Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.009%
Price spread now: MEXC against BloFin−0.154%49s7-day average +0.004% · 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−$670.666% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.154%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.158% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 49 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 API3-USDT | 0.2595 | 0.0128 | pay 0.0064% / 4h | 2h 54m | $137K | $27K | 50x |
| Short | MEXC API3_USDT | 0.2591 | 0.0100 | get 0.0050% / 4h | 2h 54m | $457K | $252K | 50x |
BloFin API3-USDT
MEXC API3_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
- −$5.94
- Price spread: −0.154% → +0.004%
- −$15.8
- Slippage, 4 orders
- −$46.57
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$88.3
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 62 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 BloFin live order book, 62 min ago | 1.91 bp | 26.9 bp −$27 | 89.1 bp −$891 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.91 bp | 11.6 bp −$12 | 42.9 bp −$429 | 121.4 bp −$12.1K | 265.3 bp −$132.7K |
API3 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_API3USD | −0.0558% | 1h | 0.2599 | +0.151% | $13K | $2K | 10x | as long as short |
| Aster API3USDT | +0.0100% | 4h | 0.2593 | −0.082% | $2K | $5K | 5x | as long as short |
| Binance API3USDT | +0.0100% | 4h | 0.2591 | −0.154% | $2.6M | $2.0M | 50x | as long as short |
| Bybit API3USDT | +0.0100% | 4h | 0.2592 | −0.116% | $982K | $391K | 25x | as long as short |
| OKX API3-USDT-SWAP | +0.0100% | 4h | 0.2591 | −0.154% | $645K | $518K | 10x | as long as short |
| Gate API3_USDT | +0.0100% | 8h | 0.2594 | −0.039% | $128K | $95K | 50x | as long as short |
| MEXC API3_USDTshort | +0.0100% | 4h | 0.2591 | −0.154% | $457K | $252K | 50x | |
| KuCoin API3USDTM | +0.0100% | 4h | 0.2592 | −0.116% | $999K | $272K | 30x | as long as short |
| Bitget API3USDT | +0.0100% | 4h | 0.2593 | −0.077% | $656K | $205K | 20x | as long as short |
| BingX API3-USDT | +0.0100% | 4h | 0.2591 | −0.154% | — | $6.7M | — | as long as short |
Kraken Futures PF_API3USD
Aster API3USDT
Binance API3USDT
Bybit API3USDT
OKX API3-USDT-SWAP
Gate API3_USDT
KuCoin API3USDTM
Bitget API3USDT
BingX API3-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni API3 | +0.0100% | 4h | 0.2596 | +0.042% | $6K | $1 | — | as long as short |
| BloFin API3-USDTlong | +0.0128% | 4h | 0.2595 | long leg | $137K | $27K | 50x |
Variational Omni API3