Funding you earn now, next payment 12:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.012%
Price spread now: MEXC against OKX−0.051%7-day average +0.001% · 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−$58as in the Price arb table
costs, in and out, $10k−$530.529% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now −0.051%, 7d avg +0.001%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.053% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MINA-USDT-SWAP | 0.1363 | −0.0855 | get 0.0427% / 4h | 1h 49m | $1.9M | $8.1M | 20x |
| Short | MEXC MINA_USDT | 0.1363 | −0.0866 | pay 0.0866% / 8h | 5h 49m | $1.3M | $857K | 50x |
OKX MINA-USDT-SWAP
MEXC MINA_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
- −$2.31
- Price spread: −0.051% → +0.001%
- −$5.26
- Slippage, 4 orders
- −$38.88
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$60.46
- Costs to cover
- 0.529%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 5 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 | 1.47 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.10 bp | 7.6 bp −$8 | 63.1 bp −$631 | 100.0 bp −$10.0K | 219.5 bp −$109.7K |
MINA on 12 exchanges
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 | −0.4283% | 1h | 0.1363 | −0.034% | $22K | $39K | 10x | as long as short |
| BloFin MINA-USDT | −0.0894% | 8h | 0.1363 | −0.059% | $259K | $159K | 50x | as long as short |
| Binance MINAUSDT | −0.0868% | 8h | 0.1363 | −0.051% | $4.6M | $16.9M | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0866% | 8h | 0.1363 | −0.051% | $1.3M | $857K | 50x | |
| OKX MINA-USDT-SWAPlong | −0.0855% | 4h | 0.1363 | long leg | $1.9M | $8.1M | 20x | |
| Bitget MINAUSDT | −0.0835% | 8h | 0.1361 | −0.147% | $1.9M | $2.4M | 50x | as long as short |
| Gate MINA_USDT | −0.0806% | 8h | 0.1363 | −0.044% | $447K | $461K | 50x | as long as short |
| Bybit MINAUSDT | −0.0793% | 4h | 0.1366 | +0.161% | $4.8M | $3.8M | 25x | as long as short |
| Hyperliquid MINA | −0.0553% | 1h | 0.1362 | −0.103% | $3.3M | $1.3M | 3x | as long as short |
| KuCoin MINAUSDTM | −0.0548% | 8h | 0.1361 | −0.183% | $812K | $306K | 30x | as long as short |
Kraken Futures PF_MINAUSD
BloFin MINA-USDT
Binance MINAUSDT
Bitget MINAUSDT
Gate MINA_USDT
Bybit MINAUSDT
Hyperliquid MINA
KuCoin MINAUSDTMShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MINA-USDT | −0.0300% | 8h | 0.1364 | +0.044% | — | $2.5M | — | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1361 | −0.165% | $442K | $54K | — | as long as short |
BingX MINA-USDT
Variational Omni MINA