Funding you earn now, next payment 04:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.002%
Price spread now: MEXC against BloFin−0.038%64s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as 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−$840.842% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now −0.038%, 7d avg −0.040%
=The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 64 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 AXL-USDT | 0.05250 | 0.0155 | pay 0.0077% / 4h | 3h 38m | $122K | $11K | 50x |
| Short | MEXC AXL_USDT | 0.05248 | 0.0100 | get 0.0050% / 4h | 3h 38m | $340K | $159K | 50x |
BloFin AXL-USDT
MEXC AXL_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
- −$11.52
- Price spread: −0.038% → −0.040%
- $0.2
- Slippage, 4 orders
- −$68.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$95.48
- Costs to cover
- 0.842%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 17 min ago; MEXC: live order book, 17 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, 17 min ago | 4.76 bp | 29.9 bp −$30 | 74.8 bp −$748 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 17 min ago | 1.90 bp | 13.5 bp −$13 | 68.2 bp −$682 | 128.6 bp −$12.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit AXLUSDT | −0.0448% | 4h | 0.05247 | −0.057% | $1.5M | $1.9M | 25x | as long as short |
| BingX AXL-USDT | +0.0070% | 4h | 0.05249 | −0.019% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05250 | +0.008% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05247 | −0.048% | $1.9M | $4.1M | 50x | as long as short |
| MEXC AXL_USDTshort | +0.0100% | 4h | 0.05248 | −0.038% | $340K | $159K | 50x | |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05252 | +0.038% | $440K | $94K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05245 | −0.095% | $574K | $304K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05260 | +0.194% | $6K | $23K | — | as long as short |
| BloFin AXL-USDTlong | +0.0155% | 4h | 0.05250 | long leg | $122K | $11K | 50x |
Bybit AXLUSDT
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL