TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0902%/8h= −98.8% APRnext payment −$4.51 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against OKX−0.315%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1641.640% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.362%−$36 on $10k

Price spread, last 4 days (all we have)+0.369%+$37 · spread now −0.315%, 7d avg −0.101%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and MEXC is 0.214% cheaper against OKX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.362% in total (about -18.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.51 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	OKX TRUTH-USDT-SWAP	0.01364	0.1544	pay 0.0772% / 4h	1h 30m	$221K	$319K	10x
Short	MEXC TRUTH_USDT	0.01360	0.0642	get 0.0321% / 4h	1h 30m	$11.8M	$132K	20x

Funding 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 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 OKXbpFee MEXCbpOrdersPrice spread, now −0.315%Rate

Funding earned: −$189.43
Price spread: −0.315% → −0.101%: −$21.41
Slippage, 4 orders: −$150.01
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$374.85
Costs to cover: 1.640%
Break-even: never at this rate

Slippage from OKX: live order book, 30 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, 30 min ago	2.94 bp	71.3 bp −$71	1624.1 bp −$16.2K	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	4.41 bp	15.0 bp −$15	74.6 bp −$746	237.6 bp −$23.8K	doesn't fit

TRUTH on 10 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
Bybit TRUTHUSDT	+0.0100%	4h	0.01362	−0.169%	$1.3M	$425K	20x	as long as short
Gate TRUTH_USDT	+0.0524%	4h	0.01357	−0.506%	$422K	$57K	20x	as long as short
Aster TRUTHUSDT	+0.0603%	4h	0.01359	−0.345%	$36K	$6K	5x	as long as short
BloFin TRUTH-USDT	+0.0608%	4h	0.01361	−0.235%	$199K	$13K	50x	as long as short
Binance TRUTHUSDT	+0.0639%	4h	0.01360	−0.315%	$4.4M	$1.6M	20x	as long as short
Extended TRUTH-USD	+0.0640%	1h	0.01359	−0.350%	$2K	$182K	5x	as long as short
MEXC TRUTH_USDTshort	+0.0642%	4h	0.01360	−0.315%	$11.8M	$132K	20x
KuCoin TRUTHUSDTM	+0.1096%	4h	0.01357	−0.477%	$1.0M	$53K	10x	as long as short
BingX TRUTH-USDT	+0.1442%	4h	0.01362	−0.161%	—	$6.5M	—	as long as short
OKX TRUTH-USDT-SWAPlong	+0.1544%	4h	0.01364	long leg	$221K	$319K	10x