Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against BloFin+0.372%79s7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.372%, 7d avg −0.016%
=The price spread pays, funding is against you. MEXC is 0.388% dearer against BloFin than usual: you sell high and buy low (spread +0.372% now, against its 7-day average of −0.016%): +$39 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days. At the pace of the last 7 days (−0.018% in total) that is about 5 months. The two prices were read 79 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 PIXEL-USDT | 0.005382 | 0.0148 | pay 0.0074% / 4h | 2h 38m | $113K | $9K | 50x |
| Short | MEXC PIXEL_USDT | 0.005402 | 0.0100 | get 0.0050% / 4h | 2h 38m | $896K | $207K | 20x |
BloFin PIXEL-USDT
MEXC PIXEL_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
- −$10.06
- Price spread: +0.372% → −0.016%
- $38.77
- Slippage, 4 orders
- −$51.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$38.42
- Costs to cover
- 0.671%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 40 min ago; MEXC: live order book, 3 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 BloFin live order book, 40 min ago | 7.34 bp | 18.8 bp −$19 | 80.8 bp −$808 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.78 bp | 11.1 bp −$11 | 66.1 bp −$661 | 445.4 bp −$44.5K | doesn't fit |
PIXEL 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PIXELUSDT | +0.0100% | 4h | 0.005399 | +0.320% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDT | +0.0100% | 4h | 0.005405 | +0.423% | $1.7M | $1.7M | 25x | as long as short |
| Bybit PIXELUSDT | +0.0100% | 4h | 0.005410 | +0.520% | $521K | $174K | 25x | as long as short |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005397 | +0.279% | $154K | $39K | 50x | as long as short |
| MEXC PIXEL_USDTshort | +0.0100% | 4h | 0.005402 | +0.372% | $896K | $207K | 20x | |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005403 | +0.390% | $353K | $65K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005402 | +0.372% | $576K | $335K | 25x | as long as short |
| BingX PIXEL-USDT | +0.0100% | 4h | 0.005401 | +0.353% | — | $1.3M | — | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005419 | +0.681% | $1K | $254 | — | as long as short |
| BloFin PIXEL-USDTlong | +0.0148% | 4h | 0.005382 | long leg | $113K | $9K | 50x |
Aster PIXELUSDT
Binance PIXELUSDT
Bybit PIXELUSDT
Gate PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
BingX PIXEL-USDT
Variational Omni PIXELShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSD | +0.7818% | 1h | 0.005416 | +0.628% | $6K | $2K | 10x | as long as short |
Kraken Futures PF_PIXELUSD