Funding you earn now, next payment 00:00 UTC−0.0718%/8h= −78.6% APRnext payment −$3.59 per $10,000 · paid last 24h −0.122%
Price spread now: Bitget against MEXC+0.122%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1461.463% of the position
Funding, last 7 days−0.338%−$34 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.122%, 7d avg −0.042%
=The price spread pays, funding is against you. Bitget is 0.164% dearer against MEXC than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.042%): +$16 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.338% in total) that is about 3.4 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 −$3.59 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 | MEXC M_USDT | 1.4718 | 0.0818 | pay 0.0409% / 4h | 1h 54m | $247K | $109K | 50x |
| Short | Bitget MUSDT | 1.4736 | 0.0100 | get 0.0050% / 4h | 1h 54m | $1.9M | $347K | 10x |
MEXC M_USDT
Bitget MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$150.78
- Price spread: +0.122% → −0.042%
- $16.38
- Slippage, 4 orders
- −$130.28
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$280.67
- Costs to cover
- 1.463%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 19 min ago; Bitget: live order book, 3 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, 19 min ago | 0.68 bp | 23.0 bp −$23 | 50.1 bp −$501 | 132.0 bp −$13.2K | doesn't fit |
| Sell Bitget live order book, 3 min ago | 8.47 bp | 45.0 bp −$45 | doesn't fit | 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 | 1.4706 | −0.082% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4700 | −0.122% | $2.0M | $883K | 10x | as long as short |
| Bitget MUSDTshort | +0.0100% | 4h | 1.4736 | +0.122% | $1.9M | $347K | 10x | |
| Variational Omni M | +0.0100% | 4h | 1.4740 | +0.151% | $90K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4726 | +0.054% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4711 | −0.048% | $2K | $553K | 20x | as long as short |
| Aster MUSDT | +0.0502% | 4h | 1.4743 | +0.167% | $16K | $116K | 5x | as long as short |
| BingX M-USDT | +0.0740% | 4h | 1.4697 | −0.143% | — | $2.4M | — | as long as short |
| KuCoin MUSDTM | +0.0778% | 4h | 1.4610 | −0.737% | $1.4M | $4.4M | 10x | as long as short |
| MEXC M_USDTlong | +0.0818% | 4h | 1.4718 | long leg | $247K | $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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.0822% | 4h | 1.4719 | +0.007% | $5.5M | $4.5M | 10x | as long as short |
| BloFin M-USDT | +0.0825% | 4h | 1.4767 | +0.333% | $350K | $408K | 10x | as long as short |
Binance MUSDT
BloFin M-USDT