Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC+0.096%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1071.071% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.096%, 7d avg +0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.088% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC INIT_USDT | 0.08510 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $439K | $148K | 20x |
| Short | Binance INITUSDT | 0.08518 | 0.0100 | get 0.0050% / 4h | 3h 05m | $3.5M | $2.3M | 25x |
MEXC INIT_USDT
Binance INITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.096% → +0.008%
- $8.81
- Slippage, 4 orders
- −$93.12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$98.31
- Costs to cover
- 1.071%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 14 min ago; Binance: live order book, 1 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, 14 min ago | 5.30 bp | 20.5 bp −$21 | 90.2 bp −$902 | 220.8 bp −$22.1K | 600.8 bp −$300.4K |
| Sell Binance live order book, 1 min ago | 4.11 bp | 34.7 bp −$35 | 117.8 bp −$1,178 | doesn't fit | 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 | −0.0125% | 1h | 0.08503 | −0.080% | $5K | $13K | 10x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08518 | +0.094% | $316K | $132K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08490 | −0.236% | $28K | $7K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08518 | +0.096% | $3.5M | $2.3M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08499 | −0.129% | $1.5M | $1.0M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08513 | +0.035% | $142K | $415K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08488 | −0.259% | $83K | $15K | 25x | as long as short |
| MEXC INIT_USDTlong | +0.0100% | 4h | 0.08510 | long leg | $439K | $148K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08515 | +0.059% | $330K | $36K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08513 | +0.035% | $411K | $202K | 25x | as long as short |
Kraken Futures PF_INITUSD
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 | 0.08499 | −0.129% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08502 | −0.099% | $27K | $10K | — | as long as short |
| BloFin INIT-USDT | +0.0106% | 4h | 0.08515 | +0.059% | $153K | $34K | 25x | as long as short |
BingX INIT-USDT
Variational Omni INIT
BloFin INIT-USDT