IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against BloFin−0.199%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$920.917% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.199%, 7d avg −0.095%

Together, before fees+0.195%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.103% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.095%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IO-USDT	0.1508	0.0134	pay 0.0067% / 4h	3h 31m	$194K	$39K	50x
Short	MEXC IO_USDT	0.1505	0.0100	get 0.0050% / 4h	3h 31m	$1.2M	$230K	125x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee MEXCbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$7.23
Price spread: −0.199% → −0.095%: −$10.34
Slippage, 4 orders: −$75.67
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$109.24
Costs to cover: 0.917%
Break-even: never at this rate

Slippage from BloFin: live order book, 59 min ago; MEXC: live order book, 5 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, 59 min ago	3.29 bp	9.3 bp −$9	54.0 bp −$540	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.32 bp	29.7 bp −$30	183.2 bp −$1,832	355.7 bp −$35.6K	doesn't fit

IO on 14 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
Hyperliquid IO	+0.0100%	1h	0.1506	−0.119%	$1.0M	$366K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1507	−0.066%	$23K	$48K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1506	−0.133%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1504	−0.245%	$1.1M	$897K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1505	−0.186%	$230K	$554K	50x	as long as short
MEXC IO_USDTshort	+0.0100%	4h	0.1505	−0.199%	$1.2M	$230K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1506	−0.133%	$356K	$629K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1508	0.000%	$1.3M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1506	−0.133%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1505	−0.183%	$33K	$14K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1507	−0.096%	$1K	$138K	5x	as long as short
BloFin IO-USDTlong	+0.0134%	4h	0.1508	long leg	$194K	$39K	50x
Injective IO/USDC PERP	+0.0193%	1h	0.1508	0.000%	$2K	$200	5.5x	as long as short
Kraken Futures PF_IOUSD	+1.6670%	1h	0.1507	−0.090%	$39K	$10K	10x	as long as short