4 orders
- −$4.64
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $10.21
- Costs to cover
- 0.226%
- Break-even
- 4.8 days
Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 3 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 | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.2 bp −$415 | 4.7 bp −$2,368 |
| Sell OKX live order book, 3 min ago | 0.26 bp | 5.8 bp −$6 | 8.3 bp −$83 | doesn't fit | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0156% | 8h | 0.9996 | 0.000% | $4.6M | $4.5M | 50x | as long as short |
| MEXC USDC_USDTlong | −0.0155% | 8h | 0.9996 | long leg | $20.8M | $744K | 200x | |
| Bitget USDCUSDT | −0.0148% | 8h | 0.9995 | −0.008% | $4.3M | $16K | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0120% | 8h | 0.9994 | −0.018% | $2.5M | $20K | 30x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0097% | 1h | 0.9997 | +0.017% | $14K | $924 | 50x | as long as short |
| Gate USDC_USDT | −0.0005% | 8h | 0.9993 | −0.028% | $253K | $39K | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.052% | $9.5M | $351K | 50x | as long as short |
| OKX USDC-USDT-SWAPshort | 0.0000% | 8h | 1.0001 | +0.047% | $1.1M | $43K | 50x |
Binance USDCUSDT
Bitget USDCUSDT
KuCoin USDCUSDTM
Kraken Futures PF_USDCUSD
Gate USDC_USDT
Bybit USDCUSDT