Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: MEXC against BingX−0.092%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2432.433% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.092%, 7d avg −0.059%
=Funding pays, the price is against you. MEXC is 0.033% cheaper against BingX than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.059%). If the spread goes back, that is −$3 on $10k: about 3.7 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 10000NEX-USDT | 0.000001086 | 0.0070 | pay 0.0035% / 4h | 27m 22s | — | $1.6M | — |
| Short | MEXC NEX_USDT | 0.000001085 | 0.0100 | get 0.0050% / 4h | 27m 22s | $116K | $97K | 20x |
BingX 10000NEX-USDT
MEXC NEX_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
- $6.3
- Price spread: −0.092% → −0.059%
- −$3.32
- Slippage, 4 orders
- −$229.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$240.27
- Costs to cover
- 2.433%
- Break-even
- 274.0 days
Slippage from BingX: live order book, 4 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, 4 min ago | 13.82 bp | 67.6 bp −$68 | 256.0 bp −$2,560 | 454.3 bp −$45.4K | 820.3 bp −$410.2K |
| Sell MEXC live order book, 2 min ago | 9.21 bp | 56.9 bp −$57 | 213.0 bp −$2,130 | 799.6 bp −$80.0K | doesn't fit |
NEX on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 10000NEX-USDTlong | +0.0070% | 4h | 0.000001086 | long leg | — | $1.6M | — | |
| Aster 1000NEXUSDT | +0.0100% | 1h | 0.000001078 | −0.740% | $2K | $925 | 3x | as long as short |
| Bybit 10000NEXUSDT | +0.0100% | 4h | 0.000001085 | −0.092% | $353K | $40K | 10x | as long as short |
| MEXC NEX_USDTshort | +0.0100% | 4h | 0.000001085 | −0.092% | $116K | $97K | 20x | |
| KuCoin NEXUSDTM | +0.0100% | 4h | 0.000001080 | −0.552% | $165K | $624K | 10x | as long as short |
| Bitget 10000NEXUSDT | +0.0100% | 4h | 0.000001084 | −0.184% | $120K | $40K | 20x | as long as short |
Aster 1000NEXUSDT
Bybit 10000NEXUSDT
KuCoin NEXUSDTM
Bitget 10000NEXUSDT