Funding you earn now, next payment 02:00 UTC−0.1120%/8h= −122.6% APRnext payment −$1.40 per $10,000 · paid last 24h −0.475%
Price spread now: Bitget against MEXC+1.120%7-day average −0.331% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$1471.469% of the position
Funding, last 7 days−0.184%−$18 on $10k
+Price spread, last 7 days−1.757%−$176 · spread now +1.120%, 7d avg −0.331%
=The price spread pays, funding is against you. Bitget is 1.451% dearer against MEXC than usual: you sell high and buy low (spread +1.120% now, against its 7-day average of −0.331%): +$145 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.184% in total) that is about 55 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.184% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.40 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 ONE_USDT | 0.004509 | −0.0680 | get 0.0085% / 1h | 54m 17s | $11.9M | $16.3M | 20x |
| Short | Bitget ONEUSDT | 0.004560 | −0.1800 | pay 0.0225% / 1h | 54m 17s | $2.0M | $35.7M | 20x |
MEXC ONE_USDT
Bitget ONEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$235.2
- Price spread: +1.120% → −0.331%
- $145.14
- Slippage, 4 orders
- −$130.86
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$236.93
- Costs to cover
- 1.469%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 9 min ago; Bitget: 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, 9 min ago | 0.11 bp | 31.2 bp −$31 | 67.1 bp −$671 | 261.2 bp −$26.1K | doesn't fit |
| Sell Bitget live order book, 5 min ago | 3.77 bp | 35.9 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
ONE on 9 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 ONE_USDT | −0.1903% | 8h | 0.004476 | −0.743% | $1.8M | $16.2M | 20x | as long as short |
| Bitget ONEUSDTshort | −0.1800% | 1h | 0.004560 | +1.120% | $2.0M | $35.7M | 20x | |
| Aster ONEUSDT | −0.1706% | 1h | 0.004492 | −0.392% | $2.4M | $6.6M | 5x | as long as short |
| BloFin ONE-USDT | −0.1646% | 1h | 0.004453 | −1.242% | $816K | $3.2M | 50x | as long as short |
| MEXC ONE_USDTlong | −0.0680% | 1h | 0.004509 | long leg | $11.9M | $16.3M | 20x | |
| Binance ONEUSDT | −0.0675% | 1h | 0.004515 | +0.118% | $15.5M | $357.2M | 50x | as long as short |
| Variational Omni ONE | −0.0393% | 1h | 0.004503 | −0.145% | $109K | $55K | — | as long as short |
| BingX ONE-USDT | −0.0064% | 1h | 0.004515 | +0.118% | — | $6.5M | — | as long as short |
| KuCoin ONEUSDTM | +0.5656% | 1h | 0.004720 | +4.668% | $4.8M | $13.1M | 30x | as long as short |
Gate ONE_USDT
Aster ONEUSDT
BloFin ONE-USDT
Binance ONEUSDT
Variational Omni ONE
BingX ONE-USDT
KuCoin ONEUSDTM