IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against MEXC+0.201%64s7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$900.897% of the position

Long on MEXC Short on BloFin

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)−0.248%−$25 · spread now +0.201%, 7d avg +0.095%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.105% dearer against MEXC than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of +0.095%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IO_USDT	0.1496	0.0100	pay 0.0050% / 4h	2h 56m	$1.2M	$227K	125x
Short	BloFin IO-USDT	0.1499	0.0077	get 0.0038% / 4h	2h 56m	$194K	$39K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$4.91
Price spread: +0.201% → +0.095%: $10.5
Slippage, 4 orders: −$73.75
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$84.16
Costs to cover: 0.897%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 24 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, 5 min ago	3.36 bp	20.2 bp −$20	172.8 bp −$1,728	332.7 bp −$33.3K	doesn't fit
Sell BloFin live order book, 24 min ago	6.65 bp	30.0 bp −$30	76.3 bp −$763	479.7 bp −$48.0K	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
BloFin IO-USDTshort	+0.0077%	4h	0.1499	+0.201%	$194K	$39K	50x
Hyperliquid IO	+0.0100%	1h	0.1499	+0.194%	$1.0M	$364K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1498	+0.122%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1499	+0.201%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1497	+0.074%	$1.1M	$900K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1497	+0.074%	$229K	$439K	50x	as long as short
MEXC IO_USDTlong	+0.0100%	4h	0.1496	long leg	$1.2M	$227K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1497	+0.067%	$353K	$624K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1501	+0.334%	$1.4M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1498	+0.134%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1490	−0.418%	$30K	$16K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1498	+0.148%	$3K	$219K	5x	as long as short
Injective IO/USDC PERP	+0.0619%	1h	0.1494	−0.134%	$2K	$198	5.5x	as long as short
Kraken Futures PF_IOUSD	+2.7452%	1h	0.1490	−0.368%	$38K	$10K	10x	as long as short