Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against MEXC+0.153%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1141.143% of the position
Funding, last 7 days+0.451%+$45 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.153%, 7d avg +0.055%
=The price spread pays, funding is against you. BingX is 0.098% dearer against MEXC than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.055%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.451%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC AXL_USDT | 0.05230 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $342K | $160K | 50x |
| Short | BingX AXL-USDT | 0.05238 | 0.0070 | get 0.0035% / 4h | 2h 30m | — | $2.3M | — |
MEXC AXL_USDT
BingX AXL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.3
- Price spread: +0.153% → +0.055%
- $9.78
- Slippage, 4 orders
- −$100.32
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$110.84
- Costs to cover
- 1.143%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 52 min ago; BingX: live order book, 8 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, 52 min ago | 0.96 bp | 17.9 bp −$18 | 68.3 bp −$683 | 103.8 bp −$10.4K | doesn't fit |
| Sell BingX live order book, 8 min ago | 8.60 bp | 45.9 bp −$46 | 125.2 bp −$1,252 | 583.3 bp −$58.3K | 802.3 bp −$401.1K |
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-USDTshort | +0.0070% | 4h | 0.05238 | +0.153% | — | $2.3M | — | |
| BloFin AXL-USDT | +0.0082% | 4h | 0.05232 | +0.038% | $124K | $12K | 50x | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05232 | +0.038% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05237 | +0.132% | $1.9M | $4.1M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05230 | 0.000% | $1.5M | $1.9M | 25x | as long as short |
| MEXC AXL_USDTlong | +0.0100% | 4h | 0.05230 | long leg | $342K | $160K | 50x | |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05230 | 0.000% | $438K | $94K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05237 | +0.134% | $574K | $298K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05231 | +0.015% | $6K | $24K | — | as long as short |
BloFin AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL