Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against Binance−0.115%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$730.735% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.115%, 7d avg −0.004%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.110% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 4USDT | 0.02183 | 0.0569 | pay 0.0284% / 4h | 28m 31s | $8.4M | $11.1M | 20x |
| Short | MEXC 4_USDT | 0.02180 | 0.0558 | get 0.0279% / 4h | 28m 31s | $1.9M | $850K | 100x |
Binance 4USDT
MEXC 4_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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
- −$2.23
- Price spread: −0.115% → −0.004%
- −$11.04
- Slippage, 4 orders
- −$59.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$86.78
- Costs to cover
- 0.735%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 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 Binance live order book, 11 min ago | 2.06 bp | 24.9 bp −$25 | 237.2 bp −$2,372 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.30 bp | 8.4 bp −$8 | 87.9 bp −$879 | 270.3 bp −$27.0K | doesn't fit |
4 on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 4 | +0.0100% | 4h | 0.02175 | −0.337% | $53K | $5K | — | as long as short |
| SunX 4-USDT | +0.0100% | 4h | 0.02179 | −0.160% | $2K | $1.0M | 20x | as long as short |
| Aster 4USDT | +0.0410% | 4h | 0.02183 | +0.023% | $250K | $95K | 5x | as long as short |
| BingX 4-USDT | +0.0552% | 4h | 0.02185 | +0.096% | — | $1.4M | — | as long as short |
| MEXC 4_USDTshort | +0.0558% | 4h | 0.02180 | −0.115% | $1.9M | $850K | 100x | |
| Binance 4USDTlong | +0.0569% | 4h | 0.02183 | long leg | $8.4M | $11.1M | 20x | |
| Gate 4_USDT | +0.0574% | 4h | 0.02186 | +0.142% | $596K | $237K | 20x | as long as short |
| KuCoin 4USDTM | +0.0580% | 4h | 0.02176 | −0.298% | $951K | $13.0M | 20x | as long as short |
| Bybit 4USDT | +0.0612% | 4h | 0.02179 | −0.160% | $2.9M | $1.7M | 5x | as long as short |
Variational Omni 4
SunX 4-USDT
Aster 4USDT
BingX 4-USDT
Gate 4_USDT
KuCoin 4USDTM
Bybit 4USDT