Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.058%
Price spread now: MEXC against BloFin−0.085%49s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as 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−$430.426% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.085%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.050% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.035%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BANK-USDT | 0.03524 | 0.0340 | pay 0.0170% / 4h | 1h 14m | $452K | $163K | 50x |
| Short | MEXC BANK_USDT | 0.03521 | 0.0100 | get 0.0050% / 4h | 1h 14m | $2.6M | $637K | 20x |
BloFin BANK-USDT
MEXC BANK_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
- −$50.4
- Price spread: −0.085% → −0.035%
- −$4.97
- Slippage, 4 orders
- −$30.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$97.98
- Costs to cover
- 0.426%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; MEXC: live order book, 2 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, 1 min ago | 1.42 bp | 17.2 bp −$17 | 49.5 bp −$495 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.42 bp | 6.0 bp −$6 | 25.2 bp −$252 | 108.0 bp −$10.8K | 381.4 bp −$190.7K |
BANK 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BANKUSDT | +0.0100% | 4h | 0.03522 | −0.063% | $56K | $121K | 5x | as long as short |
| Binance BANKUSDT | +0.0100% | 4h | 0.03528 | +0.105% | $8.0M | $33.2M | 50x | as long as short |
| Bybit BANKUSDT | +0.0100% | 4h | 0.03529 | +0.142% | $2.9M | $6.8M | 20x | as long as short |
| MEXC BANK_USDTshort | +0.0100% | 4h | 0.03521 | −0.085% | $2.6M | $637K | 20x | |
| KuCoin BANKUSDTM | +0.0100% | 4h | 0.03521 | −0.085% | $1.2M | $196K | 50x | as long as short |
| HTX BANK-USDT | +0.0100% | 4h | 0.03523 | −0.028% | $36K | $284K | 20x | as long as short |
| edgeX BANKUSDC | +0.0116% | 4h | 0.03523 | −0.036% | $1K | $243K | 5x | as long as short |
| Bitget BANKUSDT | +0.0274% | 4h | 0.03525 | +0.028% | $2.8M | $3.4M | 25x | as long as short |
| BingX BANK-USDT | +0.0292% | 4h | 0.03525 | +0.028% | — | $6.9M | — | as long as short |
| BloFin BANK-USDTlong | +0.0340% | 4h | 0.03524 | long leg | $452K | $163K | 50x |
Aster BANKUSDT
Binance BANKUSDT
Bybit BANKUSDT
KuCoin BANKUSDTM
HTX BANK-USDT
edgeX BANKUSDC
Bitget BANKUSDT
BingX BANK-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BANK_USDT | +0.0728% | 4h | 0.03525 | +0.028% | $718K | $1.5M | 10x | as long as short |
Gate BANK_USDT