Funding you earn now, next payment 04:00 UTC−0.3172%/8h= −347.3% APRnext payment −$15.86 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bitget−0.353%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1641.643% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.353%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$95 a day on $10k at the current rate, and MEXC is 0.295% cheaper against Bitget than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.86 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 | Bitget DATAUSDT | 0.2265 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $679K | $469K | 50x |
| Short | MEXC DATA_USDT | 0.2257 | −0.3072 | pay 0.1536% / 4h | 2h 12m | $103K | $273K | 20x |
Bitget DATAUSDT
MEXC DATA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. 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
- −$666.12
- Price spread: −0.353% → −0.058%
- −$29.47
- Slippage, 4 orders
- −$148.29
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$859.88
- Costs to cover
- 1.643%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 53 min ago; MEXC: live order book, 37 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 Bitget live order book, 53 min ago | 11.03 bp | 76.4 bp −$76 | 360.1 bp −$3,601 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 37 min ago | 4.51 bp | 14.2 bp −$14 | 55.7 bp −$557 | 667.9 bp −$66.8K | doesn't fit |
DATA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX DATA-USDT-SWAP | −0.3073% | 4h | 0.2255 | −0.442% | $1.3M | $7.0M | 20x | as long as short |
| MEXC DATA_USDTshort | −0.3072% | 4h | 0.2257 | −0.353% | $103K | $273K | 20x | |
| Gate DATA_USDT | −0.2394% | 4h | 0.2268 | +0.132% | $117K | $86K | 20x | as long as short |
| Extended DATA-USD | −0.1432% | 1h | 0.2255 | −0.422% | $942 | $60 | 5x | as long as short |
| Bybit DATAUSDT | −0.1157% | 4h | 0.2264 | −0.044% | $1.3M | $1.7M | 20x | as long as short |
| KuCoin DATAUSDTM | −0.1050% | 4h | 0.2261 | −0.177% | $205K | $1.0M | 30x | as long as short |
| Lighter DATA | −0.0184% | 1h | 0.2266 | +0.044% | $72K | $225K | 10x | as long as short |
| Bitget DATAUSDTlong | +0.0100% | 4h | 0.2265 | long leg | $679K | $469K | 50x |
OKX DATA-USDT-SWAP
Gate DATA_USDT
Extended DATA-USD
Bybit DATAUSDT
KuCoin DATAUSDTM
Lighter DATA