DRIFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BloFin−0.398%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$334as in the Funding arb table

Net, price: spread back to 7d avg − costs−$369as in the Price arb table

costs, in and out, $10k−$3373.365% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+2.606%+$261 · spread now −0.398%, 7d avg −0.076%

Together, before fees+2.629%+$263 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.322% cheaper against BloFin than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DRIFT-USDT	0.01759	0.0156	pay 0.0078% / 4h	1h 15m	$111K	$10K	20x
Short	MEXC DRIFT_USDT	0.01752	0.0100	get 0.0050% / 4h	1h 15m	$415K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee MEXCbpOrdersPrice spread, now −0.398%Rate

Funding earned: −$11.76
Price spread: −0.398% → −0.076%: −$32.22
Slippage, 4 orders: −$320.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$380.48
Costs to cover: 3.365%
Break-even: never at this rate

Slippage from BloFin: live order book, 22 min ago; MEXC: live order book, 31 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 BloFin live order book, 22 min ago	11.51 bp	28.9 bp −$29	190.7 bp −$1,907	doesn't fit	doesn't fit
Sell MEXC live order book, 31 min ago	17.33 bp	141.6 bp −$142	264.1 bp −$2,641	510.0 bp −$51.0K	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	−9.551%	—	$9K	5.5x	as long as short
Binance DRIFTUSDT	+0.0100%	4h	0.01755	−0.200%	$2.4M	$6.6M	20x	as long as short
Bybit DRIFTUSDT	+0.0100%	4h	0.01755	−0.239%	$2.4M	$2.8M	20x	as long as short
Gate DRIFT_USDT	+0.0100%	4h	0.01755	−0.227%	$124K	$235K	10x	as long as short
MEXC DRIFT_USDTshort	+0.0100%	4h	0.01752	−0.398%	$415K	$168K	20x
KuCoin DRIFTUSDTM	+0.0100%	4h	0.01754	−0.284%	$689K	$118K	20x	as long as short
Bitget DRIFTUSDT	+0.0100%	4h	0.01755	−0.227%	$540K	$359K	10x	as long as short
BingX DRIFT-USDT	+0.0100%	4h	0.01756	−0.171%	—	$6.6M	—	as long as short
Variational Omni DRIFT	+0.0100%	4h	0.01758	−0.048%	$24K	$6K	—	as long as short
BloFin DRIFT-USDTlong	+0.0156%	4h	0.01759	long leg	$111K	$10K	20x