Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.006%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$680.678% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.006%, 7d avg +0.008%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AUCTIONUSDT | 3.6658 | 0.0100 | pay 0.0050% / 4h | 1h 37m | $2.4M | $1.5M | 50x |
| Short | MEXC AUCTION_USDT | 3.6660 | 0.0100 | get 0.0050% / 4h | 1h 37m | $449K | $143K | 20x |
Binance AUCTIONUSDT
MEXC AUCTION_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
- $0
- Price spread: +0.006% → +0.008%
- −$0.15
- Slippage, 4 orders
- −$53.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$67.95
- Costs to cover
- 0.678%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; MEXC: live order book, 37 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, 13 min ago | 2.73 bp | 21.5 bp −$22 | 143.8 bp −$1,438 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 37 min ago | 1.36 bp | 13.0 bp −$13 | 48.1 bp −$481 | 97.8 bp −$9,777 | 236.3 bp −$118.1K |
AUCTION 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSD | −0.0743% | 1h | 3.6701 | +0.117% | $8K | $263 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6679 | +0.057% | $879 | $2K | 5x | as long as short |
| Binance AUCTIONUSDTlong | +0.0100% | 4h | 3.6658 | long leg | $2.4M | $1.5M | 50x | |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.6700 | +0.115% | $574K | $261K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6650 | −0.021% | $762K | $668K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6700 | +0.115% | $100K | $64K | 50x | as long as short |
| MEXC AUCTION_USDTshort | +0.0100% | 4h | 3.6660 | +0.006% | $449K | $143K | 20x | |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6690 | +0.088% | $377K | $114K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6650 | −0.021% | $378K | $131K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.6680 | +0.061% | — | $7.9M | — | as long as short |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.6756 | +0.267% | $170 | $39 | — | as long as short |
Variational Omni AUCTION