Funding you earn now, next payment 04:00 UTC+0.6410%/8h= +701.9% APRnext payment +$32.05 per $10,000 · paid last 24h +0.334%
Price spread now: MEXC against BingX−0.076%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days+0.325%+$33 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now −0.076%, 7d avg −0.039%
=Funding pays, the price is against you. MEXC is 0.037% cheaper against BingX than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.039%). If the spread goes back, that is −$4 on $10k: about under an hour of funding at the current rate (+$192 a day). At the pace of the last 7 days (+0.325% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.325% in total (about 17.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$32.05 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KERNEL-USDT | 0.06615 | −2.0348 | get 1.0174% / 4h | 58m 06s | — | $7.3M | — |
| Short | MEXC KERNEL_USDT | 0.06610 | −1.3938 | pay 0.6969% / 4h | 58m 06s | $1.2M | $2.5M | 20x |
BingX KERNEL-USDT
MEXC KERNEL_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
- $1,346.1
- Price spread: −0.076% → −0.039%
- −$3.66
- Slippage, 4 orders
- −$48.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $1,280.11
- Costs to cover
- 0.623%
- Break-even
- 0.3 days
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 4 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, 10 min ago | 7.60 bp | 23.9 bp −$24 | 68.2 bp −$682 | 395.1 bp −$39.5K | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.27 bp | 9.5 bp −$10 | 18.4 bp −$184 | 198.3 bp −$19.8K | 518.1 bp −$259.0K |
KERNEL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KERNELUSDT | −2.2561% | 4h | 0.06669 | +0.816% | $2.4M | $13.9M | 20x | as long as short |
| BingX KERNEL-USDTlong | −2.0348% | 4h | 0.06615 | long leg | — | $7.3M | — | |
| Variational Omni KERNEL | −1.9602% | 4h | 0.06640 | +0.380% | $13K | $37K | — | as long as short |
| KuCoin KERNELUSDTM | −1.4498% | 4h | 0.06594 | −0.317% | $281K | $531K | 30x | as long as short |
| Binance KERNELUSDT | −1.4037% | 4h | 0.06638 | +0.348% | $4.3M | $67.0M | 25x | as long as short |
| MEXC KERNEL_USDTshort | −1.3938% | 4h | 0.06610 | −0.076% | $1.2M | $2.5M | 20x | |
| Gate KERNEL_USDT | −1.3326% | 4h | 0.06619 | +0.060% | $356K | $1.8M | 50x | as long as short |
| Bitget KERNELUSDT | −1.3064% | 4h | 0.06604 | −0.166% | $1.1M | $7.4M | 25x | as long as short |
Bybit KERNELUSDT
Variational Omni KERNEL
KuCoin KERNELUSDTM
Binance KERNELUSDT
Gate KERNEL_USDT
Bitget KERNELUSDT