Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BloFin−0.094%79s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.258%−$26 · spread now −0.094%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.077% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.017%). Swap the legs. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALT-USDT | 0.007467 | 0.0135 | pay 0.0067% / 4h | 2h 01m | $172K | $9K | 50x |
| Short | MEXC ALT_USDT | 0.007460 | 0.0100 | get 0.0050% / 4h | 2h 01m | $379K | $200K | 50x |
BloFin ALT-USDT
MEXC ALT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$7.28
- Price spread: −0.094% → −0.017%
- −$7.67
- Slippage, 4 orders
- −$48.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$79.17
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 13 min ago; MEXC: live order book, 12 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 BloFin live order book, 13 min ago | 2.01 bp | 28.4 bp −$28 | 71.8 bp −$718 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 12 min ago | 0.67 bp | 10.7 bp −$11 | 53.8 bp −$538 | 260.7 bp −$26.1K | 468.5 bp −$234.2K |
ALT on 14 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 ALT | −0.0297% | 4h | 0.007461 | −0.085% | $4K | $12K | — | as long as short |
| Bybit ALTUSDT | −0.0178% | 4h | 0.007456 | −0.147% | $1.2M | $1.6M | 25x | as long as short |
| Deribit ALT_USDC-PERPETUAL | −0.0018% | 1h | 0.007463 | −0.054% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.152% | $815 | $4K | 5.5x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007459 | −0.107% | $1.1M | $186K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007461 | −0.080% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007464 | −0.040% | $51K | $418K | 25x | as long as short |
| MEXC ALT_USDTshort | +0.0100% | 4h | 0.007460 | −0.094% | $379K | $200K | 50x | |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007469 | +0.027% | $149K | $22K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007453 | −0.187% | $612K | $100K | 50x | as long as short |
Variational Omni ALT
Bybit ALTUSDT
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007456 | −0.147% | — | $1.3M | — | as long as short |
| BloFin ALT-USDTlong | +0.0135% | 4h | 0.007467 | long leg | $172K | $9K | 50x | |
| Kraken Futures PF_ALTUSD | +0.0201% | 1h | 0.007475 | +0.104% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0384% | 1h | 0.007486 | +0.254% | $14K | $3K | 50x | as long as short |
BingX ALT-USDT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX