Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.003%
Price spread now: MEXC against BloFin−0.204%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$860.859% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.204%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.190% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin INIT-USDT | 0.08317 | 0.0118 | pay 0.0059% / 4h | 3h 12m | $154K | $112K | 25x |
| Short | MEXC INIT_USDT | 0.08300 | 0.0100 | get 0.0050% / 4h | 3h 12m | $444K | $212K | 20x |
BloFin INIT-USDT
MEXC INIT_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
- −$3.73
- Price spread: −0.204% → −0.015%
- −$18.99
- Slippage, 4 orders
- −$69.9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$108.61
- Costs to cover
- 0.859%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; MEXC: live order book, 28 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, 7 min ago | 5.99 bp | 26.2 bp −$26 | 76.3 bp −$763 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 28 min ago | 4.19 bp | 15.8 bp −$16 | 89.1 bp −$891 | 257.1 bp −$25.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5389% | 1h | 0.08294 | −0.277% | $5K | $24K | 10x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08303 | −0.167% | $310K | $238K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08311 | −0.073% | $28K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08301 | −0.189% | $3.4M | $4.0M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08282 | −0.421% | $1.4M | $1.7M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08301 | −0.192% | $138K | $733K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08304 | −0.156% | $81K | $58K | 25x | as long as short |
| MEXC INIT_USDTshort | +0.0100% | 4h | 0.08300 | −0.204% | $444K | $212K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08300 | −0.204% | $322K | $63K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08291 | −0.313% | $426K | $335K | 25x | as long as short |
Kraken Futures PF_INITUSD
Hyperliquid INIT
Aster INITUSDT
Binance 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 | 0.08294 | −0.277% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08304 | −0.156% | $26K | $15K | — | as long as short |
| BloFin INIT-USDTlong | +0.0118% | 4h | 0.08317 | long leg | $154K | $112K | 25x |
BingX INIT-USDT
Variational Omni INIT