Funding you earn now, next payment 04:00 UTC+0.0922%/8h= +101.0% APRnext payment +$4.61 per $10,000 · paid last 24h +0.025%
Price spread now: BingX against MEXC+0.208%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1061.063% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.208%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and BingX is 0.171% dearer against MEXC than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.037%.
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 +$4.61 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 OPENLEDGER_USDT | 0.1443 | 0.0100 | pay 0.0050% / 4h | 2h 29m | $267K | $120K | 100x |
| Short | BingX OPENLEDGER-USDT | 0.1446 | 0.1022 | get 0.0511% / 4h | 2h 29m | — | $6.5M | — |
MEXC OPENLEDGER_USDT
BingX OPENLEDGER-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
- $193.62
- Price spread: +0.208% → +0.037%
- $17.08
- Slippage, 4 orders
- −$92.32
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $104.38
- Costs to cover
- 1.063%
- Break-even
- 3.2 days
Slippage from MEXC: live order book, 20 min ago; BingX: 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 MEXC live order book, 20 min ago | 3.47 bp | 17.2 bp −$17 | 100.8 bp −$1,008 | 278.5 bp −$27.9K | doesn't fit |
| Sell BingX live order book, 2 min ago | 6.90 bp | 32.6 bp −$33 | 102.9 bp −$1,029 | doesn't fit | 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_USDTlong | +0.0100% | 4h | 0.1443 | long leg | $267K | $120K | 100x | |
| BingX OPENLEDGER-USDTshort | +0.1022% | 4h | 0.1446 | +0.208% | — | $6.5M | — |