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Funding arb · Price arb /

C

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Alert: funding
Measured
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Alert: spread
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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: BingX against MEXC+0.187%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$920.921% of the position
Long on MEXCShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.187%, 7d avg +0.038%
Together, before fees−0.205%−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and BingX is 0.149% dearer against MEXC than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.038%.
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC C_USDT0.080270.0100pay 0.0050% / 4h29m 11s$214K$199K50x
ShortBingX C-USDT0.080420.1070get 0.0535% / 4h29m 11s—$2.4M—

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

Funding earned
$203.7
Price spread: +0.187% → +0.038%
$14.88
Slippage, 4 orders
−$78.07
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
$126.51
Costs to cover
0.921%
Break-even
2.7 days
Slippage from MEXC: live order book, 10 min ago; BingX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 10 min ago1.87 bp12.2 bp −$1270.7 bp −$707257.1 bp −$25.7Kdoesn't fit
Sell BingX live order book, 5 min ago4.34 bp37.9 bp −$38118.6 bp −$1,186928.9 bp −$92.9K1379.7 bp −$689.9K

C on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CUSDT+0.0100%4h0.08029+0.027%$32K$104K5xas long as short
Binance CUSDT+0.0100%4h0.08025−0.025%$6.6M$11.8M50xas long as short
MEXC C_USDTlong+0.0100%4h0.08027long leg$214K$199K50x
KuCoin CUSDTM+0.0100%4h0.08028+0.012%$646K$139K25xas long as short
Bitget CUSDT+0.0100%4h0.08022−0.062%$448K$1.0M20xas long as short
Variational Omni C+0.0100%4h0.08049+0.275%$620$10K—as long as short
Gate C_USDT+0.0760%4h0.08049+0.274%$328K$484K20xas long as short
Bybit CUSDT+0.1056%4h0.08031+0.050%$1.2M$1.7M13xas long as short
BingX C-USDTshort+0.1070%4h0.08042+0.187%—$2.4M—