URNM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0664%/8h= −72.7% APRnext payment −$6.64 per $10,000 · paid last 24h −0.070%

Price spread now: OKX against MEXC−0.134%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$1891.888% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.221%+$22 · spread now −0.134%, 7d avg +0.061%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and OKX is 0.195% cheaper against MEXC than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.061%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.64 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 URNM_USDT	52.080	0.0664	pay 0.0664% / 8h	7h 02m	$409K	$136K	50x
Short	OKX URNM-USDT-SWAP	52.010	0	get 0.0000% / 8h	7h 02m	$215K	$88K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee OKXbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$139.44
Price spread: −0.134% → +0.061%: −$19.52
Slippage, 4 orders: −$178.83
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$347.79
Costs to cover: 1.888%
Break-even: never at this rate

Slippage from MEXC: live order book, 53 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, 53 min ago	2.88 bp	9.9 bp −$10	117.9 bp −$1,179	212.7 bp −$21.3K	doesn't fit
Sell OKX live order book, 2 min ago	8.64 bp	79.3 bp −$79	doesn't fit	doesn't fit	doesn't fit

URNM on 13 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
BloFin URNM-USDT	−0.0024%	8h	52.060	−0.038%	$53K	$2K	20x	as long as short
Aster URNMUSDT	0.0000%	8h	52.126	+0.088%	$17K	$629	20x	as long as short
OKX URNM-USDT-SWAPshort	0.0000%	8h	52.010	−0.134%	$215K	$88K	20x
Gate URNM_USDT	0.0000%	8h	52.080	0.000%	$81K	$3K	20x	as long as short
SunX URNM-USDT	0.0000%	8h	52.060	−0.038%	$889	$1.5M	10x	as long as short
HTX URNM-USDT	0.0000%	8h	52.160	+0.154%	$5K	$3K	10x	as long as short
tradeXYZ xyz:URNM	+0.0050%	1h	52.050	−0.058%	$1.4M	$451K	10x	as long as short
Ondo Perps URNM-USD.P	+0.0050%	1h	52.060	−0.038%	$2K	$4K	5x	as long as short
Pacifica URNM	+0.0100%	1h	52.055	−0.048%	$25K	$13K	10x	as long as short
Variational Omni URNM	+0.0375%	8h	52.091	+0.022%	$93K	$3K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT URNM_USDT_Perp	+0.0630%	8h	52.090	+0.019%	$1K	$121K	10x	as long as short
Binance URNMUSDT	+0.0663%	8h	52.080	0.000%	$729K	$799K	20x	as long as short
MEXC URNM_USDTlong	+0.0664%	8h	52.080	long leg	$409K	$136K	50x