Funding you earn now, next payment 04:00 UTC+0.0321%/8h= +35.1% APRpaid last 24h +0.010%
Price spread now: OKX against MEXC−0.046%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now −0.046%, 7d avg −0.002%
=Funding pays, the price is against you. OKX is 0.045% cheaper against MEXC than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.002%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.014% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% 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 | MEXC MINA_USDT | 0.1291 | −0.0311 | get 0.0311% / 8h | 7h 51m | $1.2M | $1.4M | 50x |
| Short | OKX MINA-USDT-SWAP | 0.1290 | 0.0010 | get 0.0005% / 4h | 3h 51m | $1.9M | $17.2M | 20x |
Funding 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
- $67.39
- Price spread: −0.046% → −0.002%
- −$4.45
- Slippage, 4 orders
- −$42.61
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $6.33
- Costs to cover
- 0.566%
- Break-even
- 6.3 days
Slippage from MEXC: live order book, 5 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, 5 min ago | 0.78 bp | 5.4 bp −$5 | 49.6 bp −$496 | 82.0 bp −$8,196 | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.73 bp | 18.2 bp −$18 | 122.9 bp −$1,229 | doesn't fit | doesn't fit |
MINA 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_MINAUSD | −0.3333% | 1h | 0.1285 | −0.447% | $23K | $86K | 10x | as long as short |
| Bybit MINAUSDT | −0.1149% | 4h | 0.1292 | +0.077% | $4.5M | $6.6M | 25x | as long as short |
| Gate MINA_USDT | −0.0475% | 8h | 0.1289 | −0.139% | $416K | $946K | 50x | as long as short |
| Binance MINAUSDT | −0.0313% | 8h | 0.1290 | −0.041% | $4.5M | $33.4M | 50x | as long as short |
| MEXC MINA_USDTlong | −0.0311% | 8h | 0.1291 | long leg | $1.2M | $1.4M | 50x | |
| BloFin MINA-USDT | −0.0302% | 8h | 0.1291 | +0.031% | $255K | $296K | 50x | as long as short |
| Bitget MINAUSDT | −0.0201% | 8h | 0.1291 | −0.023% | $1.8M | $3.8M | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0082% | 8h | 0.1289 | −0.124% | $774K | $502K | 30x | as long as short |
| BingX MINA-USDT | −0.0002% | 8h | 0.1292 | +0.046% | — | $2.7M | — | as long as short |
| OKX MINA-USDT-SWAPshort | +0.0010% | 4h | 0.1290 | −0.046% | $1.9M | $17.2M | 20x |
Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1291 | +0.039% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1292 | +0.050% | $414K | $143K | — | as long as short |
MEXC MINA_USDT
OKX MINA-USDT-SWAP
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
Gate MINA_USDT
Binance MINAUSDT
BloFin MINA-USDT
Bitget MINAUSDT
KuCoin MINAUSDTM
BingX MINA-USDT
Hyperliquid MINA
Variational Omni MINA