Funding you earn now, next payment 16:00 UTC−0.0316%/8h= −34.6% APRnext payment −$3.16 per $10,000 · paid last 24h −0.148%
Price spread now: Bitget against OKX−0.059%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1111.106% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.059%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.063% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.16 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 MVLL-USDT-SWAP | 33.820 | 0 | get 0.0000% / 8h | 4h 51m | $756K | $2.7M | 10x |
| Short | Bitget MVLLUSDT | 33.800 | −0.0316 | pay 0.0316% / 8h | 4h 51m | $1.0M | $1.3M | 20x |
OKX MVLL-USDT-SWAP
Bitget MVLLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$66.36
- Price spread: −0.059% → +0.004%
- −$6.3
- Slippage, 4 orders
- −$88.62
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$183.28
- Costs to cover
- 1.106%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bitget: 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, 4 min ago | 1.48 bp | 20.6 bp −$21 | 62.5 bp −$625 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.43 bp | 34.7 bp −$35 | 51.1 bp −$511 | doesn't fit | doesn't fit |
MVLL 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 MVLLUSDTshort | −0.0316% | 8h | 33.800 | −0.059% | $1.0M | $1.3M | 20x | |
| Binance MVLLUSDT | 0.0000% | 8h | 33.781 | −0.115% | $3.3M | $45.7M | 20x | as long as short |
| Bybit MVLLUSDT | 0.0000% | 8h | 33.790 | −0.089% | $500K | $541K | 25x | as long as short |
| OKX MVLL-USDT-SWAPlong | 0.0000% | 8h | 33.820 | long leg | $756K | $2.7M | 10x | |
| Gate MVLL_USDT | 0.0000% | 8h | 33.790 | −0.089% | $501K | $1.6M | 25x | as long as short |
| MEXC MVLL_USDT | 0.0000% | 8h | 33.780 | −0.118% | $4.7M | $1.6M | 20x | as long as short |
| Phemex MVLLUSDT | 0.0000% | 8h | 33.790 | −0.089% | $1.7M | $1.3M | 10x | as long as short |
| KuCoin MVLLUSDTM | +0.0100% | 8h | 33.790 | −0.089% | $182K | $628K | 20x | as long as short |
| HTX MVLL-USDT | +0.0100% | 8h | 33.740 | −0.237% | $8K | $272K | 10x | as long as short |
Binance MVLLUSDT
Bybit MVLLUSDT
Gate MVLL_USDT
MEXC MVLL_USDT
Phemex MVLLUSDT
KuCoin MVLLUSDTM
HTX MVLL-USDT