Funding you earn now, next payment 12:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against Binance+0.046%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1221.223% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.046%, 7d avg −0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.058% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FHEUSDT | 0.02178 | 0.0719 | pay 0.0359% / 4h | 2h 21m | $2.9M | $1.5M | 10x |
| Short | MEXC FHE_USDT | 0.02179 | 0.0718 | get 0.0359% / 4h | 2h 21m | $789K | $330K | 50x |
Binance FHEUSDT
MEXC FHE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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
- −$0.12
- Price spread: +0.046% → −0.012%
- $5.83
- Slippage, 4 orders
- −$108.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$116.62
- Costs to cover
- 1.223%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; MEXC: live order book, 25 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 Binance live order book, 7 min ago | 2.30 bp | 37.8 bp −$38 | 472.4 bp −$4,724 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 25 min ago | 6.89 bp | 24.3 bp −$24 | 94.3 bp −$943 | 245.6 bp −$24.6K | 532.1 bp −$266.0K |
FHE on 8 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit FHEUSDT | +0.0100% | 4h | 0.02173 | −0.230% | $1.5M | $531K | 13x | as long as short |
| Gate FHE_USDT | +0.0100% | 8h | 0.02172 | −0.275% | $599K | $63K | 10x | as long as short |
| KuCoin FHEUSDTM | +0.0100% | 4h | 0.02175 | −0.138% | $634K | $8.3M | 10x | as long as short |
| Aster FHEUSDT | +0.0450% | 4h | 0.02177 | −0.061% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0702% | 4h | 0.02173 | −0.230% | — | $6.5M | — | as long as short |
| MEXC FHE_USDTshort | +0.0718% | 4h | 0.02179 | +0.046% | $789K | $330K | 50x | |
| Binance FHEUSDTlong | +0.0719% | 4h | 0.02178 | long leg | $2.9M | $1.5M | 10x | |
| Extended FHE-USD | +0.0720% | 1h | 0.02178 | +0.016% | $4K | $204K | 5x | as long as short |
Bybit FHEUSDT
Gate FHE_USDT
KuCoin FHEUSDTM
Aster FHEUSDT
BingX FHE-USDT
Extended FHE-USD