Funding you earn now, next payment 08:00 UTC+0.0531%/8h= +58.1% APRnext payment +$5.31 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against Bitget−0.117%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$960.960% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.117%, 7d avg −0.001%
=Funding pays, the price is against you. OKX is 0.115% cheaper against Bitget than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.001%). If the spread goes back, that is −$12 on $10k: about 17 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.194%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.194% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.31 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 | Bitget MVLLUSDT | 34.240 | −0.0531 | get 0.0531% / 8h | 3h 29m | $650K | $658K | 20x |
| Short | OKX MVLL-USDT-SWAP | 34.200 | 0 | get 0.0000% / 8h | 3h 29m | $841K | $1.2M | 10x |
Bitget MVLLUSDT
OKX MVLL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $111.51
- Price spread: −0.117% → −0.001%
- −$11.55
- Slippage, 4 orders
- −$74.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $3.92
- Costs to cover
- 0.960%
- Break-even
- 6.8 days
Slippage from Bitget: live order book, 20 min ago; OKX: live order book, 2 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 Bitget live order book, 20 min ago | 2.90 bp | 24.4 bp −$24 | 55.8 bp −$558 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.46 bp | 21.3 bp −$21 | 37.8 bp −$378 | doesn't fit | doesn't fit |
MVLL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MVLLUSDTlong | −0.0531% | 8h | 34.240 | long leg | $650K | $658K | 20x | |
| Binance MVLLUSDT | 0.0000% | 8h | 34.244 | +0.011% | $3.4M | $39.7M | 20x | as long as short |
| Bybit MVLLUSDT | 0.0000% | 8h | 34.200 | −0.117% | $517K | $441K | 25x | as long as short |
| OKX MVLL-USDT-SWAPshort | 0.0000% | 8h | 34.200 | −0.117% | $841K | $1.2M | 10x | |
| Gate MVLL_USDT | 0.0000% | 8h | 34.230 | −0.029% | $520K | $1.6M | 25x | as long as short |
| MEXC MVLL_USDT | 0.0000% | 8h | 34.230 | −0.029% | $4.3M | $1.4M | 20x | as long as short |
| Phemex MVLLUSDT | 0.0000% | 8h | 34.220 | −0.058% | $1.7M | $1.1M | 10x | as long as short |
| KuCoin MVLLUSDTM | +0.0100% | 8h | 34.240 | 0.000% | $184K | $571K | 20x | as long as short |
| HTX MVLL-USDT | +0.0100% | 8h | 34.230 | −0.029% | $9K | $259K | 10x | as long as short |
Binance MVLLUSDT
Bybit MVLLUSDT
Gate MVLL_USDT
MEXC MVLL_USDT
Phemex MVLLUSDT
KuCoin MVLLUSDTM
HTX MVLL-USDT