Funding you earn now, next payment 08:00 UTC−0.0267%/8h= −29.2% APRnext payment −$2.67 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against MEXC+0.067%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2512.514% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.067%, 7d avg +0.086%
=The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
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 −$2.67 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 TMF_USDT | 29.930 | 0.1009 | pay 0.1009% / 8h | 3h 48m | $636K | $89K | 20x |
| Short | OKX TMF-USDT-SWAP | 29.950 | 0.0742 | get 0.0742% / 8h | 3h 48m | $148K | $137K | 20x |
MEXC TMF_USDT
OKX TMF-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
- −$56.03
- Price spread: +0.067% → +0.086%
- −$1.96
- Slippage, 4 orders
- −$241.45
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$309.44
- Costs to cover
- 2.514%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 62 min ago; OKX: live order book, 1 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, 62 min ago | 10.05 bp | 28.5 bp −$28 | 111.0 bp −$1,110 | 205.9 bp −$20.6K | 296.1 bp −$148.0K |
| Sell OKX live order book, 1 min ago | 6.68 bp | 66.6 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
TMF 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 TMFUSDC | −0.0450% | 4h | 29.935 | +0.016% | $14K | $286K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 29.930 | 0.000% | $160K | $51K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 29.900 | −0.100% | $51K | $7K | 20x | as long as short |
| Bitget TMFUSDT | 0.0000% | 8h | 29.920 | −0.033% | $155K | $80K | 20x | as long as short |
| HTX TMF-USDT | 0.0000% | 8h | 29.940 | +0.033% | $9K | $253K | 10x | as long as short |
| OKX TMF-USDT-SWAPshort | +0.0742% | 8h | 29.950 | +0.067% | $148K | $137K | 20x | |
| Variational Omni TMF | +0.0936% | 8h | 29.935 | +0.016% | $29K | $5K | — | as long as short |
| Binance TMFUSDT | +0.1004% | 8h | 29.920 | −0.033% | $1.2M | $470K | 25x | as long as short |
| MEXC TMF_USDTlong | +0.1009% | 8h | 29.930 | long leg | $636K | $89K | 20x |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
Bitget TMFUSDT
HTX TMF-USDT
Variational Omni TMF
Binance TMFUSDT