M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0380%/8h= +41.6% APRnext payment +$1.90 per $10,000 · paid last 24h +0.021%

Price spread now: MEXC against Aster−0.059%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2682.679% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.059%, 7d avg +0.007%

Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.066% cheaper against Aster than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.007%). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$11 a day). At the pace of the last 5 days (+0.021% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.021% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.90 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	Aster MUSDT	1.4406	0.0798	pay 0.0399% / 4h	58m 17s	$14K	$114K	5x
Short	MEXC M_USDT	1.4398	0.1178	get 0.0589% / 4h	58m 17s	$245K	$110K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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 AsterbpFee MEXCbpOrdersPrice spread, now −0.059%Rate

Funding earned: $79.72
Price spread: −0.059% → +0.007%: −$6.59
Slippage, 4 orders: −$255.89
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$194.77
Costs to cover: 2.679%
Break-even: 24.1 days

Slippage from Aster: live order book, 17 min ago; MEXC: 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 Aster live order book, 17 min ago	16.49 bp	98.8 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.73 bp	18.5 bp −$19	43.6 bp −$436	98.9 bp −$9,886	doesn't fit

M on 12 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 MUSDT	+0.0100%	4h	1.4398	−0.059%	$4.6M	$2.3M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4384	−0.156%	$1.9M	$903K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4424	+0.122%	$1.9M	$359K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4419	+0.084%	$89K	$42K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4414	+0.052%	$2K	$596	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4409	+0.018%	$2K	$582K	20x	as long as short
Aster MUSDTlong	+0.0798%	4h	1.4406	long leg	$14K	$114K	5x
BingX M-USDT	+0.1064%	4h	1.4409	+0.018%	—	$2.4M	—	as long as short
MEXC M_USDTshort	+0.1178%	4h	1.4398	−0.059%	$245K	$110K	50x
Binance MUSDT	+0.1180%	4h	1.4412	+0.038%	$5.4M	$4.6M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MUSDTM	+0.1192%	4h	1.4259	−1.022%	$1.4M	$4.4M	10x	as long as short
BloFin M-USDT	+0.1229%	4h	1.4447	+0.281%	$349K	$413K	10x	as long as short