Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: MEXC against BingX+0.019%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$940.944% of the position
Funding, last 7 days−0.413%−$41 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.019%, 7d avg −0.052%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.071% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.413%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AXL-USDT | 0.05242 | 0.0070 | pay 0.0035% / 4h | 3h 10m | — | $2.3M | — |
| Short | MEXC AXL_USDT | 0.05243 | 0.0100 | get 0.0050% / 4h | 3h 10m | $326K | $168K | 50x |
BingX AXL-USDT
MEXC AXL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- $6.3
- Price spread: +0.019% → −0.052%
- $7.11
- Slippage, 4 orders
- −$80.39
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$80.98
- Costs to cover
- 0.944%
- Break-even
- 97.0 days
Slippage from BingX: live order book, 7 min ago; MEXC: live order book, 24 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 BingX live order book, 7 min ago | 6.67 bp | 24.1 bp −$24 | 104.0 bp −$1,040 | 640.2 bp −$64.0K | 838.5 bp −$419.2K |
| Sell MEXC live order book, 24 min ago | 2.87 bp | 16.5 bp −$16 | 67.6 bp −$676 | 120.6 bp −$12.1K | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05242 | long leg | — | $2.3M | — | |
| BloFin AXL-USDT | +0.0073% | 4h | 0.05247 | +0.095% | $120K | $10K | 50x | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05244 | +0.032% | $34K | $7K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05243 | +0.019% | $1.8M | $3.5M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05243 | +0.019% | $1.5M | $1.6M | 25x | as long as short |
| MEXC AXL_USDTshort | +0.0100% | 4h | 0.05243 | +0.019% | $326K | $168K | 50x | |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05243 | +0.019% | $438K | $84K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05241 | −0.019% | $576K | $274K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05246 | +0.067% | $6K | $23K | — | as long as short |
BloFin AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL