Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX+0.011%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$760.763% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 5 days (all we have)−0.018%−$2 · spread now +0.011%, 7d avg +0.055%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.044% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INIT-USDT | 0.08885 | 0.0100 | pay 0.0050% / 4h | 2h 18m | — | $6.6M | — |
| Short | MEXC INIT_USDT | 0.08886 | 0.0100 | get 0.0050% / 4h | 2h 18m | $431K | $102K | 20x |
BingX INIT-USDT
MEXC INIT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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: +0.011% → +0.055%
- −$4.36
- Slippage, 4 orders
- −$62.26
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$80.62
- Costs to cover
- 0.763%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 29 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 BingX live order book, 6 min ago | 5.63 bp | 24.0 bp −$24 | 27.1 bp −$271 | 215.1 bp −$21.5K | 590.9 bp −$295.4K |
| Sell MEXC live order book, 29 min ago | 1.13 bp | 11.7 bp −$12 | 71.8 bp −$718 | 247.2 bp −$24.7K | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.1005% | 1h | 0.08882 | −0.039% | $6K | $9K | 10x | as long as short |
| BloFin INIT-USDT | +0.0091% | 4h | 0.08888 | +0.034% | $166K | $25K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08896 | +0.125% | $326K | $115K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08887 | +0.025% | $29K | $4K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08888 | +0.033% | $3.7M | $2.3M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08874 | −0.124% | $1.5M | $1.1M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08893 | +0.090% | $159K | $473K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08857 | −0.315% | $84K | $11K | 25x | as long as short |
| MEXC INIT_USDTshort | +0.0100% | 4h | 0.08886 | +0.011% | $431K | $102K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08888 | +0.034% | $349K | $41K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
KuCoin INITUSDTMShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08882 | −0.034% | $439K | $203K | 25x | as long as short |
| BingX INIT-USDTlong | +0.0100% | 4h | 0.08885 | long leg | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08880 | −0.053% | $29K | $967 | — | as long as short |
Bitget INITUSDT
Variational Omni INIT