Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h +0.005%
Price spread now: BingX against MEXC+0.082%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$750.746% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.082%, 7d avg −0.024%
=The price spread pays, funding is against you. BingX is 0.106% dearer against MEXC than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.024%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.071%, 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 GMT_USDT | 0.008554 | 0.0100 | pay 0.0050% / 4h | 51m 29s | $444K | $206K | 20x |
| Short | BingX GMT-USDT | 0.008561 | 0.0050 | get 0.0025% / 4h | 51m 29s | — | $1.3M | — |
MEXC GMT_USDT
BingX GMT-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
- −$10.5
- Price spread: +0.082% → −0.024%
- $10.57
- Slippage, 4 orders
- −$60.6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$74.54
- Costs to cover
- 0.746%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 54 min ago; BingX: live order book, 7 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, 54 min ago | 1.17 bp | 8.6 bp −$9 | 58.9 bp −$589 | 260.7 bp −$26.1K | doesn't fit |
| Sell BingX live order book, 7 min ago | 1.18 bp | 34.6 bp −$35 | 58.2 bp −$582 | 481.8 bp −$48.2K | 870.2 bp −$435.1K |
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 | −0.1472% | 1h | 0.008576 | +0.261% | $45K | $14K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0608% | 4h | 0.008590 | +0.421% | $281K | $191K | 50x | as long as short |
| Bybit GMTUSDT | −0.0393% | 8h | 0.008563 | +0.105% | $1.1M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0348% | 4h | 0.008548 | −0.070% | $394K | $1.2M | 20x | as long as short |
| Aster GMTUSDT | −0.0072% | 4h | 0.008561 | +0.085% | $7K | $22K | 10x | as long as short |
| Variational Omni GMT | −0.0030% | 8h | 0.008581 | +0.317% | $4K | $5K | — | as long as short |
| Bitget GMTUSDT | +0.0028% | 4h | 0.008556 | +0.023% | $674K | $647K | 50x | as long as short |
| BingX GMT-USDTshort | +0.0050% | 4h | 0.008561 | +0.082% | — | $1.3M | — | |
| Gate GMT_USDT | +0.0082% | 8h | 0.008590 | +0.421% | $147K | $173K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008555 | +0.012% | $114K | $152K | 3x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Aster GMTUSDT
Variational Omni GMT
Bitget GMTUSDT
Gate GMT_USDT
Hyperliquid GMTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance GMTUSDT | +0.0100% | 4h | 0.008561 | +0.082% | $2.9M | $5.2M | 50x | as long as short |
| MEXC GMT_USDTlong | +0.0100% | 4h | 0.008554 | long leg | $444K | $206K | 20x |
Binance GMTUSDT