Funding you earn now, next payment 08:00 UTC+0.1194%/8h= +130.7% APRnext payment +$11.94 per $10,000 · paid last 24h +0.145%
Price spread now: MEXC against OKX−0.125%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1711.705% of the position
Funding, last 7 days+0.742%+$74 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.125%, 7d avg −0.016%
=Funding pays, the price is against you. MEXC is 0.109% cheaper against OKX than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.016%). If the spread goes back, that is −$11 on $10k: about 7 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.742% in total) that is about 25 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.742% in total (about 38.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.94 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 SKUU-USDT-SWAP | 31.320 | 0 | get 0.0000% / 8h | 6h 59m | $764K | $1.0M | 20x |
| Short | MEXC SKUU_USDT | 31.281 | 0.1194 | get 0.1194% / 8h | 6h 59m | $9.5M | $81K | 20x |
OKX SKUU-USDT-SWAP
MEXC SKUU_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
- $250.74
- Price spread: −0.125% → −0.016%
- −$10.87
- Slippage, 4 orders
- −$160.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $69.36
- Costs to cover
- 1.705%
- Break-even
- 5.1 days
Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 4 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, 2 min ago | 3.19 bp | 56.7 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 11.18 bp | 28.9 bp −$29 | 173.2 bp −$1,732 | 230.2 bp −$23.0K | 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 | −0.0603% | 4h | 31.322 | +0.005% | $193K | $288K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 31.318 | −0.005% | $603K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 31.290 | −0.096% | $288K | $144K | 25x | as long as short |
| OKX SKUU-USDT-SWAPlong | 0.0000% | 8h | 31.320 | long leg | $764K | $1.0M | 20x | |
| Gate SKUU_USDT | 0.0000% | 8h | 31.297 | −0.073% | $238K | $19K | 20x | as long as short |
| Phemex SKUUUSDT | 0.0000% | 8h | 31.310 | −0.032% | $1.2M | $163K | 20x | as long as short |
| HTX SKUU-USDT | +0.1167% | 8h | 31.259 | −0.195% | $6K | $387K | 20x | as long as short |
| Bitget SKUUUSDT | +0.1190% | 8h | 31.285 | −0.112% | $600K | $282K | 20x | as long as short |
| MEXC SKUU_USDTshort | +0.1194% | 8h | 31.281 | −0.125% | $9.5M | $81K | 20x |
edgeX SKUUUSDC
Binance SKUUUSDT
Bybit SKUUUSDT
Gate SKUU_USDT
Phemex SKUUUSDT
HTX SKUU-USDT
Bitget SKUUUSDT