Funding you earn now, next payment 04:00 UTC−0.0216%/8h= −23.7% APRnext payment −$1.08 per $10,000 · paid last 24h −0.085%
Price spread now: Bitget against MEXC−0.196%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$530.526% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.196%, 7d avg −0.151%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.045% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.151%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.08 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 PI_USDT | 0.09168 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $10.0M | $1.5M | 125x |
| Short | Bitget PIUSDT | 0.09150 | −0.0116 | pay 0.0058% / 4h | 1h 17m | $5.0M | $2.1M | 50x |
MEXC PI_USDT
Bitget PIUSDTFunding 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
- −$45.36
- Price spread: −0.196% → −0.151%
- −$4.5
- Slippage, 4 orders
- −$36.57
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$102.43
- Costs to cover
- 0.526%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago | 0.55 bp | 7.4 bp −$7 | 49.3 bp −$493 | 165.9 bp −$16.6K | 280.6 bp −$140.3K |
| Sell Bitget live order book, 1 min ago | 5.46 bp | 18.1 bp −$18 | 61.4 bp −$614 | doesn't fit | doesn't fit |
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 PIUSDTshort | −0.0116% | 4h | 0.09150 | −0.196% | $5.0M | $2.1M | 50x | |
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | −0.851% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09167 | −0.011% | $2.6M | $7.2M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09170 | +0.022% | $2.7M | $2.5M | 50x | as long as short |
| MEXC PI_USDTlong | +0.0100% | 4h | 0.09168 | long leg | $10.0M | $1.5M | 125x | |
| BingX PI-USDT | +0.0100% | 4h | 0.09166 | −0.022% | — | $6.6M | — | as long as short |
Injective PI/USDC PERP
OKX PI-USDT-SWAP
Gate PI_USDT
BingX PI-USDT