Funding you earn now, next payment 08:00 UTC−0.0143%/8h= −15.7% APRnext payment −$1.43 per $10,000 · paid last 24h −0.017%
Price spread now: MEXC against OKX−0.041%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.229% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now −0.041%, 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: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USDC-USDT-SWAP | 1.0000 | 0 | get 0.0000% / 8h | 3h 59m | $1.1M | $42K | 50x |
| Short | MEXC USDC_USDT | 0.9996 | −0.0143 | pay 0.0143% / 8h | 3h 59m | $20.8M | $739K | 200x |
OKX USDC-USDT-SWAP
MEXC USDC_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.03
- Price spread: −0.041% → −0.044%
- $0.31
- Slippage, 4 orders
- −$4.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$52.59
- Costs to cover
- 0.229%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 4 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 OKX live order book, 2 min ago | 0.32 bp | 8.9 bp −$9 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$414 | 4.7 bp −$2,326 |
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 | −0.0143% | 8h | 0.9996 | −0.042% | $4.7M | $4.5M | 50x | as long as short |
| MEXC USDC_USDTshort | −0.0143% | 8h | 0.9996 | −0.041% | $20.8M | $739K | 200x | |
| KuCoin USDCUSDTM | −0.0142% | 8h | 0.9991 | −0.093% | $2.5M | $20K | 30x | as long as short |
| Bitget USDCUSDT | −0.0130% | 8h | 0.9995 | −0.049% | $4.3M | $16K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0066% | 1h | 0.9998 | −0.024% | $14K | $924 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.011% | $9.5M | $347K | 50x | as long as short |
| OKX USDC-USDT-SWAPlong | 0.0000% | 8h | 1.0000 | long leg | $1.1M | $42K | 50x | |
| Gate USDC_USDT | +0.0050% | 8h | 0.9992 | −0.079% | $253K | $39K | 50x | as long as short |
Binance USDCUSDT
KuCoin USDCUSDTM
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
Gate USDC_USDT