Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.006%
Price spread now: BingX against MEXC−0.101%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1081.078% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.101%, 7d avg −0.015%
=Funding pays, the price is against you. BingX is 0.086% cheaper against MEXC than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.015%). If the spread goes back, that is −$9 on $10k: about 12 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COOKIE_USDT | 0.01289 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $661K | $379K | 100x |
| Short | BingX COOKIE-USDT | 0.01288 | 0.0124 | get 0.0062% / 4h | 1h 43m | — | $6.5M | — |
MEXC COOKIE_USDT
BingX COOKIE-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.04
- Price spread: −0.101% → −0.015%
- −$8.63
- Slippage, 4 orders
- −$93.8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$111.39
- Costs to cover
- 1.078%
- Break-even
- 161.7 days
Slippage from MEXC: live order book, 57 min ago; BingX: live order book, 8 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, 57 min ago | 12.01 bp | 17.7 bp −$18 | 136.4 bp −$1,364 | 518.3 bp −$51.8K | doesn't fit |
| Sell BingX live order book, 8 min ago | 5.88 bp | 38.9 bp −$39 | 208.9 bp −$2,089 | 664.3 bp −$66.4K | 867.4 bp −$433.7K |
COOKIE 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01288 | −0.116% | $2.2M | $9.9M | 20x | as long as short |
| Bybit COOKIEUSDT | +0.0100% | 4h | 0.01289 | −0.031% | $888K | $1.6M | 25x | as long as short |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01285 | −0.310% | $132K | $241K | 25x | as long as short |
| MEXC COOKIE_USDTlong | +0.0100% | 4h | 0.01289 | long leg | $661K | $379K | 100x | |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01285 | −0.310% | $234K | $165K | 20x | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01278 | −0.851% | $13K | $20K | — | as long as short |
| Bitget COOKIEUSDT | +0.0118% | 4h | 0.01290 | +0.078% | $369K | $326K | 5x | as long as short |
| BingX COOKIE-USDTshort | +0.0124% | 4h | 0.01288 | −0.101% | — | $6.5M | — | |
| Kraken Futures PF_COOKIEUSD | +0.0990% | 1h | 0.01290 | +0.092% | $15K | $48K | 10x | as long as short |
Binance COOKIEUSDT
Bybit COOKIEUSDT
Gate COOKIE_USDT
KuCoin COOKIEUSDTM
Variational Omni COOKIE
Bitget COOKIEUSDT
Kraken Futures PF_COOKIEUSD