Funding you earn now, next payment 04:00 UTC+0.0216%/8h= +23.7% APRnext payment +$1.08 per $10,000 · paid last 24h +0.046%
Price spread now: MEXC against SunX−0.216%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$248as in the Funding arb table
Net, price: spread back to 7d avg − costs−$263as in the Price arb table
costs, in and out, $10k−$2552.546% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 3 days (all we have)+0.045%+$5 · spread now −0.216%, 7d avg −0.136%
=Funding pays, the price is against you. MEXC is 0.080% cheaper against SunX than usual: you would sell low and buy high (spread −0.216% now, against its 7-day average of −0.136%). If the spread goes back, that is −$8 on $10k: about 30 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.067% in total) that is about 8.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.08 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 | SunX BILL-USDT | 0.01388 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $2K | $1.1M | 20x |
| Short | MEXC BILL_USDT | 0.01385 | 0.0316 | get 0.0158% / 4h | 3h 40m | $1.0M | $320K | 50x |
SunX BILL-USDT
MEXC BILL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against SunX. 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
- $45.36
- Price spread: −0.216% → −0.136%
- −$8.01
- Slippage, 4 orders
- −$246.62
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$217.28
- Costs to cover
- 2.546%
- Break-even
- 40.5 days
Slippage from SunX: live order book, 3 min ago; MEXC: live order book, 1 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 SunX live order book, 3 min ago | 35.97 bp | 106.7 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.61 bp | 6.3 bp −$6 | 55.4 bp −$554 | 287.6 bp −$28.8K | doesn't fit |
BILL on 16 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 BILLUSDT | +0.0100% | 4h | 0.01386 | −0.142% | $2K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01384 | −0.288% | $1.3M | $938K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0100% | 4h | 0.01385 | −0.216% | $1.0M | $2.5M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01387 | −0.072% | $280K | $82K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01385 | −0.216% | $630K | $846K | 20x | as long as short |
| SunX BILL-USDTlong | +0.0100% | 4h | 0.01388 | long leg | $2K | $1.1M | 20x | |
| BloFin BILL-USDT | +0.0114% | 4h | 0.01386 | −0.144% | $144K | $19K | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0192% | 1h | 0.01385 | −0.216% | $21K | $926 | 5x | as long as short |
| MEXC BILL_USDTshort | +0.0316% | 4h | 0.01385 | −0.216% | $1.0M | $320K | 50x | |
| Binance BILLUSDT | +0.0317% | 4h | 0.01385 | −0.216% | $2.5M | $3.6M | 20x | as long as short |
Aster BILLUSDT
Bybit BILLUSDT
OKX BILL-USDT-SWAP
Gate BILL_USDT
Bitget BILLUSDT
BloFin BILL-USDT
Backpack BILL_USDC_PERP
Binance BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BILL-USDT | +0.0320% | 4h | 0.01386 | −0.144% | — | $1.7M | — | as long as short |
| Extended BILL-USD | +0.0320% | 1h | 0.01385 | −0.241% | $1K | $257K | 5x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0632% | 1h | 0.01386 | −0.151% | $47K | $100K | 50x | as long as short |
| HTX BILL-USDT | +0.0854% | 4h | 0.01390 | +0.144% | $17K | $8K | 20x | as long as short |
| KuCoin BILLUSDTM | +0.0966% | 4h | 0.01387 | −0.050% | $446K | $280K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2209% | 1h | 0.01386 | −0.122% | $108K | $14K | 10x | as long as short |
BingX BILL-USDT
Extended BILL-USD
Coinbase International BILL-PERP-INTX
HTX BILL-USDT
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL