Funding you earn now, next payment 04:00 UTC+0.1446%/8h= +158.3% APRnext payment +$7.23 per $10,000 · paid last 24h +0.896%
Price spread now: BingX against MEXC−0.086%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days+0.896%+$90 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.086%, 7d avg −0.018%
=Funding pays, the price is against you. BingX is 0.069% cheaper against MEXC than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.018%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$43 a day). At the pace of the last 7 days (+0.896% in total) that is about 13 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.896% in total (about 46.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.23 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 | MEXC BIRB_USDT | 0.06957 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $142K | $101K | 50x |
| Short | BingX BIRB-USDT | 0.06951 | 0.1546 | get 0.0773% / 4h | 3h 11m | — | $737K | — |
MEXC BIRB_USDT
BingX BIRB-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
- $303.66
- Price spread: −0.086% → −0.018%
- −$6.87
- Slippage, 4 orders
- −$84.84
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $197.95
- Costs to cover
- 0.988%
- Break-even
- 2.4 days
Slippage from MEXC: live order book, 34 min ago; BingX: live order book, 3 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, 34 min ago | 1.45 bp | 13.3 bp −$13 | 58.4 bp −$584 | 253.3 bp −$25.3K | 799.5 bp −$399.7K |
| Sell BingX live order book, 3 min ago | 10.79 bp | 36.5 bp −$36 | 100.8 bp −$1,008 | 926.0 bp −$92.6K | 1228.1 bp −$614.0K |
BIRB 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BIRBUSDT | +0.0100% | 4h | 0.06950 | −0.105% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDT | +0.0100% | 4h | 0.06959 | +0.029% | $1.3M | $1.7M | 50x | as long as short |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06955 | −0.029% | $61K | $56K | 20x | as long as short |
| MEXC BIRB_USDTlong | +0.0100% | 4h | 0.06957 | long leg | $142K | $101K | 50x | |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06961 | +0.057% | $75K | $37K | 20x | as long as short |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06960 | +0.043% | $437K | $194K | 20x | as long as short |
| BloFin BIRB-USDT | +0.1494% | 4h | 0.06938 | −0.273% | $84K | $5K | 25x | as long as short |
| Bybit BIRBUSDT | +0.1509% | 4h | 0.06939 | −0.259% | $647K | $463K | 25x | as long as short |
| BingX BIRB-USDTshort | +0.1546% | 4h | 0.06951 | −0.086% | — | $737K | — |
Aster BIRBUSDT
Binance BIRBUSDT
Gate BIRB_USDT
KuCoin BIRBUSDTM
Bitget BIRBUSDT
BloFin BIRB-USDT
Bybit BIRBUSDT