Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.001%
Price spread now: BingX against BloFin−0.066%81s7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as 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−$910.909% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 3 days (all we have)−1.506%−$151 · spread now −0.066%, 7d avg −0.147%
=The price spread pays, funding is against you. BingX is 0.082% dearer against BloFin than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.147%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.7 days. The two prices were read 81 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 MEGA-USDT | 0.04569 | 0.0128 | pay 0.0064% / 4h | 3h 19m | $198K | $78K | 50x |
| Short | BingX MEGA-USDT | 0.04566 | 0.0100 | get 0.0050% / 4h | 3h 19m | — | $1.7M | — |
BloFin MEGA-USDT
BingX MEGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$5.91
- Price spread: −0.066% → −0.147%
- $8.15
- Slippage, 4 orders
- −$68.87
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$88.63
- Costs to cover
- 0.909%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 45 min ago; BingX: live order book, 12 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, 45 min ago | 1.11 bp | 11.1 bp −$11 | 65.1 bp −$651 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 16.49 bp | 27.6 bp −$28 | 91.9 bp −$919 | 703.5 bp −$70.3K | 1232.1 bp −$616.0K |
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 | −1.720% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04570 | +0.023% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04575 | +0.131% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0040% | 1h | 0.04567 | −0.044% | $197K | $137K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04571 | +0.037% | $20K | $87K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04561 | −0.179% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04570 | +0.029% | $4.0M | $13.2M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04567 | −0.044% | $3.5M | $5.3M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04565 | −0.088% | $932K | $3.0M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04570 | +0.022% | $200K | $313K | 20x | 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
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04571 | +0.044% | $846K | $361K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04571 | +0.044% | $240K | $116K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04569 | 0.000% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDTshort | +0.0100% | 4h | 0.04566 | −0.066% | — | $1.7M | — | |
| Variational Omni MEGA | +0.0100% | 4h | 0.04564 | −0.115% | $322K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04567 | −0.044% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04570 | +0.022% | $25K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04570 | +0.022% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04569 | 0.000% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04540 | −0.631% | $134K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04568 | −0.023% | $132K | $819K | 5x | as long as short |
| BloFin MEGA-USDTlong | +0.0128% | 4h | 0.04569 | long leg | $198K | $78K | 50x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04566 | −0.070% | $3 | — | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0209% | 1h | 0.04573 | +0.088% | $18K | $41K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04569 | −0.004% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0912% | 1h | 0.04591 | +0.482% | $646K | $325K | 3x | as long as short |
| Hyperliquid MEGA | +0.1059% | 1h | 0.04582 | +0.287% | $7.8M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2398% | 1h | 0.04582 | +0.287% | $111 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Backpack MEGA_USDC_PERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL