Funding you earn now, next payment 04:00 UTC+0.0270%/8h= +29.6% APRnext payment +$1.35 per $10,000 · paid last 24h +0.049%
Price spread now: Bitget against MEXC−0.081%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.081%, 7d avg −0.033%
=Funding pays, the price is against you. Bitget is 0.048% cheaper against MEXC than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of −0.033%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.159% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC APR_USDT | 0.1478 | 0.0104 | pay 0.0052% / 4h | 2h 05m | $365K | $177K | 50x |
| Short | Bitget APRUSDT | 0.1477 | 0.0374 | get 0.0187% / 4h | 2h 05m | $3.9M | $952K | 50x |
MEXC APR_USDT
Bitget APRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- $56.7
- Price spread: −0.081% → −0.033%
- −$4.81
- Slippage, 4 orders
- −$68.02
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$36.14
- Costs to cover
- 0.880%
- Break-even
- 11.5 days
Slippage from MEXC: live order book, 45 min ago; Bitget: 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 MEXC live order book, 45 min ago | 3.39 bp | 18.3 bp −$18 | 89.8 bp −$898 | 282.2 bp −$28.2K | 765.8 bp −$382.9K |
| Sell Bitget live order book, 3 min ago | 9.14 bp | 31.3 bp −$31 | 234.7 bp −$2,347 | doesn't fit | doesn't fit |
APR on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APRUSDT | +0.0100% | 4h | 0.1479 | +0.068% | $1.5M | $677K | 20x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1479 | +0.074% | $1K | $1.1M | 20x | as long as short |
| MEXC APR_USDTlong | +0.0104% | 4h | 0.1478 | long leg | $365K | $177K | 50x | |
| Binance APRUSDT | +0.0105% | 4h | 0.1479 | +0.047% | $6.8M | $5.4M | 50x | as long as short |
| HTX APR-USDT | +0.0301% | 4h | 0.1485 | +0.474% | $19K | $58K | 20x | as long as short |
| Bitget APRUSDTshort | +0.0374% | 4h | 0.1477 | −0.081% | $3.9M | $952K | 50x | |
| BingX APR-USDT | +0.0390% | 4h | 0.1478 | 0.000% | — | $1.4M | — | as long as short |
| OKX APR-USDT-SWAP | +0.0404% | 4h | 0.1479 | +0.068% | $1.3M | $2.6M | 20x | as long as short |
| Aster APRUSDT | +0.0856% | 4h | 0.1476 | −0.135% | $72K | $100K | 5x | as long as short |
| Gate APR_USDT | +0.0932% | 4h | 0.1475 | −0.176% | $691K | $184K | 25x | as long as short |
Bybit APRUSDT
SunX APR-USDT
Binance APRUSDT
HTX APR-USDT
BingX APR-USDT
OKX APR-USDT-SWAP
Aster APRUSDT
Gate APR_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTM | +0.1236% | 4h | 0.1478 | −0.027% | $2.3M | $342K | 50x | as long as short |
KuCoin APRUSDTM