Funding you earn now, next payment 08:00 UTC−0.0304%/8h= −33.3% APRnext payment −$3.04 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against MEXC+0.194%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$960.962% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 7 days−0.133%−$13 · spread now +0.194%, 7d avg +0.087%
=The price spread pays, funding is against you. OKX is 0.107% dearer against MEXC than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of +0.087%): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.076% in total) that is about 9.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.04 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 | MEXC NOKSTOCK_USDT | 10.820 | 0.0304 | pay 0.0304% / 8h | 49m 09s | $1.5M | $118K | 50x |
| Short | OKX NOK-USDT-SWAP | 10.841 | 0 | get 0.0000% / 8h | 49m 09s | $1.2M | $1.3M | 20x |
MEXC NOKSTOCK_USDT
OKX NOK-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against MEXC. 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
- −$63.84
- Price spread: +0.194% → +0.087%
- $10.74
- Slippage, 4 orders
- −$86.15
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$149.26
- Costs to cover
- 0.962%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 9.23 bp | 16.2 bp −$16 | 37.6 bp −$376 | 145.1 bp −$14.5K | 284.1 bp −$142.1K |
| Sell OKX live order book, 2 min ago | 1.85 bp | 44.2 bp −$44 | 162.3 bp −$1,623 | doesn't fit | doesn't fit |
NOK on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NOKUSDT | 0.0000% | 8h | 10.816 | −0.033% | $66K | $7K | 20x | as long as short |
| OKX NOK-USDT-SWAPshort | 0.0000% | 8h | 10.841 | +0.194% | $1.2M | $1.3M | 20x | |
| Bitget NOKSTOCKUSDT | 0.0000% | 8h | 10.850 | +0.277% | $1.5M | $571K | 20x | as long as short |
| GRVT NOK_USDT_Perp | 0.0000% | 8h | 10.839 | +0.178% | $3K | $122K | 10x | as long as short |
| SunX NOK-USDT | 0.0000% | 8h | 10.830 | +0.092% | $1K | $1.3M | 10x | as long as short |
| HTX NOK-USDT | 0.0000% | 8h | 10.840 | +0.185% | $9K | $6K | 10x | as long as short |
| Phemex NOKUSDT | 0.0000% | 8h | 10.830 | +0.092% | $1.6M | $593K | 10x | as long as short |
| Lighter NOK | +0.0032% | 1h | 10.800 | −0.185% | — | — | 10x | as long as short |
| Vest NOK-PERP | +0.0045% | 1h | 10.790 | −0.277% | — | — | 10x | as long as short |
| KuCoin NOKUSDTM | +0.0100% | 8h | 10.810 | −0.092% | $295K | $445K | 20x | as long as short |
Aster NOKUSDT
Bitget NOKSTOCKUSDT
GRVT NOK_USDT_Perp
SunX NOK-USDT
HTX NOK-USDT
Phemex NOKUSDT
Lighter NOK
Vest NOK-PERP
KuCoin NOKUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NOK | +0.0112% | 8h | 10.843 | +0.212% | $130K | $117K | — | as long as short |
| Gate NOK_USDT | +0.0124% | 8h | 10.827 | +0.065% | $937K | $979K | 50x | as long as short |
| Extended NOK-USD | +0.0304% | 1h | 10.810 | −0.091% | $37K | $276K | 10x | as long as short |
| MEXC NOKSTOCK_USDTlong | +0.0304% | 8h | 10.820 | long leg | $1.5M | $118K | 50x | |
| Binance NOKUSDT | +0.0308% | 8h | 10.830 | +0.092% | $7.2M | $9.7M | 20x | as long as short |
| tradeXYZ xyz:NOK | +0.0450% | 1h | 10.813 | −0.065% | $4.3M | $1.3M | 10x | as long as short |
Variational Omni NOK
Gate NOK_USDT
Extended NOK-USD
Binance NOKUSDT
tradeXYZ xyz:NOK