Funding you earn now, next payment 12:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against MEXC0.000%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$880.876% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.384%+$38 · spread now 0.000%, 7d avg +0.060%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.060% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC APR_USDT | 0.1433 | 0.0100 | pay 0.0050% / 4h | 51m 12s | $365K | $148K | 50x |
| Short | BloFin APR-USDT | 0.1433 | 0.0089 | get 0.0045% / 4h | 51m 12s | $247K | $124K | 50x |
MEXC APR_USDT
BloFin APR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$2.29
- Price spread: 0.000% → +0.060%
- −$6.02
- Slippage, 4 orders
- −$67.64
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$95.95
- Costs to cover
- 0.876%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 46 min ago; BloFin: live order book, 48 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, 46 min ago | 3.49 bp | 13.6 bp −$14 | 86.2 bp −$862 | 259.8 bp −$26.0K | 666.2 bp −$333.1K |
| Sell BloFin live order book, 48 min ago | 6.97 bp | 28.2 bp −$28 | 103.8 bp −$1,038 | doesn't fit | doesn't fit |
APR on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDTshort | +0.0089% | 4h | 0.1433 | 0.000% | $247K | $124K | 50x | |
| Binance APRUSDT | +0.0100% | 4h | 0.1432 | −0.045% | $6.5M | $4.5M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1432 | −0.063% | $1.4M | $580K | 20x | as long as short |
| OKX APR-USDT-SWAP | +0.0100% | 4h | 0.1433 | 0.000% | $1.2M | $2.2M | 20x | as long as short |
| Gate APR_USDT | +0.0100% | 4h | 0.1432 | −0.077% | $679K | $198K | 25x | as long as short |
| MEXC APR_USDTlong | +0.0100% | 4h | 0.1433 | long leg | $365K | $148K | 50x | |
| Bitget APRUSDT | +0.0100% | 4h | 0.1432 | −0.035% | $3.8M | $1.0M | 50x | as long as short |
| BingX APR-USDT | +0.0100% | 4h | 0.1431 | −0.140% | — | $1.3M | — | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1433 | +0.007% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1433 | 0.000% | $15K | $41K | 20x | as long as short |
Binance APRUSDT
Bybit APRUSDT
OKX APR-USDT-SWAP
Gate APR_USDT
Bitget APRUSDT
BingX APR-USDT
SunX APR-USDT
HTX APR-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0407% | 4h | 0.1429 | −0.248% | $69K | $66K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0658% | 4h | 0.1431 | −0.133% | $2.3M | $316K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM