Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h −0.003%
Price spread now: MEXC against BingX−0.070%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$660.661% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.070%, 7d avg +0.024%
=Funding pays, the price is against you. MEXC is 0.095% cheaper against BingX than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of +0.024%). If the spread goes back, that is −$9 on $10k: about 6.3 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GMT-USDT | 0.008515 | 0.0050 | pay 0.0025% / 4h | 3h 12m | — | $1.3M | — |
| Short | MEXC GMT_USDT | 0.008509 | 0.0100 | get 0.0050% / 4h | 3h 12m | $431K | $210K | 20x |
BingX GMT-USDT
MEXC GMT_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
- $10.5
- Price spread: −0.070% → +0.024%
- −$9.48
- Slippage, 4 orders
- −$52.06
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$65.04
- Costs to cover
- 0.661%
- Break-even
- 50.4 days
Slippage from BingX: live order book, 3 min ago; MEXC: live order book, 23 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 | 6.46 bp | 22.3 bp −$22 | 58.9 bp −$589 | 606.9 bp −$60.7K | 893.0 bp −$446.5K |
| Sell MEXC live order book, 23 min ago | 1.17 bp | 8.4 bp −$8 | 44.9 bp −$449 | 259.1 bp −$25.9K | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1575% | 1h | 0.008530 | +0.170% | $44K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0486% | 8h | 0.008511 | −0.047% | $1.1M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0451% | 4h | 0.008505 | −0.117% | $397K | $1.2M | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0378% | 4h | 0.008510 | −0.059% | $275K | $177K | 50x | as long as short |
| Variational Omni GMT | −0.0301% | 8h | 0.008514 | −0.017% | $4K | $5K | — | as long as short |
| Aster GMTUSDT | −0.0056% | 4h | 0.008519 | +0.051% | $7K | $22K | 10x | as long as short |
| Bitget GMTUSDT | −0.0012% | 4h | 0.008515 | 0.000% | $673K | $610K | 50x | as long as short |
| BingX GMT-USDTlong | +0.0050% | 4h | 0.008515 | long leg | — | $1.3M | — | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008514 | −0.012% | $112K | $150K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008509 | −0.070% | $2.9M | $5.2M | 50x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
OKX GMT-USDT-SWAP
KuCoin GMTUSDTM
Variational Omni GMT
Aster GMTUSDT
Bitget GMTUSDT
Hyperliquid GMT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008520 | +0.059% | $145K | $178K | 50x | as long as short |
| MEXC GMT_USDTshort | +0.0100% | 4h | 0.008509 | −0.070% | $431K | $210K | 20x |
Gate GMT_USDT