Funding you earn now, next payment 00:00 UTC−0.0204%/8h= −22.3% APRnext payment −$2.04 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX−0.098%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 7 days+0.088%+$9 · spread now −0.098%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.107% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.04 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 FET-USDT | 0.2043 | 0.0304 | pay 0.0304% / 8h | 29m 01s | — | $5.7M | — |
| Short | MEXC FET_USDT | 0.2041 | 0.0100 | get 0.0100% / 8h | 29m 01s | $34.5M | $25.0M | 200x |
BingX FET-USDT
MEXC FET_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
- −$42.84
- Price spread: −0.098% → +0.009%
- −$10.72
- Slippage, 4 orders
- −$19.8
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$83.36
- Costs to cover
- 0.298%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 5 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 | 4.90 bp | 11.3 bp −$11 | 16.6 bp −$166 | 52.8 bp −$5,279 | 392.2 bp −$196.1K |
| Sell MEXC live order book, 5 min ago | 2.45 bp | 3.2 bp −$3 | 9.1 bp −$91 | 46.1 bp −$4,612 | 189.9 bp −$95.0K |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.2678% | 1h | 0.2043 | 0.000% | $28K | $201K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2043 | 0.000% | $153K | $202K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0477% | 1h | 0.2043 | +0.006% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2042 | −0.066% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.615% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0057% | 8h | 0.2041 | −0.098% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2043 | +0.001% | $339K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2042 | −0.039% | $31.8M | $108.6M | 75x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2041 | −0.098% | $34.5M | $25.0M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2042 | −0.049% | $10.5M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2043 | +0.013% | $299K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2042 | −0.049% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2042 | −0.041% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2041 | −0.094% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2041 | −0.098% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDTlong | +0.0304% | 8h | 0.2043 | long leg | — | $5.7M | — | |
| OKX FET-USDT-SWAP | +0.0309% | 4h | 0.2047 | +0.196% | $984K | $7.9M | 20x | as long as short |
| Bitget FETUSDT | +0.0314% | 8h | 0.2044 | +0.049% | $16.5M | $11.5M | 75x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2043 | +0.020% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0561% | 1h | 0.2045 | +0.098% | $9.1M | $8.0M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET
Hyperliquid FET