Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.060%
Price spread now: BingX against MEXC−0.055%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$770.770% of the position
Funding, last 7 days−0.680%−$68 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.055%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.091% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC LONGXIA_USDT | 0.2352 | 0.0100 | pay 0.0050% / 4h | 27m 36s | $1.8M | $1.4M | 50x |
| Short | BingX LONGXIA-USDT | 0.2350 | 0.0070 | get 0.0035% / 4h | 27m 36s | — | $2.2M | — |
MEXC LONGXIA_USDT
BingX LONGXIA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.3
- Price spread: −0.055% → +0.036%
- −$9.12
- Slippage, 4 orders
- −$62.95
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$92.37
- Costs to cover
- 0.770%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; BingX: 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 MEXC live order book, 4 min ago | 1.27 bp | 18.5 bp −$18 | 53.6 bp −$536 | 215.8 bp −$21.6K | 770.8 bp −$385.4K |
| Sell BingX live order book, 5 min ago | 4.42 bp | 21.0 bp −$21 | 78.7 bp −$787 | 259.4 bp −$25.9K | doesn't fit |
LONGXIA on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX LONGXIA-USDTshort | +0.0070% | 4h | 0.2350 | −0.055% | — | $2.2M | — | |
| Bybit LONGXIAUSDT | +0.0100% | 4h | 0.2348 | −0.153% | $742K | $7.3M | 10x | as long as short |
| MEXC LONGXIA_USDTlong | +0.0100% | 4h | 0.2352 | long leg | $1.8M | $1.4M | 50x | |
| KuCoin LONGXIAUSDTM | +0.0596% | 4h | 0.2352 | +0.031% | $38.4M | $4.0M | 10x | as long as short |
Bybit LONGXIAUSDT
KuCoin LONGXIAUSDTM