Funding you earn now, next payment 08:00 UTC−0.0740%/8h= −81.0% APRnext payment −$7.40 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against MEXC+0.241%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1641.636% of the position
Funding, last 7 days−0.409%−$41 on $10k
+Price spread, last 7 days−0.207%−$21 · spread now +0.241%, 7d avg +0.032%
=The price spread pays, funding is against you. OKX is 0.208% dearer against MEXC than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of +0.032%): +$21 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.409% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.409% in total (about -21.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.40 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 SKUU_USDT | 31.145 | 0.0740 | pay 0.0740% / 8h | 5h 23m | $9.5M | $86K | 20x |
| Short | OKX SKUU-USDT-SWAP | 31.220 | 0 | get 0.0000% / 8h | 5h 23m | $743K | $1.1M | 20x |
MEXC SKUU_USDT
OKX SKUU-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
- −$155.4
- Price spread: +0.241% → +0.032%
- $20.85
- Slippage, 4 orders
- −$153.58
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$298.13
- Costs to cover
- 1.636%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; OKX: 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 MEXC live order book, 5 min ago | 15.10 bp | 37.6 bp −$38 | 187.0 bp −$1,870 | 236.3 bp −$23.6K | doesn't fit |
| Sell OKX live order book, 3 min ago | 4.81 bp | 53.3 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
SKUU on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKUUUSDC | −0.0759% | 4h | 31.137 | −0.026% | $192K | $288K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 31.190 | +0.144% | $596K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 31.160 | +0.048% | $286K | $141K | 25x | as long as short |
| OKX SKUU-USDT-SWAPshort | 0.0000% | 8h | 31.220 | +0.241% | $743K | $1.1M | 20x | |
| Gate SKUU_USDT | 0.0000% | 8h | 31.162 | +0.055% | $237K | $19K | 20x | as long as short |
| Phemex SKUUUSDT | 0.0000% | 8h | 31.200 | +0.177% | $1.2M | $164K | 20x | as long as short |
| HTX SKUU-USDT | +0.0100% | 8h | 31.096 | −0.157% | $6K | $382K | 20x | as long as short |
| Bitget SKUUUSDT | +0.0737% | 8h | 31.177 | +0.103% | $583K | $290K | 20x | as long as short |
| MEXC SKUU_USDTlong | +0.0740% | 8h | 31.145 | long leg | $9.5M | $86K | 20x |
edgeX SKUUUSDC
Binance SKUUUSDT
Bybit SKUUUSDT
Gate SKUU_USDT
Phemex SKUUUSDT
HTX SKUU-USDT
Bitget SKUUUSDT