Funding you earn now, next payment 04:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.006%
Price spread now: MEXC against BloFin−0.024%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.024% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDER-USDT | 0.04135 | 0.0121 | pay 0.0121% / 8h | 5h 14m | $66K | $7K | 16x |
| Short | MEXC ORDER_USDT | 0.04134 | 0.0100 | get 0.0050% / 4h | 1h 14m | $279K | $101K | 20x |
BloFin ORDER-USDT
MEXC ORDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$4.42
- Price spread: −0.024% → 0.000%
- −$2.42
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$22.84
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; MEXC: live order book, 30 min ago. Net counts fees only.
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 BloFin no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 30 min ago | 4.87 bp | 19.6 bp −$20 | 76.4 bp −$764 | 255.2 bp −$25.5K | doesn't fit |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ORDER 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ORDERUSDT | +0.0100% | 4h | 0.04135 | 0.000% | $1.4M | $1.8M | 50x | as long as short |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.04126 | −0.218% | $1.3M | $711K | 20x | as long as short |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.04129 | −0.145% | $172K | $323K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.04130 | −0.121% | $78K | $65K | 20x | as long as short |
| MEXC ORDER_USDTshort | +0.0100% | 4h | 0.04134 | −0.024% | $279K | $101K | 20x | |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.04139 | +0.097% | $233K | $87K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.04130 | −0.121% | $494K | $236K | 20x | as long as short |
| BingX ORDER-USDT | +0.0100% | 4h | 0.04132 | −0.073% | — | $1.3M | — | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.04131 | −0.104% | $11K | $2K | — | as long as short |
| BloFin ORDER-USDTlong | +0.0121% | 8h | 0.04135 | long leg | $66K | $7K | 16x |
Binance ORDERUSDT
Bybit ORDERUSDT
OKX ORDER-USDT-SWAP
Gate ORDER_USDT
KuCoin ORDERUSDTM
Bitget ORDERUSDT
BingX ORDER-USDT
Variational Omni ORDERShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ORDER_USDC | +0.0714% | 4h | 0.04133 | −0.048% | $195K | $198K | 10x | as long as short |
Orderly PERP_ORDER_USDC