Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.004%
Price spread now: BingX against MEXC−0.055%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$880.876% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.055%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.043% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC M_USDT | 1.4516 | 0.1044 | pay 0.0522% / 4h | 1h 12m | $247K | $112K | 50x |
| Short | BingX M-USDT | 1.4508 | 0.0974 | get 0.0487% / 4h | 1h 12m | — | $2.4M | — |
MEXC M_USDT
BingX M-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
- −$14.7
- Price spread: −0.055% → −0.012%
- −$4.34
- Slippage, 4 orders
- −$73.57
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$106.61
- Costs to cover
- 0.876%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 61 min ago; BingX: live order book, 2 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, 61 min ago | 0.68 bp | 23.0 bp −$23 | 50.1 bp −$501 | 132.0 bp −$13.2K | doesn't fit |
| Sell BingX live order book, 2 min ago | 7.58 bp | 20.1 bp −$20 | 79.8 bp −$798 | doesn't fit | 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 | 1.4504 | −0.083% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4497 | −0.131% | $1.9M | $915K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4517 | +0.007% | $1.9M | $352K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4527 | +0.074% | $89K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4525 | +0.062% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4525 | +0.062% | $2K | $575K | 20x | as long as short |
| Aster MUSDT | +0.0697% | 4h | 1.4527 | +0.073% | $14K | $114K | 5x | as long as short |
| KuCoin MUSDTM | +0.0908% | 4h | 1.4390 | −0.866% | $1.4M | $4.4M | 10x | as long as short |
| BingX M-USDTshort | +0.0974% | 4h | 1.4508 | −0.055% | — | $2.4M | — | |
| MEXC M_USDTlong | +0.1044% | 4h | 1.4516 | long leg | $247K | $112K | 50x |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
KuCoin MUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.1046% | 4h | 1.4512 | −0.028% | $5.5M | $4.6M | 10x | as long as short |
| BloFin M-USDT | +0.1087% | 4h | 1.4515 | −0.007% | $348K | $412K | 10x | as long as short |
Binance MUSDT
BloFin M-USDT