Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.307%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$365as in the Funding arb table
Net, price: spread back to 7d avg − costs−$390as in the Price arb table
costs, in and out, $10k−$3653.651% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.526%+$53 · spread now −0.307%, 7d avg −0.054%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.253% cheaper against Binance than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DRIFTUSDT | 0.01778 | 0.0100 | pay 0.0050% / 4h | 23m 50s | $2.5M | $6.3M | 20x |
| Short | MEXC DRIFT_USDT | 0.01773 | 0.0100 | get 0.0050% / 4h | 23m 50s | $418K | $165K | 20x |
Binance DRIFTUSDT
MEXC DRIFT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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
- $0
- Price spread: −0.307% → −0.054%
- −$25.26
- Slippage, 4 orders
- −$351.1
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$390.37
- Costs to cover
- 3.651%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; MEXC: live order book, 62 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 Binance live order book, 15 min ago | 2.80 bp | 36.3 bp −$36 | 592.0 bp −$5,920 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 62 min ago | 55.99 bp | 86.0 bp −$86 | 207.4 bp −$2,074 | 444.1 bp −$44.4K | doesn't fit |
DRIFT on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DRIFT/USDC PERP | +0.0033% | 1h | 0.01591 | −10.540% | — | $9K | 5.5x | as long as short |
| KuCoin DRIFTUSDTM | +0.0090% | 4h | 0.01770 | −0.476% | $709K | $133K | 20x | as long as short |
| Binance DRIFTUSDTlong | +0.0100% | 4h | 0.01778 | long leg | $2.5M | $6.3M | 20x | |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01773 | −0.307% | $2.3M | $2.6M | 20x | as long as short |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01774 | −0.251% | $116K | $242K | 10x | as long as short |
| MEXC DRIFT_USDTshort | +0.0100% | 4h | 0.01773 | −0.307% | $418K | $165K | 20x | |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01777 | −0.082% | $546K | $373K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01777 | −0.082% | — | $6.6M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01775 | −0.185% | $24K | $4K | — | as long as short |
| BloFin DRIFT-USDT | +0.0139% | 4h | 0.01778 | −0.026% | $160K | $19K | 20x | as long as short |
Injective DRIFT/USDC PERP
KuCoin DRIFTUSDTM
Bybit DRIFTUSDT
Gate DRIFT_USDT
Bitget DRIFTUSDT
BingX DRIFT-USDT
Variational Omni DRIFT
BloFin DRIFT-USDT