Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.030%
Price spread now: BingX against MEXC−0.027%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.027%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.079% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC FORM_USDT | 0.3648 | 0.0100 | pay 0.0050% / 4h | 31m 10s | $1.8M | $8.4M | 100x |
| Short | BingX FORM-USDT | 0.3647 | 0.0070 | get 0.0035% / 4h | 31m 10s | — | $3.5M | — |
MEXC FORM_USDT
BingX FORM-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
- −$6.3
- Price spread: −0.027% → +0.052%
- −$7.92
- Slippage, 4 orders
- −$47.42
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$75.64
- Costs to cover
- 0.614%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; BingX: 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 MEXC live order book, 2 min ago | 2.73 bp | 9.6 bp −$10 | 34.9 bp −$349 | 240.3 bp −$24.0K | doesn't fit |
| Sell BingX live order book, 4 min ago | 6.82 bp | 21.0 bp −$21 | 59.3 bp −$593 | 317.7 bp −$31.8K | 919.8 bp −$459.9K |
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 | 0.3645 | −0.078% | — | — | — | as long as short |
| BingX FORM-USDTshort | +0.0070% | 4h | 0.3647 | −0.027% | — | $3.5M | — | |
| Aster FORMUSDT | +0.0100% | 4h | 0.3650 | +0.063% | $46K | $701K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3649 | +0.027% | $19.6M | $139.6M | 50x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3642 | −0.164% | $790K | $4.2M | 50x | as long as short |
| MEXC FORM_USDTlong | +0.0100% | 4h | 0.3648 | long leg | $1.8M | $8.4M | 100x | |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3653 | +0.137% | $362K | $887K | 30x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3648 | 0.000% | $1.2M | $8.1M | 50x | as long as short |
| BloFin FORM-USDT | +0.0144% | 4h | 0.3646 | −0.055% | $1.1M | $366K | 50x | as long as short |
| Bybit FORMUSDT | +0.0507% | 4h | 0.3651 | +0.079% | $2.5M | $11.8M | 20x | as long as short |
gTrade (Gains Network) FORM/USD
Aster FORMUSDT
Binance FORMUSDT
Gate FORM_USDT
KuCoin FORMUSDTM
Bitget FORMUSDT
BloFin FORM-USDT
Bybit FORMUSDT