Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.028%
Price spread now: BloFin against MEXC+0.098%49s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as 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−$340.341% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 3 days (all we have)−0.194%−$19 · spread now +0.098%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.098% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 49 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 | MEXC ICP_USDT | 3.0490 | 0.0100 | pay 0.0100% / 8h | 48m 22s | $19.4M | $9.1M | 50x |
| Short | BloFin ICP-USDT | 3.0520 | 0.0220 | get 0.0220% / 8h | 48m 22s | $1.2M | $2.3M | 75x |
MEXC ICP_USDT
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: +0.098% → 0.000%
- $9.79
- Slippage, 4 orders
- −$22.06
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $0.93
- Costs to cover
- 0.341%
- Break-even
- 6.7 days
Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago | 1.64 bp | 1.6 bp −$2 | 10.5 bp −$105 | 70.4 bp −$7,037 | 146.9 bp −$73.4K |
| Sell BloFin live order book, 5 min ago | 1.65 bp | 16.9 bp −$17 | 23.6 bp −$236 | 75.1 bp −$7,507 | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1611% | 8h | 3.0390 | −0.328% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0407% | 1h | 3.0426 | −0.210% | $271 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0150% | 8h | 3.0556 | +0.217% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0034% | 8h | 3.0440 | −0.164% | $2.0M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0521 | +0.102% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0444 | −0.149% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.706% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0515 | +0.082% | $161K | $450K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0523 | +0.107% | $217K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0511 | +0.069% | $138K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0435 | −0.182% | $30.1M | $51.0M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0410 | −0.262% | $18.0M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0420 | −0.230% | $6.2M | $16.7M | 50x | as long as short |
| MEXC ICP_USDTlong | +0.0100% | 8h | 3.0490 | long leg | $19.4M | $9.1M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0480 | −0.033% | $5.2M | $13.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0440 | −0.164% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0420 | −0.230% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0535 | +0.148% | $24K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0587 | +0.318% | $586K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0460 | −0.098% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0530 | +0.131% | $108K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0434 | −0.184% | $26K | $118K | 10x | as long as short |
| Hyperliquid ICP | +0.0156% | 1h | 3.0535 | +0.148% | $4.8M | $5.0M | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0170% | 1h | 3.0541 | +0.169% | $496K | $532K | 50x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 3.0520 | +0.098% | $1.2M | $2.3M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0620 | +0.426% | $64K | $90K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0548% / S −0.0540% | 1h | 3.0472 | −0.060% | $41K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Hyperliquid ICP
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]