Funding you earn now, next payment 08:00 UTC+0.3268%/8h= +357.8% APRnext payment +$32.68 per $10,000 · paid last 24h −0.093%
Price spread now: MEXC against OKX−0.156%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2462.463% of the position
Funding, last 7 days−0.302%−$30 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.156%, 7d avg −0.090%
=Funding pays, the price is against you. MEXC is 0.066% cheaper against OKX than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of −0.090%). If the spread goes back, that is −$7 on $10k: about 2 hours of funding at the current rate (+$98 a day). Mind the row above: over the last 7 days funding on this pair cost −0.302%, 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 -0.302% in total (about -15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$32.68 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 | OKX SKDD-USDT-SWAP | 7.0540 | 0 | get 0.0000% / 8h | 36m 23s | $392K | $1.0M | 20x |
| Short | MEXC SKDD_USDT | 7.0430 | 0.3268 | get 0.3268% / 8h | 36m 23s | $864K | $134K | 20x |
OKX SKDD-USDT-SWAP
MEXC SKDD_USDTFunding 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
- $686.28
- Price spread: −0.156% → −0.090%
- −$6.59
- Slippage, 4 orders
- −$236.33
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $433.36
- Costs to cover
- 2.463%
- Break-even
- 2.6 days
Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 59 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, 5 min ago | 7.11 bp | 66.5 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 59 min ago | 18.47 bp | 46.5 bp −$47 | 67.4 bp −$674 | 211.2 bp −$21.1K | 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 | −0.0409% | 4h | 7.0495 | −0.064% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 7.0500 | −0.057% | $353K | $1.2M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.0400 | −0.198% | $61K | $174K | 25x | as long as short |
| OKX SKDD-USDT-SWAPlong | 0.0000% | 8h | 7.0540 | long leg | $392K | $1.0M | 20x | |
| Gate SKDD_USDT | 0.0000% | 8h | 7.0700 | +0.227% | $120K | $30K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 7.0400 | −0.198% | $691K | $101K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0550 | +0.014% | $2K | $44K | 20x | as long as short |
| Bitget SKDDUSDT | +0.2709% | 8h | 7.0220 | −0.454% | $183K | $229K | 20x | as long as short |
| MEXC SKDD_USDTshort | +0.3268% | 8h | 7.0430 | −0.156% | $864K | $134K | 20x |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
Bitget SKDDUSDT