Funding you earn now, next payment 04:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.24 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against BingX+0.067%66s7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as 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−$900.902% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 3 days (all we have)+1.505%+$151 · spread now +0.067%, 7d avg +0.147%
=Funding pays, the price is against you. BloFin is 0.080% cheaper against BingX than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.147%). If the spread goes back, that is −$8 on $10k: about 5.5 days of funding at the current rate (+$1 a day). The two prices were read 66 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 | BingX MEGA-USDT | 0.04498 | 0.0100 | pay 0.0050% / 4h | 3h 46m | — | $1.7M | — |
| Short | BloFin MEGA-USDT | 0.04501 | 0.0149 | get 0.0074% / 4h | 3h 46m | $195K | $76K | 50x |
BingX MEGA-USDT
BloFin MEGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $10.28
- Price spread: +0.067% → +0.147%
- −$8.05
- Slippage, 4 orders
- −$68.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.01
- Costs to cover
- 0.902%
- Break-even
- 66.9 days
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 18 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 BingX live order book, 6 min ago | 15.51 bp | 26.8 bp −$27 | 90.4 bp −$904 | 922.2 bp −$92.2K | 1385.1 bp −$692.6K |
| Sell BloFin live order book, 18 min ago | 1.11 bp | 23.9 bp −$24 | 82.2 bp −$822 | doesn't fit | doesn't fit |
MEGA on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0048% | 1h | 0.04490 | −0.169% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04498 | +0.003% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04522 | +0.534% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0080% | 1h | 0.04505 | +0.156% | $196K | $136K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04502 | +0.080% | $20K | $86K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04506 | +0.182% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04501 | +0.067% | $3.9M | $13.1M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04499 | +0.022% | $3.5M | $5.2M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04497 | −0.022% | $919K | $3.0M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04510 | +0.267% | $133K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04499 | +0.022% | $196K | $312K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04499 | +0.022% | $834K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04502 | +0.089% | $237K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04498 | 0.000% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDTlong | +0.0100% | 4h | 0.04498 | long leg | — | $1.7M | — | |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04502 | +0.089% | $18K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04503 | +0.107% | $317K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04508 | +0.230% | $28K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04507 | +0.200% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04498 | 0.000% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04500 | +0.044% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04498 | −0.009% | $126K | $705K | 5x | as long as short |
| BloFin MEGA-USDTshort | +0.0149% | 4h | 0.04501 | +0.067% | $195K | $76K | 50x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04500 | +0.040% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04500 | +0.053% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0776% | 1h | 0.04522 | +0.534% | $636K | $320K | 3x | as long as short |
| Hyperliquid MEGA | +0.0853% | 1h | 0.04514 | +0.347% | $7.7M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2373% | 1h | 0.04511 | +0.280% | $109 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL