Funding you earn now, next payment 04:00 UTC+0.0313%/8h= +34.2% APRnext payment +$1.56 per $10,000 · paid last 24h +0.103%
Price spread now: MEXC against OKX−0.102%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$670.668% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 7 days+0.114%+$11 · spread now −0.102%, 7d avg +0.071%
=Funding pays, the price is against you. MEXC is 0.173% cheaper against OKX than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of +0.071%). If the spread goes back, that is −$17 on $10k: about 44 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.192% in total) that is about 6.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.56 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 | OKX USELESS-USDT-SWAP | 0.2541 | 0.0217 | pay 0.0109% / 4h | 49m 25s | $8.9M | $62.5M | 10x |
| Short | MEXC USELESS_USDT | 0.2539 | 0.0530 | get 0.0265% / 4h | 49m 25s | $10.1M | $6.2M | 50x |
OKX USELESS-USDT-SWAP
MEXC USELESS_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
- $65.67
- Price spread: −0.102% → +0.071%
- −$17.31
- Slippage, 4 orders
- −$48.77
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$18.41
- Costs to cover
- 0.668%
- Break-even
- 9.0 days
Slippage from OKX: live order book, 4 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, 4 min ago | 1.37 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.94 bp | 6.9 bp −$7 | 35.9 bp −$359 | 122.2 bp −$12.2K | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2536 | −0.209% | $1.1M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2542 | +0.022% | $11.5M | $22.7M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2536 | −0.224% | $28K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2537 | −0.185% | $6.3M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2542 | +0.004% | $35K | $219K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2543 | +0.075% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2539 | −0.106% | $17K | $518K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2537 | −0.161% | $556K | $1.1M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2543 | +0.047% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0217% | 4h | 0.2541 | long leg | $8.9M | $62.5M | 10x |
Lighter USELESS
Hyperliquid USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0234% | 4h | 0.2540 | −0.051% | $4.6M | $10.6M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.0268% | 1h | 0.2544 | +0.098% | $32K | $698K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0446% | 4h | 0.2541 | 0.000% | $4.9M | $10.4M | 20x | as long as short |
| Extended USELESS-USD | +0.0520% | 1h | 0.2543 | +0.048% | $112K | $1.2M | 5x | as long as short |
| Binance USELESSUSDT | +0.0522% | 4h | 0.2541 | −0.004% | $21.2M | $123.0M | 50x | as long as short |
| MEXC USELESS_USDTshort | +0.0530% | 4h | 0.2539 | −0.102% | $10.1M | $6.2M | 50x | |
| edgeX USELESSUSDC | +0.0545% | 4h | 0.2551 | +0.367% | $19K | $196K | 10x | as long as short |
| Aster USELESSUSDT | +0.0656% | 4h | 0.2538 | −0.129% | $503K | $2.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.0680% | 4h | 0.2541 | −0.020% | $24.4M | $48.7M | 13x | as long as short |
| BingX USELESS-USDT | +0.0714% | 4h | 0.2537 | −0.161% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0842% | 4h | 0.2544 | +0.085% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0968% | 4h | 0.2546 | +0.161% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1328% | 4h | 0.2542 | +0.008% | $19K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2703 | +6.366% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
Extended USELESS-USD
Binance USELESSUSDT
edgeX USELESSUSDC
Aster USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP