Funding you earn now, next payment 00:00 UTC−0.0210%/8h= −23.0% APRnext payment −$1.05 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against BingX−0.075%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$810.809% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 7 days+0.103%+$10 · spread now −0.075%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.072% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.05 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 | BingX MELANIA-USDT | 0.1070 | 0.0310 | pay 0.0155% / 4h | 2h 29m | — | $1.5M | — |
| Short | MEXC MELANIA_USDT | 0.1069 | 0.0100 | get 0.0050% / 4h | 2h 29m | $1.2M | $135K | 100x |
BingX MELANIA-USDT
MEXC MELANIA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$44.1
- Price spread: −0.075% → −0.003%
- −$7.21
- Slippage, 4 orders
- −$66.89
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$132.2
- Costs to cover
- 0.809%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; MEXC: 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 BingX live order book, 8 min ago | 5.13 bp | 30.5 bp −$31 | 112.9 bp −$1,129 | 598.2 bp −$59.8K | 819.2 bp −$409.6K |
| Sell MEXC live order book, 2 min ago | 0.94 bp | 14.3 bp −$14 | 51.9 bp −$519 | 101.9 bp −$10.2K | doesn't fit |
MELANIA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MELANIAUSD | −0.0960% | 1h | 0.1067 | −0.305% | $24K | $2K | 10x | as long as short |
| BloFin MELANIA-USDT | +0.0098% | 4h | 0.1070 | +0.019% | $197K | $5K | 75x | as long as short |
| Hyperliquid MELANIA | +0.0100% | 1h | 0.1068 | −0.131% | $1.6M | $187K | 3x | as long as short |
| Binance MELANIAUSDT | +0.0100% | 4h | 0.1069 | −0.060% | $2.9M | $2.9M | 75x | as long as short |
| Gate MELANIA_USDT | +0.0100% | 4h | 0.1069 | −0.075% | $417K | $64K | 50x | as long as short |
| MEXC MELANIA_USDTshort | +0.0100% | 4h | 0.1069 | −0.075% | $1.2M | $135K | 100x | |
| KuCoin MELANIAUSDTM | +0.0100% | 4h | 0.1068 | −0.168% | $383K | $853K | 30x | as long as short |
| Bitget MELANIAUSDT | +0.0100% | 4h | 0.1069 | −0.075% | $937K | $193K | 50x | as long as short |
| Variational Omni MELANIA | +0.0100% | 4h | 0.1069 | −0.037% | $111K | $1K | — | as long as short |
| Aevo MELANIA-PERP | +0.0104% | 1h | 0.1070 | +0.019% | $245K | — | 3x | as long as short |
Kraken Futures PF_MELANIAUSD
BloFin MELANIA-USDT
Hyperliquid MELANIA
Binance MELANIAUSDT
Gate MELANIA_USDT
KuCoin MELANIAUSDTM
Bitget MELANIAUSDT
Variational Omni MELANIA
Aevo MELANIA-PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MELANIAUSDT | +0.0275% | 4h | 0.1069 | −0.056% | $1.4M | $632K | 20x | as long as short |
| BingX MELANIA-USDTlong | +0.0310% | 4h | 0.1070 | long leg | — | $1.5M | — | |
| Aster MELANIAUSDT | +0.0631% | 4h | 0.1070 | −0.012% | $21K | $14K | 5x | as long as short |
Bybit MELANIAUSDT
Aster MELANIAUSDT