Funding you earn now, next payment 04:00 UTC−0.0676%/8h= −74.0% APRnext payment −$3.38 per $10,000 · paid last 24h −0.025%
Price spread now: MEXC against BingX0.000%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1011.014% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now 0.000%, 7d avg −0.037%
=The price spread pays, funding is against you. MEXC is 0.037% dearer against BingX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.037%): +$4 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.039% in total) that is about 6.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.38 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 | BingX OPENLEDGER-USDT | 0.1443 | 0.0776 | pay 0.0388% / 4h | 1h 42m | — | $6.5M | — |
| Short | MEXC OPENLEDGER_USDT | 0.1443 | 0.0100 | get 0.0050% / 4h | 1h 42m | $266K | $112K | 100x |
BingX OPENLEDGER-USDT
MEXC OPENLEDGER_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
- −$141.96
- Price spread: 0.000% → −0.037%
- $3.67
- Slippage, 4 orders
- −$87.42
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$239.71
- Costs to cover
- 1.014%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 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, 8 min ago | 6.93 bp | 28.7 bp −$29 | 115.0 bp −$1,150 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 3.47 bp | 20.9 bp −$21 | 61.6 bp −$616 | 252.0 bp −$25.2K | doesn't fit |
OPENLEDGER on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC OPENLEDGER_USDTshort | +0.0100% | 4h | 0.1443 | 0.000% | $266K | $112K | 100x | |
| BingX OPENLEDGER-USDTlong | +0.0776% | 4h | 0.1443 | long leg | — | $6.5M | — |