Funding you earn now, next payment 12:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against BingX+0.075%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$990.985% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.075%, 7d avg +0.014%
=The price spread pays, funding is against you. MEXC is 0.060% dearer against BingX than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.014%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COOKIE-USDT | 0.01341 | 0.0112 | pay 0.0056% / 4h | 1h 31m | — | $6.6M | — |
| Short | MEXC COOKIE_USDT | 0.01342 | 0.0100 | get 0.0050% / 4h | 1h 31m | $878K | $667K | 100x |
BingX COOKIE-USDT
MEXC COOKIE_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
- −$2.52
- Price spread: +0.075% → +0.014%
- $6.03
- Slippage, 4 orders
- −$84.54
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$95.03
- Costs to cover
- 0.985%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; MEXC: live order book, 7 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, 13 min ago | 6.14 bp | 38.0 bp −$38 | 174.7 bp −$1,747 | 557.7 bp −$55.8K | 751.3 bp −$375.6K |
| Sell MEXC live order book, 7 min ago | 7.22 bp | 13.3 bp −$13 | 172.2 bp −$1,722 | 643.4 bp −$64.3K | doesn't fit |
COOKIE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01342 | +0.052% | $2.7M | $20.1M | 20x | as long as short |
| Bybit COOKIEUSDT | +0.0100% | 4h | 0.01340 | −0.082% | $1.1M | $3.3M | 25x | as long as short |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01342 | +0.075% | $154K | $484K | 25x | as long as short |
| MEXC COOKIE_USDTshort | +0.0100% | 4h | 0.01342 | +0.075% | $878K | $667K | 100x | |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01344 | +0.224% | $340K | $302K | 20x | as long as short |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01341 | 0.000% | $411K | $562K | 5x | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01337 | −0.283% | $15K | $32K | — | as long as short |
| BingX COOKIE-USDTlong | +0.0112% | 4h | 0.01341 | long leg | — | $6.6M | — | |
| Kraken Futures PF_COOKIEUSD | +0.0890% | 1h | 0.01342 | +0.074% | $18K | $59K | 10x | as long as short |
Binance COOKIEUSDT
Bybit COOKIEUSDT
Gate COOKIE_USDT
KuCoin COOKIEUSDTM
Bitget COOKIEUSDT
Variational Omni COOKIE
Kraken Futures PF_COOKIEUSD