Funding you earn now, next payment 00:00 UTC+0.0724%/8h= +79.3% APRnext payment +$3.62 per $10,000 · paid last 24h +0.122%
Price spread now: MEXC against Bitget−0.183%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1511.505% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.183%, 7d avg +0.043%
=Funding pays, the price is against you. MEXC is 0.226% cheaper against Bitget than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of +0.043%). If the spread goes back, that is −$23 on $10k: about 25 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.338% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.338% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.62 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 | Bitget MUSDT | 1.4720 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $1.9M | $347K | 10x |
| Short | MEXC M_USDT | 1.4693 | 0.0824 | get 0.0412% / 4h | 1h 51m | $246K | $109K | 50x |
Bitget MUSDT
MEXC M_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. 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
- $152.04
- Price spread: −0.183% → +0.043%
- −$22.64
- Slippage, 4 orders
- −$134.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$21.13
- Costs to cover
- 1.505%
- Break-even
- 8.0 days
Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 22 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 Bitget live order book, 1 min ago | 6.11 bp | 36.5 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 22 min ago | 0.68 bp | 24.0 bp −$24 | 47.4 bp −$474 | 130.2 bp −$13.0K | 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 | 1.4684 | −0.245% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4692 | −0.190% | $2.0M | $884K | 10x | as long as short |
| Bitget MUSDTlong | +0.0100% | 4h | 1.4720 | long leg | $1.9M | $347K | 10x | |
| Variational Omni M | +0.0100% | 4h | 1.4740 | +0.138% | $90K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4716 | −0.027% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4694 | −0.177% | $2K | $554K | 20x | as long as short |
| Aster MUSDT | +0.0509% | 4h | 1.4711 | −0.059% | $15K | $116K | 5x | as long as short |
| BingX M-USDT | +0.0780% | 4h | 1.4680 | −0.272% | — | $2.4M | — | as long as short |
| KuCoin MUSDTM | +0.0794% | 4h | 1.4610 | −0.745% | $1.4M | $4.4M | 10x | as long as short |
| MEXC M_USDTshort | +0.0824% | 4h | 1.4693 | −0.183% | $246K | $109K | 50x |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
KuCoin MUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0826% | 4h | 1.4732 | +0.082% | $350K | $408K | 10x | as long as short |
| Binance MUSDT | +0.0829% | 4h | 1.4695 | −0.168% | $5.5M | $4.5M | 10x | as long as short |
BloFin M-USDT
Binance MUSDT