Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.018%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$820.824% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.018%, 7d avg −0.010%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INITUSDT | 0.08272 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $3.4M | $3.6M | 25x |
| Short | MEXC INIT_USDT | 0.08271 | 0.0100 | get 0.0050% / 4h | 3h 20m | $449K | $220K | 20x |
Binance INITUSDT
MEXC INIT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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
- $0
- Price spread: −0.018% → −0.010%
- −$0.8
- Slippage, 4 orders
- −$68.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$83.24
- Costs to cover
- 0.824%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; MEXC: live order book, 44 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 Binance live order book, 1 min ago | 2.42 bp | 25.7 bp −$26 | 116.5 bp −$1,165 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 44 min ago | 0.61 bp | 11.8 bp −$12 | 72.2 bp −$722 | 238.7 bp −$23.9K | doesn't fit |
INIT on 13 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 INIT-USDT | +0.0045% | 4h | 0.08281 | +0.103% | $154K | $112K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08274 | +0.024% | $301K | $233K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08268 | −0.053% | $27K | $37K | 5x | as long as short |
| Binance INITUSDTlong | +0.0100% | 4h | 0.08272 | long leg | $3.4M | $3.6M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08264 | −0.103% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08277 | +0.055% | $137K | $641K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08270 | −0.030% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDTshort | +0.0100% | 4h | 0.08271 | −0.018% | $449K | $220K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08265 | −0.091% | $329K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08267 | −0.066% | $430K | $303K | 25x | as long as short |
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08272 | −0.006% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08255 | −0.210% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0192% | 1h | 0.08273 | +0.004% | $5K | $17K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD