Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX+0.057%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$362as in the Funding arb table
Net, price: spread back to 7d avg − costs−$361as in the Price arb table
costs, in and out, $10k−$3623.622% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.057%, 7d avg +0.042%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX DRIFT-USDT | 0.01746 | 0.0100 | pay 0.0050% / 4h | 3h 41m | — | $6.6M | — |
| Short | MEXC DRIFT_USDT | 0.01747 | 0.0100 | get 0.0050% / 4h | 3h 41m | $418K | $172K | 20x |
BingX DRIFT-USDT
MEXC DRIFT_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
- $0
- Price spread: +0.057% → +0.042%
- $1.49
- Slippage, 4 orders
- −$348.23
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$360.74
- Costs to cover
- 3.622%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 14 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, 6 min ago | 11.41 bp | 43.1 bp −$43 | 179.3 bp −$1,793 | 729.6 bp −$73.0K | doesn't fit |
| Sell MEXC live order book, 14 min ago | 14.36 bp | 136.6 bp −$137 | 263.4 bp −$2,634 | 505.5 bp −$50.5K | 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 | −8.877% | — | $9K | 5.5x | as long as short |
| Binance DRIFTUSDT | +0.0100% | 4h | 0.01748 | +0.115% | $2.3M | $6.8M | 20x | as long as short |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01744 | −0.115% | $2.4M | $2.9M | 20x | as long as short |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01744 | −0.115% | $128K | $238K | 10x | as long as short |
| MEXC DRIFT_USDTshort | +0.0100% | 4h | 0.01747 | +0.057% | $418K | $172K | 20x | |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01742 | −0.229% | $689K | $128K | 20x | as long as short |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01747 | +0.057% | $539K | $360K | 10x | as long as short |
| BingX DRIFT-USDTlong | +0.0100% | 4h | 0.01746 | long leg | — | $6.6M | — | |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01755 | +0.500% | $23K | $6K | — | as long as short |
| BloFin DRIFT-USDT | +0.0109% | 4h | 0.01750 | +0.229% | $153K | $10K | 20x | as long as short |
Injective DRIFT/USDC PERP
Binance DRIFTUSDT
Bybit DRIFTUSDT
Gate DRIFT_USDT
KuCoin DRIFTUSDTM
Bitget DRIFTUSDT
Variational Omni DRIFT
BloFin DRIFT-USDT