Funding you earn now, next payment 04:00 UTC−0.0189%/8h= −20.6% APRpaid last 24h −0.010%
Price spread now: MEXC against OKX+0.031%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now +0.031%, 7d avg +0.001%
=The price spread pays, funding is against you. MEXC is 0.030% dearer against OKX than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of +0.001%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.014% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment. 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 MINA-USDT-SWAP | 0.1283 | −0.0063 | get 0.0032% / 4h | 2h 18m | $1.9M | $17.1M | 20x |
| Short | MEXC MINA_USDT | 0.1283 | −0.0252 | pay 0.0252% / 8h | 6h 18m | $1.2M | $1.4M | 50x |
OKX MINA-USDT-SWAP
MEXC MINA_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
- −$39.6
- Price spread: +0.031% → +0.001%
- $2.98
- Slippage, 4 orders
- −$48.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$99.43
- Costs to cover
- 0.628%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 3 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 | 2.35 bp | 21.6 bp −$22 | 131.2 bp −$1,312 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.96 bp | 8.0 bp −$8 | 48.8 bp −$488 | 81.9 bp −$8,188 | doesn't fit |
MINA 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_MINAUSD | −0.5033% | 1h | 0.1276 | −0.499% | $23K | $79K | 10x | as long as short |
| Bybit MINAUSDT | −0.0689% | 4h | 0.1284 | +0.148% | $4.5M | $6.5M | 25x | as long as short |
| Binance MINAUSDT | −0.0253% | 8h | 0.1283 | +0.074% | $4.3M | $33.4M | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0252% | 8h | 0.1283 | +0.031% | $1.2M | $1.4M | 50x | |
| Bitget MINAUSDT | −0.0199% | 8h | 0.1283 | +0.047% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0139% | 8h | 0.1282 | −0.031% | $412K | $948K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0105% | 8h | 0.1280 | −0.195% | $743K | $516K | 30x | as long as short |
| OKX MINA-USDT-SWAPlong | −0.0063% | 4h | 0.1283 | long leg | $1.9M | $17.1M | 20x | |
| BingX MINA-USDT | −0.0041% | 8h | 0.1284 | +0.125% | — | $2.7M | — | as long as short |
| Hyperliquid MINA | +0.0100% | 1h | 0.1281 | −0.078% | $3.4M | $2.4M | 3x | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
Binance MINAUSDT
Bitget MINAUSDT
Gate MINA_USDT
KuCoin MINAUSDTM
BingX MINA-USDT
Hyperliquid MINAShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MINA | +0.0100% | 4h | 0.1280 | −0.186% | $413K | $140K | — | as long as short |
Variational Omni MINA