FORM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.029%

Price spread now: MEXC against BingX+0.115%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days−0.172%−$17 · spread now +0.115%, 7d avg −0.047%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.162% dearer against BingX than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of −0.047%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.030% in total) that is about 38 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 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 FORM-USDT	0.3475	0.0340	pay 0.0170% / 4h	1h 17m	—	$3.7M	—
Short	MEXC FORM_USDT	0.3479	0.0100	get 0.0050% / 4h	1h 17m	$2.0M	$9.1M	100x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee MEXCbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$50.4
Price spread: +0.115% → −0.047%: $16.19
Slippage, 4 orders: −$40.77
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$88.99
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from BingX: live order book, 7 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, 7 min ago	4.32 bp	22.0 bp −$22	72.1 bp −$721	353.8 bp −$35.4K	961.4 bp −$480.7K
Sell MEXC live order book, 5 min ago	1.43 bp	8.4 bp −$8	98.1 bp −$981	281.3 bp −$28.1K	doesn't fit

FORM on 10 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
gTrade (Gains Network) FORM/USD	L −0.0007% / S +0.0008%	1h	0.3478	+0.074%	—	—	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3479	+0.115%	$44K	$857K	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3479	+0.115%	$18.7M	$155.7M	50x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3475	0.000%	$748K	$4.5M	50x	as long as short
MEXC FORM_USDTshort	+0.0100%	4h	0.3479	+0.115%	$2.0M	$9.1M	100x
Bitget FORMUSDT	+0.0100%	4h	0.3475	0.000%	$1.2M	$9.2M	50x	as long as short
BloFin FORM-USDT	+0.0130%	4h	0.3485	+0.288%	$1.0M	$384K	50x	as long as short
KuCoin FORMUSDTM	+0.0142%	4h	0.3485	+0.288%	$405K	$1.1M	30x	as long as short
BingX FORM-USDTlong	+0.0340%	4h	0.3475	long leg	—	$3.7M	—
Bybit FORMUSDT	+0.0382%	4h	0.3482	+0.213%	$2.3M	$12.8M	20x	as long as short