Funding you earn now, next payment 08:00 UTC−0.0576%/8h= −63.0% APRnext payment −$2.88 per $10,000 · paid last 24h −0.030%
Price spread now: OKX against MEXC−0.128%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$790.794% of the position
Funding, last 7 days−0.202%−$20 on $10k
+Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.128%, 7d avg −0.074%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and OKX is 0.055% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.074%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.202% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.88 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 GMT_USDT | 0.008567 | 0.0100 | pay 0.0050% / 4h | 3h 45m | $435K | $208K | 20x |
| Short | OKX GMT-USDT-SWAP | 0.008556 | −0.0476 | pay 0.0238% / 4h | 3h 45m | $397K | $1.2M | 20x |
MEXC GMT_USDT
OKX GMT-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
- −$120.9
- Price spread: −0.128% → −0.074%
- −$5.45
- Slippage, 4 orders
- −$65.39
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$205.75
- Costs to cover
- 0.794%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 56 min ago; OKX: live order book, 2 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, 56 min ago | 1.75 bp | 10.1 bp −$10 | 60.2 bp −$602 | 265.8 bp −$26.6K | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.92 bp | 28.1 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1567% | 1h | 0.008570 | +0.037% | $45K | $12K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0506% | 4h | 0.008560 | −0.082% | $277K | $182K | 50x | as long as short |
| Bybit GMTUSDT | −0.0483% | 8h | 0.008557 | −0.117% | $1.1M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAPshort | −0.0476% | 4h | 0.008556 | −0.128% | $397K | $1.2M | 20x | |
| Variational Omni GMT | −0.0234% | 8h | 0.008563 | −0.053% | $4K | $5K | — | as long as short |
| Aster GMTUSDT | −0.0108% | 4h | 0.008565 | −0.023% | $7K | $22K | 10x | as long as short |
| Bitget GMTUSDT | −0.0036% | 4h | 0.008563 | −0.047% | $682K | $627K | 50x | as long as short |
| BingX GMT-USDT | +0.0050% | 4h | 0.008564 | −0.035% | — | $1.3M | — | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008565 | −0.023% | $114K | $150K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008568 | +0.012% | $2.9M | $5.2M | 50x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
Bybit GMTUSDT
Variational Omni GMT
Aster GMTUSDT
Bitget GMTUSDT
BingX GMT-USDT
Hyperliquid GMT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008580 | +0.152% | $151K | $174K | 50x | as long as short |
| MEXC GMT_USDTlong | +0.0100% | 4h | 0.008567 | long leg | $435K | $208K | 20x |
Gate GMT_USDT