BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0119%/8h= −13.1% APRnext payment −$1.19 per $10,000 · paid last 24h −0.012%

Price spread now: BloFin against MEXC+0.006%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.006%, 7d avg −0.004%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	86,011.2	0.0061	pay 0.0061% / 8h	4h 10m	$5.19B	$4.77B	500x
Short	BloFin BTC-USDT	86,016.5	−0.0058	pay 0.0058% / 8h	4h 10m	$421.0M	$552.3M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$25.06
Price spread: +0.006% → −0.004%: $1
Slippage, 4 orders: −$0.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$40.21
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.2 bp −$221	2.6 bp −$1,305
Sell BloFin live order book, 6 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.4 bp −$642	7.6 bp −$3,784

BTC on 56 exchanges

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
Perpl BTC	−0.0223%	43m	86,014.7	+0.004%	$466K	$13.2M	6.7x	as long as short
Phoenix BTC	−0.0150%	1h	86,038	+0.031%	$2.1M	$7.7M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,885	−0.147%	$8K	$2K	50x	as long as short
BloFin BTC-USDTshort	−0.0058%	8h	86,016.5	+0.006%	$421.0M	$552.3M	150x
SoDEX BTC-USD	−0.0033%	1h	86,026	+0.017%	$65.9M	$186.4M	40x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,023.9	+0.015%	$365K	$1.8M	50x	as long as short
dYdX BTC-USD	0.0000%	1h	86,034.5	+0.027%	$16.9M	$13.2M	50x	as long as short
Injective BTC/USDC PERP	+0.0001%	1h	86,020	+0.010%	$440K	$32.4M	52x	as long as short
Aster BTCUSDT	+0.0003%	8h	86,009.9	−0.002%	$510.3M	$815.2M	200x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,027.5	+0.019%	$37.0M	—	200x	as long as short

Show all 56 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XBTUSD	+0.0019%	1h	86,050.3	+0.045%	$193.7M	$723.5M	100x	as long as short
Popdex BTCUSDT	+0.0032%	1h	86,005	−0.007%	$8.6M	$46.1M	100x	as long as short
Phemex BTCUSDT	+0.0037%	8h	86,021.4	+0.012%	$173.2M	$469.3M	150x	as long as short
KuCoin XBTUSDTM	+0.0050%	8h	86,024.1	+0.015%	$951.8M	$625.9M	125x	as long as short
MEXC BTC_USDTlong	+0.0061%	8h	86,011.2	long leg	$5.19B	$4.77B	500x
Bybit BTCUSDT	+0.0061%	8h	86,017.8	+0.008%	$5.16B	$7.93B	150x	as long as short
Binance BTCUSDT	+0.0062%	8h	86,016.7	+0.006%	$9.41B	$19.85B	150x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,015.1	+0.005%	$2.4M	$6.8M	20x	as long as short
Gate BTC_USDT	+0.0074%	8h	86,024.2	+0.015%	$5.52B	$8.85B	200x	as long as short
Bitget BTCUSDT	+0.0076%	8h	86,020.6	+0.011%	$3.00B	$3.80B	150x	as long as short
HTX BTC-USDT	+0.0080%	8h	86,007.9	−0.004%	$2.27B	$737.7M	200x	as long as short
Bullet BTC-USD	+0.0081%	1h	86,016.3	+0.006%	$222K	$3.2M	20x	as long as short
Nado BTC-PERP	+0.0090%	1h	86,005.1	−0.007%	$23.0M	$188.9M	50x	as long as short
Variational Omni BTC	+0.0094%	8h	86,054.5	+0.050%	$157.7M	$475.3M	—	as long as short
Lighter BTC	+0.0096%	1h	86,044.3	+0.038%	$174.2M	$854.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,044.2	+0.038%	$23.8M	$118.7M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,984	−0.032%	$219K	$8.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,057.6	+0.054%	$5.7M	$7.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,050.9	+0.046%	$40.0M	$566.0M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,009.2	−0.002%	$2.64B	$9.01B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,019	+0.009%	$4.0M	$14.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,011.5	0.000%	$4.8M	$90.6M	40x	as long as short
BingX BTC-USDC	+0.0100%	8h	85,995.4	−0.018%	—	$16.1M	—	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,013.5	+0.003%	$39.3M	$200.5M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,036.2	+0.029%	$289.8M	$715.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,055.6	+0.052%	$216.2M	$133.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,092.3	+0.094%	$138.0M	$284.5M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,070	+0.068%	$30.2M	$227.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,105.2	+0.109%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,004	−0.008%	$11.0M	$11.8M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,003.7	−0.009%	$2.6M	$8.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,041.3	+0.035%	$143K	$608K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,085	+0.086%	$29.1M	$44.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,015.2	+0.005%	$3.3M	$6.8M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,063.9	+0.061%	$717.2M	$65.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,981.3	−0.035%	$47.4M	$181.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	86,017.1	+0.007%	—	$76.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0128%	1h	86,065.4	+0.063%	$113.1M	$4.96B	50x	as long as short
Hyperliquid BTC	+0.0155%	1h	86,120.3	+0.127%	$3.98B	$4.16B	40x	as long as short
Kalshi KXBTCPERP	+0.0158%	8h	86,038	+0.031%	$13.2M	$731.6M	6.4x	as long as short
RISEx BTC/USDC	+0.0165%	1h	86,041.4	+0.035%	$9.0M	$35.2M	25x	as long as short
Reya BTCRUSDPERP	+0.0178%	1h	85,988.5	−0.026%	$6.6M	$121.4M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0179%	1h	86,082.1	+0.082%	$818.6M	$1.47B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0211% / S −0.0245%	1h	86,024.1	+0.015%	$15.8M	—	200x	as long as short
Aftermath Perps BTCUSD	+0.0262%	1h	86,053.6	+0.049%	$79K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0280%	1h	86,101.9	+0.105%	$690K	$6.8M	30x	as long as short