Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.034%
Price spread now: MEXC against BingX−0.215%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1091.092% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.215%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.198% cheaper against BingX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX O-USDT | 0.5581 | 0.0384 | pay 0.0192% / 4h | 1h 42m | — | $1.6M | — |
| Short | MEXC O_USDT | 0.5569 | 0.0366 | get 0.0183% / 4h | 1h 42m | $961K | $176K | 50x |
BingX O-USDT
MEXC O_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
- −$3.78
- Price spread: −0.215% → −0.017%
- −$19.75
- Slippage, 4 orders
- −$91.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$132.69
- Costs to cover
- 1.092%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; MEXC: live order book, 13 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 | 8.06 bp | 35.6 bp −$36 | 263.2 bp −$2,632 | 976.0 bp −$97.6K | 1229.6 bp −$614.8K |
| Sell MEXC live order book, 13 min ago | 6.29 bp | 13.8 bp −$14 | 74.9 bp −$749 | 466.7 bp −$46.7K | doesn't fit |
O 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate O_USDT | +0.0100% | 4h | 0.5569 | −0.215% | $1.5M | $509K | 20x | as long as short |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5565 | −0.287% | $1.2M | $733K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5565 | −0.287% | $1.6M | $316K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5578 | −0.062% | $3K | $535 | — | as long as short |
| Aster OUSDT | +0.0253% | 4h | 0.5569 | −0.213% | $19K | $50K | 3x | as long as short |
| Binance OUSDT | +0.0261% | 4h | 0.5574 | −0.126% | $4.7M | $1.9M | 10x | as long as short |
| BloFin O-USDT | +0.0328% | 4h | 0.5562 | −0.340% | $238K | $6K | 20x | as long as short |
| Bybit OUSDT | +0.0353% | 4h | 0.5571 | −0.179% | $707K | $925K | 20x | as long as short |
| OKX O-USDT-SWAP | +0.0362% | 4h | 0.5574 | −0.125% | $1.5M | $1.1M | 10x | as long as short |
| MEXC O_USDTshort | +0.0366% | 4h | 0.5569 | −0.215% | $961K | $176K | 50x |
Gate O_USDT
KuCoin OUSDTM
Bitget OUSDT
Variational Omni O
Aster OUSDT
Binance OUSDT
BloFin O-USDT
Bybit OUSDT
OKX O-USDT-SWAPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX O-USDTlong | +0.0384% | 4h | 0.5581 | long leg | — | $1.6M | — |