Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.004%
Price spread now: MEXC against BloFin−0.060%94s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as 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−$790.791% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.060%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.020%). Swap the legs. The two prices were read 94 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 MMT-USDT | 0.1663 | 0.0126 | pay 0.0063% / 4h | 41m 37s | $389K | $9K | 50x |
| Short | MEXC MMT_USDT | 0.1662 | 0.0100 | get 0.0050% / 4h | 41m 37s | $485K | $153K | 20x |
BloFin MMT-USDT
MEXC MMT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$5.49
- Price spread: −0.060% → −0.020%
- −$3.97
- Slippage, 4 orders
- −$59.12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$88.58
- Costs to cover
- 0.791%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 59 min ago; MEXC: live order book, 8 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, 59 min ago | 2.98 bp | 19.3 bp −$19 | 78.1 bp −$781 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 8 min ago | 3.01 bp | 16.8 bp −$17 | 53.4 bp −$534 | 245.7 bp −$24.6K | 907.2 bp −$453.6K |
MMT on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MMTUSDT | +0.0100% | 4h | 0.1661 | −0.135% | $3K | $31K | 5x | as long as short |
| Binance MMTUSDT | +0.0100% | 4h | 0.1662 | −0.030% | $5.5M | $4.0M | 50x | as long as short |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1661 | −0.132% | $1.5M | $795K | 25x | as long as short |
| OKX MMT-USDT-SWAP | +0.0100% | 4h | 0.1659 | −0.241% | $1.6M | $2.4M | 20x | as long as short |
| MEXC MMT_USDTshort | +0.0100% | 4h | 0.1662 | −0.060% | $485K | $153K | 20x | |
| KuCoin MMTUSDTM | +0.0100% | 4h | 0.1661 | −0.138% | $599K | $83K | 50x | as long as short |
| Bitget MMTUSDT | +0.0100% | 4h | 0.1662 | −0.060% | $1.4M | $438K | 50x | as long as short |
| BingX MMT-USDT | +0.0100% | 4h | 0.1661 | −0.120% | — | $6.5M | — | as long as short |
| Variational Omni MMT | +0.0100% | 4h | 0.1663 | −0.018% | $379 | $5K | — | as long as short |
| BloFin MMT-USDTlong | +0.0126% | 4h | 0.1663 | long leg | $389K | $9K | 50x |
Aster MMTUSDT
Binance MMTUSDT
Bybit MMTUSDT
OKX MMT-USDT-SWAP
KuCoin MMTUSDTM
Bitget MMTUSDT
BingX MMT-USDT
Variational Omni MMTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MMT_USDT | +0.0300% | 8h | 0.1661 | −0.120% | $558K | $222K | 50x | as long as short |
Gate MMT_USDT