Funding you earn now, next payment 04:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.054%
Price spread now: OKX against MEXC−0.108%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days−0.361%−$36 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now −0.108%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.073% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC KSM_USDT | 4.6220 | 0.0100 | pay 0.0100% / 8h | 5h 52m | $752K | $247K | 20x |
| Short | OKX KSM-USDT-SWAP | 4.6170 | 0.0039 | get 0.0019% / 4h | 1h 52m | $755K | $659K | 20x |
MEXC KSM_USDT
OKX KSM-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
- −$12.82
- Price spread: −0.108% → −0.035%
- −$7.33
- Slippage, 4 orders
- −$59.79
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$93.95
- Costs to cover
- 0.738%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; OKX: live order book, 9 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, 3 min ago | 2.16 bp | 12.4 bp −$12 | 35.6 bp −$356 | 381.5 bp −$38.1K | doesn't fit |
| Sell OKX live order book, 9 min ago | 3.24 bp | 24.0 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
KSM on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KSMUSD | −0.0688% | 1h | 4.6292 | +0.155% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0348% | 8h | 4.6317 | +0.211% | $455K | $38K | — | as long as short |
| OKX KSM-USDT-SWAPshort | +0.0039% | 4h | 4.6170 | −0.108% | $755K | $659K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6241 | +0.045% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6200 | −0.043% | $2.2M | $671K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6240 | +0.043% | $88K | $38K | 33x | as long as short |
| MEXC KSM_USDTlong | +0.0100% | 8h | 4.6220 | long leg | $752K | $247K | 20x | |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6230 | +0.022% | $517K | $49K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6210 | −0.022% | $492K | $226K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6220 | 0.000% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6224 | +0.009% | $77K | $315K | 5x | as long as short |
Extended KSM-USD