Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.002%
Price spread now: MEXC against BloFin+0.095%109s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.417% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.095%, 7d avg −0.003%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.098% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ESP-USDT | 0.09468 | 0.0055 | pay 0.0027% / 4h | 1h 37m | $126K | $33K | 25x |
| Short | MEXC ESP_USDT | 0.09477 | 0.0100 | get 0.0050% / 4h | 1h 37m | $1.3M | $126K | 20x |
BloFin ESP-USDT
MEXC ESP_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.51
- Price spread: +0.095% → −0.003%
- $9.77
- Slippage, 4 orders
- −$25.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$22.4
- Costs to cover
- 0.417%
- Break-even
- 23.5 days
Slippage from BloFin: live order book, 34 min ago; MEXC: live order book, 3 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, 34 min ago | 0.53 bp | 13.0 bp −$13 | 35.8 bp −$358 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.53 bp | 4.4 bp −$4 | 34.2 bp −$342 | 344.6 bp −$34.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ESP-USDTlong | +0.0055% | 4h | 0.09468 | long leg | $126K | $33K | 25x | |
| Aster ESPUSDT | +0.0100% | 4h | 0.09477 | +0.093% | $7K | $17K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09477 | +0.090% | $2.4M | $4.0M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09485 | +0.180% | $602K | $1.1M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09483 | +0.158% | $189K | $599K | 50x | as long as short |
| MEXC ESP_USDTshort | +0.0100% | 4h | 0.09477 | +0.095% | $1.3M | $126K | 20x | |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09483 | +0.158% | $1.5M | $40K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09481 | +0.137% | $953K | $136K | 20x | as long as short |
| edgeX ESPUSDC | +0.0108% | 4h | 0.09463 | −0.057% | $29K | $267K | 10x | as long as short |
| BingX ESP-USDT | +0.0522% | 4h | 0.09478 | +0.106% | — | $1.7M | — | as long as short |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.0632% | 4h | 0.09463 | −0.053% | $1.1M | $650K | 50x | as long as short |
Bybit ESPUSDT