Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.030%
Price spread now: MEXC against OKX+0.185%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$780.777% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 7 days−0.177%−$18 · spread now +0.185%, 7d avg +0.024%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.161% dearer against OKX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX W-USDT-SWAP | 0.01186 | 0.0042 | pay 0.0021% / 4h | 0m 01s | $1.3M | $2.0M | 20x |
| Short | MEXC W_USDT | 0.01188 | 0.0100 | get 0.0050% / 4h | 0m 01s | $12.9M | $1.5M | 50x |
OKX W-USDT-SWAP
MEXC W_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
- $12.22
- Price spread: +0.185% → +0.024%
- $16.1
- Slippage, 4 orders
- −$63.72
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$49.39
- Costs to cover
- 0.777%
- Break-even
- 35.3 days
Slippage from OKX: live order book, 2 min ago; MEXC: 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 OKX live order book, 2 min ago | 2.53 bp | 31.2 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.27 bp | 6.5 bp −$6 | 53.3 bp −$533 | 83.4 bp −$8,341 | 147.9 bp −$73.9K |
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 | −0.0002% | 1h | 0.01189 | +0.219% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.931% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAPlong | +0.0042% | 4h | 0.01186 | long leg | $1.3M | $2.0M | 20x | |
| Hyperliquid W | +0.0100% | 1h | 0.01188 | +0.160% | $2.0M | $416K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01188 | +0.140% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01186 | −0.034% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01186 | −0.008% | $448K | $291K | 75x | as long as short |
| MEXC W_USDTshort | +0.0100% | 4h | 0.01188 | +0.185% | $12.9M | $1.5M | 50x | |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01189 | +0.244% | $467K | $215K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01188 | +0.160% | $1.3M | $571K | 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 | 0.01188 | +0.202% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01182 | −0.304% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01184 | −0.179% | $127K | $377K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01188 | +0.177% | $59K | $228K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01188 | +0.169% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0543% | 1h | 0.01189 | +0.253% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0714% | 1h | 0.01191 | +0.444% | $148K | $181K | 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