Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h +0.087%
Price spread now: BingX against MEXC−0.045%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1441.440% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.045%, 7d avg −0.074%
=The price spread pays, funding is against you. BingX is 0.030% dearer against MEXC than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.074%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC FHE_USDT | 0.02240 | 0.0628 | pay 0.0314% / 4h | 27m 41s | $849K | $299K | 50x |
| Short | BingX FHE-USDT | 0.02239 | 0.0596 | get 0.0298% / 4h | 27m 41s | — | $6.5M | — |
MEXC FHE_USDT
BingX FHE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- −$6.72
- Price spread: −0.045% → −0.074%
- $2.96
- Slippage, 4 orders
- −$130
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$147.76
- Costs to cover
- 1.440%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 27 min ago; BingX: live order book, 8 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 MEXC live order book, 27 min ago | 6.70 bp | 20.1 bp −$20 | 108.2 bp −$1,082 | 232.6 bp −$23.3K | 545.0 bp −$272.5K |
| Sell BingX live order book, 8 min ago | 6.72 bp | 47.1 bp −$47 | 170.2 bp −$1,702 | 975.7 bp −$97.6K | doesn't fit |
FHE on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate FHE_USDT | +0.0100% | 8h | 0.02238 | −0.089% | $620K | $75K | 10x | as long as short |
| Bybit FHEUSDT | +0.0344% | 4h | 0.02237 | −0.134% | $1.6M | $490K | 13x | as long as short |
| Aster FHEUSDT | +0.0456% | 4h | 0.02242 | +0.076% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDTshort | +0.0596% | 4h | 0.02239 | −0.045% | — | $6.5M | — | |
| Binance FHEUSDT | +0.0623% | 4h | 0.02241 | +0.052% | $3.0M | $1.4M | 10x | as long as short |
| MEXC FHE_USDTlong | +0.0628% | 4h | 0.02240 | long leg | $849K | $299K | 50x | |
| Extended FHE-USD | +0.0632% | 1h | 0.02240 | +0.017% | $4K | $101K | 5x | as long as short |
| KuCoin FHEUSDTM | +0.1146% | 4h | 0.02241 | +0.045% | $639K | $9.7M | 10x | as long as short |
Gate FHE_USDT
Bybit FHEUSDT
Aster FHEUSDT
Binance FHEUSDT
Extended FHE-USD
KuCoin FHEUSDTM