Funding you earn now, next payment 16:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against BloFin+2.590%64s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as 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−$860.862% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)−2.522%−$252 · spread now +2.590%, 7d avg −0.025%
=The price spread pays, funding is against you. MEXC is 2.615% dearer against BloFin than usual: you sell high and buy low (spread +2.590% now, against its 7-day average of −0.025%): +$262 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 months. The two prices were read 64 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 HOT-USDT | 0.0004324 | 0.0154 | pay 0.0154% / 8h | 4h 52m | $150K | $56K | 50x |
| Short | MEXC HOT_USDT | 0.0004436 | 0.0129 | get 0.0129% / 8h | 4h 52m | $410K | $192K | 50x |
BloFin HOT-USDT
MEXC HOT_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
- −$5.17
- Price spread: +2.590% → −0.025%
- $261.52
- Slippage, 4 orders
- −$70.16
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $170.18
- Costs to cover
- 0.862%
- Break-even
- from the start
Slippage from BloFin: live order book, 44 min ago; MEXC: live order book, 45 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, 44 min ago | 4.86 bp | 27.7 bp −$28 | 66.5 bp −$665 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 45 min ago | 2.43 bp | 21.0 bp −$21 | 126.1 bp −$1,261 | 276.2 bp −$27.6K | doesn't fit |
HOT on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HOTUSDTM | +0.0100% | 8h | 0.0004431 | +2.475% | $92K | $51K | 30x | as long as short |
| Bitget HOTUSDT | +0.0100% | 8h | 0.0004433 | +2.521% | $347K | $241K | 25x | as long as short |
| Binance HOTUSDT | +0.0121% | 8h | 0.0004445 | +2.808% | $2.0M | $3.7M | 50x | as long as short |
| MEXC HOT_USDTshort | +0.0129% | 8h | 0.0004436 | +2.590% | $410K | $192K | 50x | |
| BloFin HOT-USDTlong | +0.0154% | 8h | 0.0004324 | long leg | $150K | $56K | 50x |
KuCoin HOTUSDTM
Bitget HOTUSDT
Binance HOTUSDT