Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against MEXC−0.321%49s7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$600.599% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.364%+$36 · spread now −0.321%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.359% cheaper against MEXC than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.039%). Swap the legs. 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 ID_USDT | 0.03744 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $345K | $137K | 20x |
| Short | BloFin ID-USDT | 0.03732 | 0.0050 | get 0.0025% / 4h | 2h 28m | $162K | $11K | 50x |
MEXC ID_USDT
BloFin ID-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
- −$10.53
- Price spread: −0.321% → +0.039%
- −$35.94
- Slippage, 4 orders
- −$43.95
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$106.42
- Costs to cover
- 0.599%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 54 min ago; BloFin: live order book, 53 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, 54 min ago | 4.03 bp | 10.3 bp −$10 | 22.8 bp −$228 | 118.4 bp −$11.8K | 222.8 bp −$111.4K |
| Sell BloFin live order book, 53 min ago | 2.68 bp | 24.6 bp −$25 | 57.2 bp −$572 | doesn't fit | doesn't fit |
ID on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ID-USDTshort | +0.0050% | 4h | 0.03732 | −0.321% | $162K | $11K | 50x | |
| Aster IDUSDT | +0.0100% | 4h | 0.03745 | +0.018% | $9K | $2K | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03736 | −0.214% | $2.4M | $3.3M | 50x | as long as short |
| Bybit IDUSDT | +0.0100% | 8h | 0.03735 | −0.240% | $1.4M | $1.0M | 25x | as long as short |
| Gate ID_USDT | +0.0100% | 4h | 0.03741 | −0.080% | $259K | $229K | 25x | as long as short |
| MEXC ID_USDTlong | +0.0100% | 4h | 0.03744 | long leg | $345K | $137K | 20x | |
| Bitget IDUSDT | +0.0100% | 4h | 0.03740 | −0.107% | $775K | $561K | 50x | as long as short |
| BingX ID-USDT | +0.0100% | 4h | 0.03740 | −0.107% | — | $2.3M | — | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03732 | −0.312% | $12K | $20K | — | as long as short |
| KuCoin IDUSDTM | +0.0242% | 4h | 0.03740 | −0.107% | $1.0M | $61K | 30x | as long as short |
Aster IDUSDT
Binance IDUSDT
Bybit IDUSDT
Gate ID_USDT
Bitget IDUSDT
BingX ID-USDT
Variational Omni ID
KuCoin IDUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | +0.0442% | 1h | 0.03738 | −0.171% | $4K | $2K | 10x | as long as short |
Kraken Futures PF_IDUSD