Funding you earn now, next payment 08:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.28 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against BloFin−0.257%64s7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as 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−$1161.158% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.257%, 7d avg +0.031%
=Funding pays, the price is against you. MEXC is 0.288% cheaper against BloFin than usual: you would sell low and buy high (spread −0.257% now, against its 7-day average of +0.031%). If the spread goes back, that is −$29 on $10k: about 17 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.018% in total) that is about 4 months. 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 | BloFin M-USDT | 1.3616 | 0.0817 | pay 0.0408% / 4h | 2h 18m | $347K | $442K | 10x |
| Short | MEXC M_USDT | 1.3581 | 0.0872 | get 0.0436% / 4h | 2h 18m | $228K | $109K | 50x |
BloFin M-USDT
MEXC M_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- $11.56
- Price spread: −0.257% → +0.031%
- −$28.77
- Slippage, 4 orders
- −$99.82
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$133.03
- Costs to cover
- 1.158%
- Break-even
- 87.6 days
Slippage from BloFin: live order book, 8 min ago; MEXC: live order book, 11 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 BloFin live order book, 8 min ago | 10.29 bp | 24.1 bp −$24 | 85.5 bp −$855 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 11 min ago | 1.84 bp | 29.4 bp −$29 | 45.6 bp −$456 | 146.4 bp −$14.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3586 | −0.220% | $1.8M | $914K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3595 | −0.154% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3631 | +0.110% | $2K | $828K | 20x | as long as short |
| Bitget MUSDT | +0.0286% | 4h | 1.3604 | −0.088% | $1.8M | $247K | 10x | as long as short |
| Bybit MUSDT | +0.0460% | 4h | 1.3590 | −0.191% | $4.2M | $1.8M | 20x | as long as short |
| Aster MUSDT | +0.0581% | 4h | 1.3589 | −0.195% | $14K | $83K | 5x | as long as short |
| Variational Omni M | +0.0755% | 4h | 1.3600 | −0.120% | $84K | $43K | — | as long as short |
| BloFin M-USDTlong | +0.0817% | 4h | 1.3616 | long leg | $347K | $442K | 10x | |
| BingX M-USDT | +0.0844% | 4h | 1.3586 | −0.220% | — | $2.4M | — | as long as short |
| MEXC M_USDTshort | +0.0872% | 4h | 1.3581 | −0.257% | $228K | $109K | 50x |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
Bybit MUSDT
Aster MUSDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.0883% | 4h | 1.3584 | −0.235% | $5.4M | $3.9M | 10x | as long as short |
| KuCoin MUSDTM | +0.2270% | 4h | 1.3464 | −1.113% | $1.4M | $3.8M | 10x | as long as short |
Binance MUSDT
KuCoin MUSDTM