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: BingX against MEXC0.000%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2522.519% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.095%+$9 · spread now 0.000%, 7d avg +0.059%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.059% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NEX_USDT | 0.000001085 | 0.0100 | pay 0.0050% / 4h | 33m 31s | $116K | $96K | 20x |
| Short | BingX 10000NEX-USDT | 0.000001085 | 0.0070 | get 0.0035% / 4h | 33m 31s | — | $1.6M | — |
MEXC NEX_USDT
BingX 10000NEX-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
- −$6.3
- Price spread: 0.000% → +0.059%
- −$5.89
- Slippage, 4 orders
- −$237.87
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$264.06
- Costs to cover
- 2.519%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 61 min ago; BingX: live order book, 14 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 MEXC live order book, 61 min ago | 9.21 bp | 54.6 bp −$55 | 189.8 bp −$1,898 | 874.1 bp −$87.4K | 33483.6 bp −$16.74M |
| Sell BingX live order book, 14 min ago | 9.22 bp | 66.2 bp −$66 | 442.7 bp −$4,427 | 1020.7 bp −$102.1K | 1274.7 bp −$637.4K |
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-USDTshort | +0.0070% | 4h | 0.000001085 | 0.000% | — | $1.6M | — | |
| Aster 1000NEXUSDT | +0.0100% | 1h | 0.000001079 | −0.589% | $2K | $925 | 3x | as long as short |
| Bybit 10000NEXUSDT | +0.0100% | 4h | 0.000001085 | 0.000% | $353K | $40K | 10x | as long as short |
| MEXC NEX_USDTlong | +0.0100% | 4h | 0.000001085 | long leg | $116K | $96K | 20x | |
| KuCoin NEXUSDTM | +0.0100% | 4h | 0.000001082 | −0.276% | $164K | $624K | 10x | as long as short |
| Bitget 10000NEXUSDT | +0.0100% | 4h | 0.000001085 | 0.000% | $120K | $40K | 20x | as long as short |
Aster 1000NEXUSDT
Bybit 10000NEXUSDT
KuCoin NEXUSDTM
Bitget 10000NEXUSDT