Funding you earn now, next payment 04:00 UTC−0.1198%/8h= −131.2% APRnext payment −$5.99 per $10,000 · paid last 24h −0.169%
Price spread now: SunX against MEXC+0.147%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$289as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2492.492% of the position
Funding, last 7 days−0.396%−$40 on $10k
+Price spread, last 4 days (all we have)+0.212%+$21 · spread now +0.147%, 7d avg +0.110%
=The price spread pays, funding is against you. SunX is 0.038% dearer against MEXC than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.110%): +$4 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.396% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.396% in total (about -20.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.99 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 | 1.4241 | 0.1298 | pay 0.0649% / 4h | 1h 39m | $240K | $105K | 50x |
| Short | SunX M-USDT | 1.4262 | 0.0100 | get 0.0050% / 4h | 1h 39m | $2K | $729K | 20x |
MEXC M_USDT
SunX M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$251.58
- Price spread: +0.147% → +0.110%
- $3.77
- Slippage, 4 orders
- −$237.25
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$497.06
- Costs to cover
- 2.492%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; SunX: live order book, 62 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, 5 min ago | 2.09 bp | 39.3 bp −$39 | 57.9 bp −$579 | 154.3 bp −$15.4K | doesn't fit |
| Sell SunX live order book, 62 min ago | 33.52 bp | 64.5 bp −$65 | 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 | 1.4252 | +0.077% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4231 | −0.070% | $1.9M | $895K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4233 | −0.056% | $1.8M | $248K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4246 | +0.033% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4245 | +0.028% | $2K | $496 | 10x | as long as short |
| SunX M-USDTshort | +0.0100% | 4h | 1.4262 | +0.147% | $2K | $729K | 20x | |
| Aster MUSDT | +0.0978% | 4h | 1.4230 | −0.075% | $16K | $93K | 5x | as long as short |
| BingX M-USDT | +0.1230% | 4h | 1.4231 | −0.070% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.1271% | 4h | 1.4238 | −0.021% | $353K | $433K | 10x | as long as short |
| Binance MUSDT | +0.1278% | 4h | 1.4234 | −0.048% | $5.5M | $3.7M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
BingX M-USDT
BloFin M-USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDTlong | +0.1298% | 4h | 1.4241 | long leg | $240K | $105K | 50x | |
| KuCoin MUSDTM | +0.2822% | 4h | 1.4118 | −0.867% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM