Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.017%
Price spread now: MEXC against OKX+0.050%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now +0.050%, 7d avg +0.015%
=The price spread pays, funding is against you. MEXC is 0.035% dearer against OKX than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of +0.015%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% 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 FET-USDT-SWAP | 0.2011 | 0.0332 | pay 0.0166% / 4h | 51m 04s | $995K | $8.0M | 20x |
| Short | MEXC FET_USDT | 0.2012 | 0.0132 | get 0.0132% / 8h | 51m 04s | $29.8M | $25.0M | 200x |
OKX FET-USDT-SWAP
MEXC FET_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
- −$41.92
- Price spread: +0.050% → +0.015%
- $3.51
- Slippage, 4 orders
- −$30.17
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$78.58
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 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, 2 min ago | 4.97 bp | 20.0 bp −$20 | 62.8 bp −$628 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.49 bp | 2.5 bp −$2 | 7.1 bp −$71 | 42.2 bp −$4,221 | 168.7 bp −$84.4K |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.3215% | 1h | 0.2013 | +0.099% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0792% | 1h | 0.2016 | +0.249% | $152K | $263K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0011% | 1h | 0.2014 | +0.151% | $994K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2013 | +0.086% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.050% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2013 | +0.119% | $187K | $762K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2011 | 0.000% | $2.6M | $12.7M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2013 | +0.099% | $10.5M | $18.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2000 | −0.541% | $278K | $510K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2011 | 0.000% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0128% | 1h | 0.2010 | −0.027% | $37K | $203K | 10x | as long as short |
| Binance FETUSDT | +0.0132% | 8h | 0.2011 | +0.001% | $30.7M | $113.0M | 75x | as long as short |
| MEXC FET_USDTshort | +0.0132% | 8h | 0.2012 | +0.050% | $29.8M | $25.0M | 200x | |
| Bitget FETUSDT | +0.0177% | 8h | 0.2011 | 0.000% | $16.3M | $11.7M | 75x | as long as short |
| BingX FET-USDT | +0.0180% | 8h | 0.2012 | +0.050% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2009 | −0.083% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0252% | 8h | 0.2012 | +0.050% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0332% | 4h | 0.2011 | long leg | $995K | $8.0M | 20x | |
| Phoenix FET | +0.0597% | 1h | 0.2009 | −0.104% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0610% | 1h | 0.2013 | +0.104% | $8.5M | $8.4M | 5x | as long as short |
Extended FET-USD
Binance FETUSDT
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET