HOOKED

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXHOOKED-USDT	0.0008730	−0.0194	get 0.0097% / 4h	1h 27m	$930K	$375K	—	Long BingX
SHORT	MEXCHOOKED_USDT	0.0008730	+0.0400	get 0.0200% / 4h	1h 27m	$126K	$491K	20x	Short MEXC

Price gap0.000%

Funding gap+0.0594% /8h

Both sides work: funding pays +$18 a day on $10k, and the gap is 0.100% above its 7d average: +$10 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$10+0.0594% /8h now · paid +0.095% over the last 7D

Price+$10spread 0.000% now, avg −0.100% → +0.100% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs+$19+0.19%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.095% in total, about +0.0045%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now0.000%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HOOKED on 3 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than BingX’s order book right now.
Note: Margin at max leverage— + $500
BingX —, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$17.82Long BingX: 6 payments, +$5.82; short MEXC: 6 payments, +$12.00.
OK: Entry gap works for you0.000% vs −0.100%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$126K vs $930K OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · MEXC Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0045%/8h × 21 periods+$9.52

Price spread0.000% → −0.100% (7d avg)+$9.97

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee BingX bp × 2 orders−$10.00

Fee MEXC bp × 2 orders−$8.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: BingX: live order book, 7 min ago; MEXC: live order book, 47 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX51.05doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTMEXC41.64247.4 bp−$247doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

HOOKED news

posts that mention HOOKED, from every exchangeSearch all news →

10-08 04:11	BingX	Listing	new market HOOKED-USDT ($HOOKED) seen by our collector
10-04 11:03	Gate	Other	Trade $HOOKED: Trade $HOOKR: @Gate on X ↗
10-04 11:03	Gate	Listing	Gate Futures New Listing: $HOOKED, $HOOKR 🔹 Trading Pairs: $HOOKED / $USDT, $HOOKR / $USDT 🔹 Trading Starts: Now Open 🔹 Supports 1 – 10x Leverage, Bots and Copy Trading More details: @Gate on X ↗
10-04 07:54	MEXC	Listing	new market HOOKED_USDT ($HOOKED) seen by our collector
10-03 13:38	Gate	Listing	new market HOOKED_USDT ($HOOKED) seen by our collector