Funding you earn now, next payment 00:00 UTC+0.1108%/8h= +121.3% APRnext payment +$5.54 per $10,000 · paid last 24h +0.065%
Price spread now: MEXC against Bitget+0.135%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 7 days+0.003%$0 · spread now +0.135%, 7d avg +0.147%
=The price spread sits at its 7-day average of +0.147%, so right now this pair is about funding alone: +$33 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.54 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 | Bitget PIUSDT | 0.08910 | −0.1008 | get 0.0504% / 4h | 2h 57m | $4.8M | $1.6M | 50x |
| Short | MEXC PI_USDT | 0.08922 | 0.0100 | get 0.0050% / 4h | 2h 57m | $9.1M | $1.3M | 125x |
Bitget PIUSDT
MEXC PI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. 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
- $232.68
- Price spread: +0.135% → +0.147%
- −$1.22
- Slippage, 4 orders
- −$42.08
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $173.38
- Costs to cover
- 0.581%
- Break-even
- 1.8 days
Slippage from Bitget: live order book, 6 min ago; MEXC: live order book, 6 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 Bitget live order book, 6 min ago | 5.61 bp | 21.9 bp −$22 | 50.9 bp −$509 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 6 min ago | 1.12 bp | 6.3 bp −$6 | 32.0 bp −$320 | 129.5 bp −$12.9K | 276.4 bp −$138.2K |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDTlong | −0.1008% | 4h | 0.08910 | long leg | $4.8M | $1.6M | 50x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.08920 | +0.112% | $2.7M | $5.7M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.08920 | +0.112% | $2.6M | $2.0M | 50x | as long as short |
| MEXC PI_USDTshort | +0.0100% | 4h | 0.08922 | +0.135% | $9.1M | $1.3M | 125x | |
| BingX PI-USDT | +0.0100% | 4h | 0.08917 | +0.079% | — | $6.6M | — | as long as short |
| Injective PI/USDC PERP | +0.0179% | 1h | 0.08950 | +0.449% | $1 | $45K | 5.5x | as long as short |
OKX PI-USDT-SWAP
Gate PI_USDT
BingX PI-USDT
Injective PI/USDC PERP