Funding you earn now, next payment 12:00 UTC+0.0250%/8h= +27.4% APRnext payment +$1.25 per $10,000 · paid last 24h +0.038%
Price spread now: BingX against MEXC0.000%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1041.041% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.25 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC GWEI_USDT | 0.02374 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $129K | $92K | 20x |
| Short | BingX GWEI-USDT | 0.02374 | 0.0350 | get 0.0175% / 4h | 1h 57m | — | $1.6M | — |
MEXC GWEI_USDT
BingX GWEI-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
- $52.5
- Price spread: 0.000% → +0.003%
- −$0.35
- Slippage, 4 orders
- −$90.12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$51.96
- Costs to cover
- 1.041%
- Break-even
- 13.9 days
Slippage from MEXC: live order book, 45 min ago; BingX: live order book, 3 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, 45 min ago | 4.22 bp | 25.8 bp −$26 | 117.9 bp −$1,179 | 368.6 bp −$36.9K | doesn't fit |
| Sell BingX live order book, 3 min ago | 6.32 bp | 28.9 bp −$29 | 100.2 bp −$1,002 | 693.3 bp −$69.3K | 1094.3 bp −$547.1K |
GWEI on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin GWEI-USDT | +0.0088% | 4h | 0.02374 | 0.000% | $170K | $45K | 50x | as long as short |
| Binance GWEIUSDT | +0.0100% | 4h | 0.02375 | +0.025% | $2.6M | $5.2M | 50x | as long as short |
| Bybit GWEIUSDT | +0.0100% | 4h | 0.02374 | 0.000% | $401K | $284K | 25x | as long as short |
| Gate GWEI_USDT | +0.0100% | 4h | 0.02368 | −0.257% | $409K | $589K | 10x | as long as short |
| MEXC GWEI_USDTlong | +0.0100% | 4h | 0.02374 | long leg | $129K | $92K | 20x | |
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02374 | −0.013% | $466K | $35K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02371 | −0.129% | $5K | $1K | — | as long as short |
| Extended GWEI-USD | +0.0104% | 1h | 0.02374 | +0.008% | $6K | $218K | 5x | as long as short |
| Bitget GWEIUSDT | +0.0332% | 4h | 0.02371 | −0.126% | $2.0M | $496K | 20x | as long as short |
| BingX GWEI-USDTshort | +0.0350% | 4h | 0.02374 | 0.000% | — | $1.6M | — |
BloFin GWEI-USDT
Binance GWEIUSDT
Bybit GWEIUSDT
Gate GWEI_USDT
KuCoin GWEIUSDTM
Variational Omni GWEI
Extended GWEI-USD
Bitget GWEIUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.0904% | 4h | 0.02374 | −0.016% | $19K | $28K | 10x | as long as short |
Aster GWEIUSDT