Funding you earn now, next payment 08:00 UTC−0.2393%/8h= −262.0% APRnext payment −$23.93 per $10,000 · paid last 24h +0.093%
Price spread now: OKX against MEXC−0.159%7-day average +0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$1781.779% of the position
Funding, last 7 days+0.302%+$30 on $10k
+Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.159%, 7d avg +0.090%
=Both sides work against this trade now: funding costs −$72 a day on $10k at the current rate, and OKX is 0.248% cheaper against MEXC than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.090%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.302%, 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 0.302% in total (about 15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$23.93 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 SKDD_USDT | 6.9300 | 0.2393 | pay 0.2393% / 8h | 2h 05m | $861K | $134K | 20x |
| Short | OKX SKDD-USDT-SWAP | 6.9190 | 0 | get 0.0000% / 8h | 2h 05m | $394K | $905K | 20x |
MEXC SKDD_USDT
OKX SKDD-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
- −$502.53
- Price spread: −0.159% → +0.090%
- −$24.84
- Slippage, 4 orders
- −$167.88
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$705.25
- Costs to cover
- 1.779%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 35 min ago; OKX: live order book, 40 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, 35 min ago | 15.81 bp | 39.6 bp −$40 | 64.8 bp −$648 | 184.8 bp −$18.5K | doesn't fit |
| Sell OKX live order book, 40 min ago | 0.73 bp | 53.2 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
SKDD 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKDDUSDC | −0.0427% | 4h | 6.9679 | +0.546% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 6.9205 | −0.137% | $334K | $1.1M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 6.9200 | −0.144% | $56K | $153K | 25x | as long as short |
| OKX SKDD-USDT-SWAPshort | 0.0000% | 8h | 6.9190 | −0.159% | $394K | $905K | 20x | |
| Gate SKDD_USDT | 0.0000% | 8h | 6.9450 | +0.216% | $118K | $28K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 6.9100 | −0.289% | $674K | $92K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 6.9320 | +0.029% | $2K | $57K | 20x | as long as short |
| Bitget SKDDUSDT | +0.2384% | 8h | 6.8990 | −0.447% | $184K | $192K | 20x | as long as short |
| MEXC SKDD_USDTlong | +0.2393% | 8h | 6.9300 | long leg | $861K | $134K | 20x |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
Bitget SKDDUSDT