Funding you earn now, next payment 08:00 UTC−0.0488%/8h= −53.4% APRnext payment −$2.44 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against MEXC−0.107%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$950.947% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 7 days+0.174%+$17 · spread now −0.107%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Binance is 0.109% cheaper against MEXC than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC O_USDT | 0.5591 | 0.0588 | pay 0.0294% / 4h | 46m 38s | $956K | $167K | 50x |
| Short | Binance OUSDT | 0.5585 | 0.0100 | get 0.0050% / 4h | 46m 38s | $4.7M | $2.2M | 10x |
MEXC O_USDT
Binance OUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$102.48
- Price spread: −0.107% → +0.002%
- −$10.91
- Slippage, 4 orders
- −$76.72
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$208.11
- Costs to cover
- 0.947%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 49 min ago; Binance: live order book, 5 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, 49 min ago | 2.70 bp | 12.7 bp −$13 | 73.8 bp −$738 | 443.0 bp −$44.3K | doesn't fit |
| Sell Binance live order book, 5 min ago | 5.38 bp | 32.8 bp −$33 | 318.4 bp −$3,184 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OUSDT | +0.0100% | 4h | 0.5585 | −0.100% | $20K | $53K | 3x | as long as short |
| Binance OUSDTshort | +0.0100% | 4h | 0.5585 | −0.107% | $4.7M | $2.2M | 10x | |
| Gate O_USDT | +0.0100% | 4h | 0.5579 | −0.215% | $1.5M | $607K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5587 | −0.072% | $1.6M | $371K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5580 | −0.189% | $3K | $518 | — | as long as short |
| KuCoin OUSDTM | +0.0146% | 4h | 0.5585 | −0.107% | $1.3M | $636K | 20x | as long as short |
| BloFin O-USDT | +0.0349% | 4h | 0.5585 | −0.107% | $241K | $6K | 20x | as long as short |
| Bybit OUSDT | +0.0360% | 4h | 0.5586 | −0.089% | $701K | $981K | 20x | as long as short |
| BingX O-USDT | +0.0584% | 4h | 0.5584 | −0.125% | — | $1.6M | — | as long as short |
| MEXC O_USDTlong | +0.0588% | 4h | 0.5591 | long leg | $956K | $167K | 50x |
Aster OUSDT
Gate O_USDT
Bitget OUSDT
Variational Omni O
KuCoin OUSDTM
BloFin O-USDT
Bybit OUSDT
BingX O-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX O-USDT-SWAP | +0.0588% | 4h | 0.5589 | −0.036% | $1.5M | $1.2M | 10x | as long as short |
OKX O-USDT-SWAP