Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against MEXC−0.265%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$275as in the Funding arb table
Net, price: spread back to 7d avg − costs−$295as in the Price arb table
costs, in and out, $10k−$2742.737% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 7 days+0.221%+$22 · spread now −0.265%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.215% cheaper against MEXC than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NAORIS_USDT | 0.03769 | 0.0640 | pay 0.0320% / 4h | 3h 55m | $4.4M | $214K | 100x |
| Short | BingX NAORIS-USDT | 0.03759 | 0.0622 | get 0.0311% / 4h | 3h 55m | — | $1.3M | — |
MEXC NAORIS_USDT
BingX NAORIS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$3.78
- Price spread: −0.265% → −0.050%
- −$21.54
- Slippage, 4 orders
- −$255.75
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$299.07
- Costs to cover
- 2.737%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; BingX: live order book, just now.
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, 2 min ago | 25.20 bp | 53.4 bp −$53 | 82.9 bp −$829 | 117.8 bp −$11.8K | 436.8 bp −$218.4K |
| Sell BingX live order book, just now | 9.30 bp | 63.4 bp −$63 | 312.7 bp −$3,127 | 1347.0 bp −$134.7K | doesn't fit |
NAORIS 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NAORISUSDT | +0.0100% | 4h | 0.03764 | −0.133% | $1.1M | $450K | 20x | as long as short |
| Gate NAORIS_USDT | +0.0100% | 4h | 0.03753 | −0.425% | $293K | $14K | 20x | as long as short |
| KuCoin NAORISUSDTM | +0.0100% | 4h | 0.03765 | −0.106% | $444K | $28K | 10x | as long as short |
| Bitget NAORISUSDT | +0.0100% | 4h | 0.03774 | +0.133% | $3.4M | $216K | 10x | as long as short |
| Variational Omni NAORIS | +0.0100% | 4h | 0.03764 | −0.137% | $77K | $24K | — | as long as short |
| Aster NAORISUSDT | +0.0419% | 4h | 0.03759 | −0.277% | $5K | $5K | 5x | as long as short |
| BingX NAORIS-USDTshort | +0.0622% | 4h | 0.03759 | −0.265% | — | $1.3M | — | |
| Extended NAORIS-USD | +0.0640% | 1h | 0.03763 | −0.161% | $5K | $104K | 5x | as long as short |
| MEXC NAORIS_USDTlong | +0.0640% | 4h | 0.03769 | long leg | $4.4M | $214K | 100x | |
| Binance NAORISUSDT | +0.0641% | 4h | 0.03764 | −0.133% | $5.0M | $1.2M | 10x | as long as short |
Bybit NAORISUSDT
Gate NAORIS_USDT
KuCoin NAORISUSDTM
Bitget NAORISUSDT
Variational Omni NAORIS
Aster NAORISUSDT
Extended NAORIS-USD
Binance NAORISUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NAORIS-USDT | +0.0661% | 4h | 0.03756 | −0.345% | $289K | $11K | 10x | as long as short |
BloFin NAORIS-USDT