Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against MEXC+0.091%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs+$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days+0.818%+$82 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.091%, 7d avg +0.035%
=The price spread pays, funding is against you. BingX is 0.056% dearer against MEXC than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.035%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.818%, 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 HIVE_USDT | 0.05502 | 0.0100 | pay 0.0050% / 4h | 26m 56s | $589K | $151K | 20x |
| Short | BingX HIVE-USDT | 0.05507 | 0.0070 | get 0.0035% / 4h | 26m 56s | — | $1.3M | — |
MEXC HIVE_USDT
BingX HIVE-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: +0.091% → +0.035%
- $5.64
- Slippage, 4 orders
- −$33.13
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$47.79
- Costs to cover
- 0.471%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 23 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, 23 min ago | 2.73 bp | 7.4 bp −$7 | 35.4 bp −$354 | 188.3 bp −$18.8K | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.63 bp | 16.4 bp −$16 | 37.7 bp −$377 | 569.1 bp −$56.9K | 981.5 bp −$490.8K |
HIVE on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HIVE-USDTshort | +0.0070% | 4h | 0.05507 | +0.091% | — | $1.3M | — | |
| Binance HIVEUSDT | +0.0100% | 4h | 0.05504 | +0.044% | $1.6M | $1.5M | 25x | as long as short |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05496 | −0.109% | $181K | $26K | 25x | as long as short |
| MEXC HIVE_USDTlong | +0.0100% | 4h | 0.05502 | long leg | $589K | $151K | 20x | |
| KuCoin HIVEUSDTM | +0.0100% | 4h | 0.05508 | +0.109% | $295K | $27K | 30x | as long as short |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05500 | −0.036% | $368K | $156K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05502 | −0.005% | $7K | $88K | 5x | as long as short |
| Bybit HIVEUSDT | +0.0632% | 4h | 0.05507 | +0.091% | $878K | $137K | 25x | as long as short |
Binance HIVEUSDT
Gate HIVE_USDT
KuCoin HIVEUSDTM
Bitget HIVEUSDT
Extended HIVE-USD
Bybit HIVEUSDT