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Funding arb · Price arb /

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−4.5943%/8h= −5030.7% APRnext payment −$57.43 per $10,000 · paid last 24h −10.198%
Price spread now: OKX against MEXC+17.912%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,404as in the Funding arb table
Net, price: spread back to 7d avg − costs+$1,699as in the Price arb table
costs, in and out, $10k−$920.924% of the position
Long on MEXCShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−23.113%−$2,311 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 17.912% dearer against MEXC than usual: you sell high and buy low (spread +17.912% now, against zero (this spread has no 7-day history yet)): +$1,791 on $10k if it goes back. Holding the pair costs −$1,378 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−23.113% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -23.113% in total (about -1205.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$57.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ONE_USDT0.0045250.0096pay 0.0012% / 1h18m 29s$12.2M$16.6M20x
ShortOKX ONE-USDT-SWAP0.005335−4.5847pay 0.5731% / 1h18m 29s$6.2M$277.2M10x

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

Funding earned
−$9,647.99
Price spread: +17.912% → 0.000%
$1,791.16
Slippage, 4 orders
−$78.42
Fee MEXC: 2 bp × 2 orders
−$4
Fee OKX: 5 bp × 2 orders
−$10
Net
−$7,949.25
Costs to cover
0.924%
Break-even
from the start
Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago0.11 bp25.7 bp −$2663.0 bp −$630262.8 bp −$26.3Kdoesn't fit
Sell OKX live order book, 6 min ago1.24 bp21.3 bp −$21doesn't fitdoesn't fitdoesn't fit

ONE on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ONE-USDT-SWAPshort−4.5847%1h0.005335+17.912%$6.2M$277.2M10x
Gate ONE_USDT−0.1519%8h0.004499−0.575%$1.8M$16.5M20xas long as short
Aster ONEUSDT−0.0838%1h0.004511−0.301%$2.4M$5.8M5xas long as short
Bitget ONEUSDT−0.0792%1h0.004563+0.835%$2.0M$35.2M20xas long as short
MEXC ONE_USDTlong+0.0096%1h0.004525long leg$12.2M$16.6M20x
Binance ONEUSDT+0.0100%1h0.004527+0.046%$15.5M$353.6M50xas long as short
Variational Omni ONE+0.0100%1h0.004509−0.344%$109K$54K—as long as short
BingX ONE-USDT+0.0104%1h0.004533+0.168%—$6.5M—as long as short
KuCoin ONEUSDTM+0.8176%1h0.004770+5.414%$4.9M$13.1M30xas long as short