Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h −0.029%
Price spread now: MEXC against OKX+0.059%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.059%, 7d avg −0.050%
=The price spread pays, funding is against you. MEXC is 0.109% dearer against OKX than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.050%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.021% in total) that is about 36 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US100-USDT-SWAP | 30,549 | 0 | get 0.0000% / 8h | 5h 24m | $263K | $379K | 20x |
| Short | MEXC NAS100_USDT | 30,567 | −0.0090 | pay 0.0090% / 8h | 5h 24m | $24.2M | $19.5M | 200x |
Funding 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
- −$18.9
- Price spread: +0.059% → −0.050%
- $10.93
- Slippage, 4 orders
- −$4.2
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$22.16
- Costs to cover
- 0.142%
- Break-even
- never at this rate
Slippage from OKX: live order book, 36 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, 36 min ago | 1.64 bp | 7.2 bp −$7 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.16 bp | 0.2 bp $0 | 0.8 bp −$8 | 28.5 bp −$2,846 | 134.0 bp −$67.0K |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0212% | 8h | 30,553.7 | +0.015% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,548.1 | −0.003% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDTshort | −0.0090% | 8h | 30,567 | +0.059% | $24.2M | $19.5M | 200x | |
| OKX US100-USDT-SWAPlong | 0.0000% | 8h | 30,549 | long leg | $263K | $379K | 20x | |
| Bitget NDX100USDT | 0.0000% | 8h | 30,550 | +0.003% | $3.5M | $621K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,566.4 | +0.057% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,545.2 | −0.012% | $1.4M | $175K | 10x | as long as short |
| QFEX US100-USD | +0.0004% | 1h | 30,562 | +0.043% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,560 | +0.036% | $3.9M | $95.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,566.9 | +0.058% | $2.2M | $5.3M | 20x | as long as short |
Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,858.5 | +1.013% | — | $194.3M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,561.9 | +0.042% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,566 | +0.056% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0130% | 1h | 30,576.2 | +0.089% | $6.0M | $8.5M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2811% | 1h | 30,644.2 | +0.311% | $131K | $127K | 20x | as long as short |
OKX US100-USDT-SWAP
MEXC NAS100_USDT
Gate NAS100_USDT
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
Lighter US100
Extended TECH100m-USD
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD