Funding you earn now, next payment 00:00 UTC−0.0113%/8h= −12.4% APRnext payment −$1.13 per $10,000 · paid last 24h −0.028%
Price spread now: MEXC against OKX+0.131%7-day average −0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs+$6as in the Price arb table
costs, in and out, $10k−$120.122% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.131%, 7d avg −0.055%
=The price spread pays, funding is against you. MEXC is 0.187% dearer against OKX than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of −0.055%): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.026% in total) that is about 50 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US100-USDT-SWAP | 30,509 | 0 | get 0.0000% / 8h | 15m 08s | $260K | $357K | 20x |
| Short | MEXC NAS100_USDT | 30,549 | −0.0113 | pay 0.0113% / 8h | 15m 08s | $22.9M | $19.6M | 200x |
Funding 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
- −$23.73
- Price spread: +0.131% → −0.055%
- $18.66
- Slippage, 4 orders
- −$2.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$17.31
- Costs to cover
- 0.122%
- Break-even
- from the start
Slippage from OKX: live order book, 60 min ago; MEXC: live order book, 4 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, 60 min ago | 0.66 bp | 6.3 bp −$6 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.16 bp | 0.2 bp $0 | 0.8 bp −$8 | 27.8 bp −$2,785 | 125.1 bp −$62.5K |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0217% | 8h | 30,537.5 | +0.093% | $102K | $38K | 20x | as long as short |
| MEXC NAS100_USDTshort | −0.0113% | 8h | 30,549 | +0.131% | $22.9M | $19.6M | 200x | |
| Gate NAS100_USDT | −0.0063% | 8h | 30,498.6 | −0.034% | $1.8M | $3.6M | 100x | as long as short |
| OKX US100-USDT-SWAPlong | 0.0000% | 8h | 30,509 | long leg | $260K | $357K | 20x | |
| Bitget NDX100USDT | 0.0000% | 8h | 30,534 | +0.082% | $3.5M | $669K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,549 | +0.131% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,464.6 | −0.145% | $1.4M | $177K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,549 | +0.131% | $1.4M | $1.0M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,543 | +0.111% | $3.8M | $93.8M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,549.5 | +0.133% | $2.1M | $5.5M | 20x | as long as short |
Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,834.6 | +1.067% | — | $194.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,542.9 | +0.111% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,550 | +0.134% | $7.2M | $1.8M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0213% | 1h | 30,567.7 | +0.192% | $6.0M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1978% | 1h | 30,612.4 | +0.339% | $124K | $122K | 20x | as long as short |
OKX US100-USDT-SWAP
MEXC NAS100_USDT
Gate NAS100_USDT
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
Lighter US100
Extended TECH100m-USD
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD