Funding you earn now, next payment 00:00 UTC−0.3590%/8h= −393.1% APRnext payment −$17.95 per $10,000 · paid last 24h −0.405%
Price spread now: MEXC against BingX0.000%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days−0.604%−$60 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now 0.000%, 7d avg −0.050%
=The price spread pays, funding is against you. MEXC is 0.050% dearer against BingX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.050%): +$5 on $10k if it goes back. Holding the pair costs −$108 a day in funding at the current rate, which eats that in about 1 hour. At the pace of the last 7 days (−0.604% in total) that is about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.604% in total (about -31.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.95 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 | BingX ESP-USDT | 0.09380 | 0.3690 | pay 0.1845% / 4h | 1h 54m | — | $1.7M | — |
| Short | MEXC ESP_USDT | 0.09380 | 0.0100 | get 0.0050% / 4h | 1h 54m | $1.2M | $103K | 20x |
BingX ESP-USDT
MEXC ESP_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
- −$753.9
- Price spread: 0.000% → −0.050%
- $5.02
- Slippage, 4 orders
- −$53.32
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$816.2
- Costs to cover
- 0.673%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; MEXC: 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 BingX live order book, 7 min ago | 6.41 bp | 26.6 bp −$27 | 70.4 bp −$704 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.53 bp | 10.4 bp −$10 | 70.5 bp −$705 | 460.5 bp −$46.0K | doesn't fit |
ESP on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09378 | −0.019% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09381 | +0.008% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09382 | +0.021% | $593K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09377 | −0.032% | $169K | $604K | 50x | as long as short |
| MEXC ESP_USDTshort | +0.0100% | 4h | 0.09380 | 0.000% | $1.2M | $103K | 20x | |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09386 | +0.064% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09386 | +0.061% | $956K | $123K | 20x | as long as short |
| edgeX ESPUSDC | +0.0104% | 4h | 0.09372 | −0.084% | $29K | $268K | 10x | as long as short |
| BloFin ESP-USDT | +0.0122% | 4h | 0.09385 | +0.053% | $122K | $35K | 25x | as long as short |
| BingX ESP-USDTlong | +0.3690% | 4h | 0.09380 | long leg | — | $1.7M | — |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BloFin ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.3709% | 4h | 0.09371 | −0.096% | $1.1M | $584K | 50x | as long as short |
Bybit ESPUSDT