BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.014%

Price spread now: BingX against MEXC+0.025%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$150.150% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.025%, 7d avg −0.040%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.064% dearer against MEXC than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.040%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	86,377	0.0078	pay 0.0078% / 8h	7h 40m	$5.13B	$5.68B	500x
Short	BingX BTC-USDC	86,398.2	0.0049	get 0.0049% / 8h	7h 40m	—	$15.3M	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BingXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$6.13
Price spread: +0.025% → −0.040%: $6.43
Slippage, 4 orders: −$1.05
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$14.75
Costs to cover: 0.150%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 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, 4 min ago	0.01 bp	3.0 bp −$3	3.0 bp −$30	3.1 bp −$308	3.5 bp −$1,765
Sell BingX live order book, 8 min ago	0.02 bp	5.0 bp −$5	5.8 bp −$58	6.7 bp −$671	8.1 bp −$4,074

BTC on 56 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
Phoenix BTC	−0.0129%	1h	86,448	+0.082%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,373	−0.005%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,363.8	−0.015%	$361K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,388.2	+0.013%	$458K	$21.9M	6.7x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,390	+0.015%	$903.6M	$1.51B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,377.2	0.000%	$36.9M	—	200x	as long as short
dYdX BTC-USD	+0.0019%	1h	86,402.9	+0.030%	$16.9M	$20.5M	50x	as long as short
Aster BTCUSDT	+0.0020%	8h	86,398.1	+0.024%	$501.1M	$1.14B	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,616	+0.277%	$333K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0036%	8h	86,374.4	−0.003%	$830.8M	$723.6M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BTCUSDT	+0.0039%	8h	86,351.2	−0.030%	$153.5M	$476.2M	150x	as long as short
Reya BTCRUSDPERP	+0.0043%	1h	86,356.1	−0.024%	$6.7M	$145.7M	40x	as long as short
BingX BTC-USDCshort	+0.0049%	8h	86,398.2	+0.025%	—	$15.3M	—
RISEx BTC/USDC	+0.0052%	1h	86,367.6	−0.011%	$8.3M	$42.6M	25x	as long as short
Bitget BTCUSDT	+0.0062%	8h	86,403.2	+0.030%	$2.97B	$5.05B	150x	as long as short
MEXC BTC_USDTlong	+0.0078%	8h	86,377	long leg	$5.13B	$5.68B	500x
Binance BTCUSDT	+0.0079%	8h	86,374.6	−0.003%	$9.40B	$24.40B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,335	−0.049%	$2.5M	$1.6M	20x	as long as short
Lighter BTC	+0.0096%	1h	86,388.2	+0.013%	$170.2M	$984.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,386.6	+0.011%	$23.7M	$149.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,355	−0.025%	$8.4M	$52.1M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,331	−0.053%	$201K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,435.4	+0.068%	$4.6M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,380.1	+0.004%	$22.0M	$230.2M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,429	+0.060%	$3.79B	$5.05B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,407.3	+0.035%	$40.7M	$546.1M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,407.1	+0.035%	$5.25B	$9.71B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,417.7	+0.047%	$2.56B	$12.55B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,374	−0.003%	$3.9M	$18.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,436.5	+0.069%	$7.2M	$95.6M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,359.8	−0.020%	$5.82B	$10.52B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,345.7	−0.036%	$37.4M	$156.1M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,351.7	−0.029%	$158.4M	$564.0M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,429.4	+0.061%	$279.2M	$949.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,468.6	+0.106%	$217.0M	$165.5M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,422.4	+0.053%	$141.5M	$322.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,422.8	+0.053%	$30.7M	$208.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,417	+0.046%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,358	−0.022%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,360.9	−0.019%	$192K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,354.8	−0.026%	$2.5M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,393.7	+0.019%	$144K	$667K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,389.9	+0.015%	$30.5M	$62.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,350	−0.031%	$3.4M	$5.2M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,355	−0.025%	$60.4M	$338.2M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,341.1	−0.042%	$2.29B	$964.3M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,336.3	−0.047%	$571.6M	$13.0M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,343.1	−0.039%	$45.9M	$222.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,375.1	−0.002%	—	$99.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,395	+0.021%	$132.2M	$5.48B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,387.6	+0.012%	$192.1M	$944.8M	100x	as long as short
Hibachi BTC/USDT-P	+0.0160%	1h	86,468	+0.105%	$712K	$8.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0165%	1h	86,420.3	+0.050%	$78K	$217K	20x	as long as short
BloFin BTC-USDT	+0.0199%	8h	86,354.6	−0.026%	$414.4M	$649.7M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0217%	1h	86,374.4	−0.003%	$14.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0211%	8h	86,409	+0.037%	$9.9M	$762.2M	6.4x	as long as short