Funding you earn now, next payment 00:00 UTC−0.0312%/8h= −34.2% APRnext payment −$1.56 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against BingX−0.055%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 7 days+0.129%+$13 · spread now −0.055%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.031% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). 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 −$1.56 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 FF-USDT | 0.1274 | 0.0100 | pay 0.0050% / 4h | 59m 22s | — | $7.0M | — |
| Short | MEXC FF_USDT | 0.1273 | −0.0212 | pay 0.0106% / 4h | 59m 22s | $10.1M | $1.9M | 50x |
BingX FF-USDT
MEXC FF_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
- −$65.52
- Price spread: −0.055% → −0.024%
- −$3.05
- Slippage, 4 orders
- −$30.45
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$113.02
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; MEXC: live order book, 4 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, 3 min ago | 2.36 bp | 15.0 bp −$15 | 47.5 bp −$475 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.39 bp | 7.5 bp −$8 | 25.0 bp −$250 | 209.8 bp −$21.0K | doesn't fit |
FF 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC FF_USDTshort | −0.0212% | 4h | 0.1273 | −0.055% | $10.1M | $1.9M | 50x | |
| Binance FFUSDT | −0.0212% | 4h | 0.1274 | −0.031% | $43.1M | $41.1M | 20x | as long as short |
| BloFin FF-USDT | −0.0185% | 4h | 0.1273 | −0.078% | $2.3M | $412K | 20x | as long as short |
| Bybit FFUSDT | −0.0018% | 4h | 0.1274 | −0.031% | $14.3M | $10.2M | 20x | as long as short |
| Aster FFUSDT | +0.0100% | 4h | 0.1275 | +0.053% | $1.2M | $31K | 5x | as long as short |
| Gate FF_USDT | +0.0100% | 4h | 0.1275 | +0.071% | $26.9M | $2.1M | 50x | as long as short |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1276 | +0.165% | $8.6M | $6.4M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1275 | +0.055% | $18.5M | $3.1M | 5x | as long as short |
| BingX FF-USDTlong | +0.0100% | 4h | 0.1274 | long leg | — | $7.0M | — | |
| SunX FF-USDT | +0.0100% | 4h | 0.1273 | −0.055% | $2K | $2.5M | 20x | as long as short |
Binance FFUSDT
BloFin FF-USDT
Bybit FFUSDT
Aster FFUSDT
Gate FF_USDT
KuCoin FFUSDTM
Bitget FFUSDT
SunX FF-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FF | +0.0144% | 1h | 0.1277 | +0.259% | $135K | $42K | 3x | as long as short |
Lighter FF