Funding you earn now, next payment 00:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.149%
Price spread now: MEXC against BingX−0.011%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1691.689% of the position
Funding, last 7 days+0.791%+$79 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now −0.011%, 7d avg −0.041%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.030% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTW-USDT | 0.9029 | 0.1776 | pay 0.0888% / 4h | 2h 45m | — | $4.4M | — |
| Short | MEXC BTW_USDT | 0.9028 | 0.1886 | get 0.0943% / 4h | 2h 45m | $12.2M | $5.8M | 20x |
BingX BTW-USDT
MEXC BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- $23.1
- Price spread: −0.011% → −0.041%
- $2.99
- Slippage, 4 orders
- −$158.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$142.83
- Costs to cover
- 1.689%
- Break-even
- 50.3 days
Slippage from BingX: live order book, 20 min ago; MEXC: 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 BingX live order book, 20 min ago | 8.46 bp | 37.6 bp −$38 | 128.2 bp −$1,282 | 678.5 bp −$67.8K | doesn't fit |
| Sell MEXC live order book, 3 min ago | 24.45 bp | 38.5 bp −$38 | 73.1 bp −$731 | 230.2 bp −$23.0K | 708.7 bp −$354.4K |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.9040 | +0.122% | $221K | $765K | 10x | as long as short |
| Gate BTW_USDT | +0.0236% | 4h | 0.8994 | −0.383% | $3.9M | $14.9M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.1370% | 4h | 0.9025 | −0.045% | $8.3M | $4.6M | 10x | as long as short |
| Aster BTWUSDT | +0.1456% | 4h | 0.9011 | −0.197% | $2.5M | $2.6M | 5x | as long as short |
| Bybit BTWUSDT | +0.1573% | 4h | 0.9022 | −0.078% | $17.6M | $34.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1610% | 4h | 0.9055 | +0.292% | $28.6M | $12.5M | 5x | as long as short |
| BingX BTW-USDTlong | +0.1776% | 4h | 0.9029 | long leg | — | $4.4M | — | |
| Binance BTWUSDT | +0.1879% | 4h | 0.9005 | −0.268% | $126.1M | $155.3M | 10x | as long as short |
| Extended BTW-USD | +0.1880% | 1h | 0.9000 | −0.322% | $43K | $13K | 5x | as long as short |
| MEXC BTW_USDTshort | +0.1886% | 4h | 0.9028 | −0.011% | $12.2M | $5.8M | 20x |
HTX BTW-USDT
Gate BTW_USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bybit BTWUSDT
Bitget BTWUSDT
Binance BTWUSDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.1893% | 4h | 0.8982 | −0.520% | $370K | $487K | 10x | as long as short |
edgeX BTWUSDC