Funding you earn now, next payment 16:00 UTC−0.0196%/8h= −21.4% APRnext payment −$1.96 per $10,000 · paid last 24h +0.021%
Price spread now: MEXC against OKX−0.099%7-day average −0.176% · you buy dearer than you sell
Net, funding: paid 7d − costs−$309as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$3023.020% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now −0.099%, 7d avg −0.176%
=The price spread pays, funding is against you. MEXC is 0.076% dearer against OKX than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.176%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.068% in total) that is about 7.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.068% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BB-USDT-SWAP | 9.0490 | 0.0505 | pay 0.0505% / 8h | 4h 08m | $395K | $1.0M | 20x |
| Short | MEXC BBSTOCK_USDT | 9.0400 | 0.0309 | get 0.0309% / 8h | 4h 08m | $358K | $143K | 50x |
OKX BB-USDT-SWAP
MEXC BBSTOCK_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
- −$41.13
- Price spread: −0.099% → −0.176%
- $7.63
- Slippage, 4 orders
- −$292.05
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$335.55
- Costs to cover
- 3.020%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; MEXC: live order book, 15 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, 1 min ago | 9.93 bp | 61.7 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 15 min ago | 16.38 bp | 94.7 bp −$95 | 189.7 bp −$1,897 | 211.6 bp −$21.2K | 299.3 bp −$149.7K |
BB on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 9.0320 | −0.188% | $56K | $33K | 20x | as long as short |
| QFEX BB-USD | +0.0046% | 1h | 9.0200 | −0.320% | $1.1M | $268K | 10x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 9.0600 | +0.122% | — | $1K | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0050% | 1h | 9.0391 | −0.109% | $602K | $491K | 10x | as long as short |
| MEXC BBSTOCK_USDTshort | +0.0309% | 8h | 9.0400 | −0.099% | $358K | $143K | 50x | |
| OKX BB-USDT-SWAPlong | +0.0505% | 8h | 9.0490 | long leg | $395K | $1.0M | 20x | |
| tradeXYZ xyz:BB | +0.0952% | 1h | 9.0402 | −0.097% | $11.5M | $4.5M | 10x | as long as short |
| Extended BB-USD | +0.0968% | 1h | 9.0394 | −0.106% | $9K | $13K | 10x | as long as short |
| Lighter BB | +0.1040% | 1h | 9.0537 | +0.052% | $198K | $160K | 10x | as long as short |
Bitget BBSTOCKUSDT
QFEX BB-USD
Vest BB-USD-PERP
Ondo Perps BB-USD.P
tradeXYZ xyz:BB
Extended BB-USD
Lighter BB