Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: MEXC against BloFin−0.414%94s7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1551.552% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)+0.403%+$40 · spread now −0.414%, 7d avg +0.063%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.477% cheaper against BloFin than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of +0.063%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HNT-USDT | 0.4831 | 0.0220 | pay 0.0220% / 8h | 2h 11m | — | $155K | 12x |
| Short | MEXC HNT_USDT | 0.4811 | 0.0100 | get 0.0100% / 8h | 2h 11m | $11.1M | $893K | 100x |
BloFin HNT-USDT
MEXC HNT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$25.2
- Price spread: −0.414% → +0.063%
- −$47.68
- Slippage, 4 orders
- −$143.18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$228.06
- Costs to cover
- 1.552%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; MEXC: live order book, 1 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 BloFin live order book, 3 min ago | 6.21 bp | 49.8 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.11 bp | 25.7 bp −$26 | 90.8 bp −$908 | 449.3 bp −$44.9K | doesn't fit |
HNT on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HNT/USDC PERP | +0.0033% | 1h | 0.4650 | −3.747% | $2K | $17K | 5.5x | as long as short |
| Bybit HNTUSDT | +0.0100% | 8h | 0.4811 | −0.414% | $2.3M | $2.4M | 13x | as long as short |
| Gate HNT_USDT | +0.0100% | 8h | 0.4827 | −0.083% | $299K | $105K | 25x | as long as short |
| MEXC HNT_USDTshort | +0.0100% | 8h | 0.4811 | −0.414% | $11.1M | $893K | 100x | |
| Variational Omni HNT | +0.0100% | 8h | 0.4739 | −1.900% | $20K | $14K | — | as long as short |
| BloFin HNT-USDTlong | +0.0220% | 8h | 0.4831 | long leg | — | $155K | 12x |
Injective HNT/USDC PERP
Bybit HNTUSDT
Gate HNT_USDT
Variational Omni HNT