DRIFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against MEXC−0.058%7-day average +0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$347as in the Price arb table

costs, in and out, $10k−$3333.330% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.566%−$57 · spread now −0.058%, 7d avg +0.078%

Together, before fees−0.590%−$59 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.135% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DRIFT_USDT	0.01726	0.0100	pay 0.0050% / 4h	2h 48m	$412K	$169K	20x
Short	BloFin DRIFT-USDT	0.01725	0.0097	get 0.0049% / 4h	2h 48m	$153K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$0.57
Price spread: −0.058% → +0.078%: −$13.55
Slippage, 4 orders: −$317.01
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$347.12
Costs to cover: 3.330%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 2 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, 2 min ago	17.38 bp	138.3 bp −$138	273.2 bp −$2,732	524.3 bp −$52.4K	doesn't fit
Sell BloFin live order book, 2 min ago	11.59 bp	28.2 bp −$28	123.7 bp −$1,237	doesn't fit	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	−7.822%	—	$9K	5.5x	as long as short
BloFin DRIFT-USDTshort	+0.0097%	4h	0.01725	−0.058%	$153K	$9K	20x
Binance DRIFTUSDT	+0.0100%	4h	0.01728	+0.142%	$2.3M	$6.8M	20x	as long as short
Bybit DRIFTUSDT	+0.0100%	4h	0.01724	−0.145%	$2.3M	$2.9M	20x	as long as short
Gate DRIFT_USDT	+0.0100%	4h	0.01726	0.000%	$124K	$238K	10x	as long as short
MEXC DRIFT_USDTlong	+0.0100%	4h	0.01726	long leg	$412K	$169K	20x
KuCoin DRIFTUSDTM	+0.0100%	4h	0.01721	−0.290%	$680K	$128K	20x	as long as short
Bitget DRIFTUSDT	+0.0100%	4h	0.01726	0.000%	$533K	$363K	10x	as long as short
BingX DRIFT-USDT	+0.0100%	4h	0.01725	−0.058%	—	$6.7M	—	as long as short
Variational Omni DRIFT	+0.0100%	4h	0.01721	−0.276%	$23K	$6K	—	as long as short