Funding you earn now, next payment 04:00 UTC−0.0970%/8h= −106.2% APRnext payment −$4.85 per $10,000 · paid last 24h −0.034%
Price spread now: MEXC against BingX−0.062%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$920.921% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.062%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and MEXC is 0.024% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.85 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 | BingX C-USDT | 0.08031 | 0.1070 | pay 0.0535% / 4h | 30m 18s | — | $2.4M | — |
| Short | MEXC C_USDT | 0.08026 | 0.0100 | get 0.0050% / 4h | 30m 18s | $214K | $199K | 50x |
BingX C-USDT
MEXC C_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
- −$203.7
- Price spread: −0.062% → −0.038%
- −$2.42
- Slippage, 4 orders
- −$78.07
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$298.19
- Costs to cover
- 0.921%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; MEXC: live order book, 9 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, 3 min ago | 4.34 bp | 26.9 bp −$27 | 108.7 bp −$1,087 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 1.87 bp | 15.1 bp −$15 | 74.7 bp −$747 | 254.3 bp −$25.4K | 644.5 bp −$322.2K |
C 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 CUSDT | +0.0100% | 4h | 0.08041 | +0.128% | $32K | $104K | 5x | as long as short |
| Binance CUSDT | +0.0100% | 4h | 0.08026 | −0.060% | $6.6M | $11.8M | 50x | as long as short |
| MEXC C_USDTshort | +0.0100% | 4h | 0.08026 | −0.062% | $214K | $199K | 50x | |
| KuCoin CUSDTM | +0.0100% | 4h | 0.08031 | 0.000% | $646K | $139K | 25x | as long as short |
| Bitget CUSDT | +0.0100% | 4h | 0.08022 | −0.112% | $448K | $1.0M | 20x | as long as short |
| Variational Omni C | +0.0100% | 4h | 0.08049 | +0.225% | $620 | $10K | — | as long as short |
| Gate C_USDT | +0.0762% | 4h | 0.08052 | +0.261% | $328K | $484K | 20x | as long as short |
| Bybit CUSDT | +0.1066% | 4h | 0.08027 | −0.050% | $1.2M | $1.7M | 13x | as long as short |
| BingX C-USDTlong | +0.1070% | 4h | 0.08031 | long leg | — | $2.4M | — |
Aster CUSDT
Binance CUSDT
KuCoin CUSDTM
Bitget CUSDT
Variational Omni C
Gate C_USDT
Bybit CUSDT