Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%
Price spread now: OKX against MEXC−0.101%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$860.861% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now −0.101%, 7d avg −0.026%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.075% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC W_USDT | 0.01189 | 0.0100 | pay 0.0050% / 4h | 3h 14m | $12.4M | $1.3M | 50x |
| Short | OKX W-USDT-SWAP | 0.01188 | 0.0100 | get 0.0050% / 4h | 3h 14m | $1.3M | $1.4M | 20x |
MEXC W_USDT
OKX W-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
- $0
- Price spread: −0.101% → −0.026%
- −$7.46
- Slippage, 4 orders
- −$72.13
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$93.6
- Costs to cover
- 0.861%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 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, 4 min ago | 2.52 bp | 12.5 bp −$12 | 63.3 bp −$633 | 86.7 bp −$8,674 | 149.4 bp −$74.7K |
| Sell OKX live order book, 3 min ago | 1.26 bp | 32.3 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0170% | 1h | 0.01190 | +0.059% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.639% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01190 | +0.042% | $2.0M | $267K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01189 | −0.021% | $3.0M | $4.9M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01187 | −0.210% | $4.2M | $1.5M | 50x | as long as short |
| OKX W-USDT-SWAPshort | +0.0100% | 4h | 0.01188 | −0.101% | $1.3M | $1.4M | 20x | |
| Gate W_USDT | +0.0100% | 4h | 0.01186 | −0.277% | $433K | $217K | 75x | as long as short |
| MEXC W_USDTlong | +0.0100% | 4h | 0.01189 | long leg | $12.4M | $1.3M | 50x | |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01188 | −0.126% | $390K | $188K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01189 | −0.042% | $1.3M | $545K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01189 | −0.067% | — | $6.7M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01188 | −0.115% | $72K | $30K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01187 | −0.210% | $127K | $374K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01189 | −0.048% | $64K | $388K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01191 | +0.160% | $13K | $12K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0845% | 1h | 0.01191 | +0.143% | $45K | $49K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0888% | 1h | 0.01191 | +0.151% | $148K | $47K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD