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Funding arb · Price arb /

FF

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0338%/8h= −37.0% APRnext payment −$1.69 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against Aster−0.106%7-day average −0.298% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1101.095% of the position
Long on AsterShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.076%−$8 on $10k
Price spread, last 7 days−0.007%−$1 · spread now −0.106%, 7d avg −0.298%
Together, before fees−0.083%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.193% dearer against Aster than usual: you sell high and buy low (spread −0.106% now, against its 7-day average of −0.298%): +$19 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 5 days (−0.076% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.076% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster FFUSDT0.12760.0100pay 0.0050% / 4h12m 05s$1.2M$23K5x
ShortMEXC FF_USDT0.1274−0.0238pay 0.0119% / 4h12m 05s$10.1M$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
−$70.98
Price spread: −0.106% → −0.298%
$19.26
Slippage, 4 orders
−$97.55
Fee Aster: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$161.27
Costs to cover
1.095%
Break-even
never at this rate
Slippage from Aster: live order book, 1 min ago; MEXC: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago7.45 bp74.3 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 1 min ago0.79 bp6.3 bp −$636.5 bp −$365228.5 bp −$22.9Kdoesn't fit

FF on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin FF-USDT−0.0274%4h0.1274−0.137%$2.3M$314K20xas long as short
Binance FFUSDT−0.0239%4h0.1274−0.122%$43.1M$25.5M20xas long as short
MEXC FF_USDTshort−0.0238%4h0.1274−0.106%$10.1M$1.9M50x
Bybit FFUSDT−0.0097%4h0.1275−0.035%$14.3M$6.9M20xas long as short
Aster FFUSDTlong+0.0100%4h0.1276long leg$1.2M$23K5x
Gate FF_USDT+0.0100%4h0.1276+0.027%$26.9M$2.1M50xas long as short
KuCoin FFUSDTM+0.0100%4h0.1277+0.122%$8.7M$5.6M20xas long as short
Bitget FFUSDT+0.0100%4h0.1274−0.098%$18.5M$1.7M5xas long as short
BingX FF-USDT+0.0100%4h0.1274−0.106%—$6.8M—as long as short
SunX FF-USDT+0.0100%4h0.1273−0.184%$2K$1.7M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter FF+0.0352%1h0.1278+0.223%$135K$42K3xas long as short