Funding you earn now, next payment 04:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against MEXC−0.367%94s7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as 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−$680.676% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.338%+$34 · spread now −0.367%, 7d avg +0.017%
=Funding pays, the price is against you. BloFin is 0.384% cheaper against MEXC than usual: you would sell low and buy high (spread −0.367% now, against its 7-day average of +0.017%). If the spread goes back, that is −$38 on $10k: about 22 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.019% in total) that is about 5 months. The two prices were read 94 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 | MEXC PIXEL_USDT | 0.005449 | 0.0100 | pay 0.0050% / 4h | 33m 34s | $904K | $209K | 20x |
| Short | BloFin PIXEL-USDT | 0.005429 | 0.0158 | get 0.0079% / 4h | 33m 34s | $115K | $9K | 50x |
MEXC PIXEL_USDT
BloFin PIXEL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $12.21
- Price spread: −0.367% → +0.017%
- −$38.4
- Slippage, 4 orders
- −$51.56
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.75
- Costs to cover
- 0.676%
- Break-even
- 60.8 days
Slippage from MEXC: live order book, 17 min ago; BloFin: live order book, 62 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, 17 min ago | 4.61 bp | 13.1 bp −$13 | 64.6 bp −$646 | 408.6 bp −$40.9K | doesn't fit |
| Sell BloFin live order book, 62 min ago | 4.57 bp | 26.6 bp −$27 | 87.9 bp −$879 | doesn't fit | 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 | 0.005446 | −0.049% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDT | +0.0100% | 4h | 0.005449 | 0.000% | $1.8M | $1.7M | 25x | as long as short |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005444 | −0.092% | $153K | $39K | 50x | as long as short |
| MEXC PIXEL_USDTlong | +0.0100% | 4h | 0.005449 | long leg | $904K | $209K | 20x | |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005445 | −0.073% | $357K | $65K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005449 | 0.000% | $582K | $382K | 25x | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005433 | −0.293% | $1K | $254 | — | as long as short |
| BloFin PIXEL-USDTshort | +0.0158% | 4h | 0.005429 | −0.367% | $115K | $9K | 50x | |
| Bybit PIXELUSDT | +0.0286% | 4h | 0.005449 | 0.000% | $525K | $181K | 25x | as long as short |
| BingX PIXEL-USDT | +0.0306% | 4h | 0.005448 | −0.018% | — | $1.3M | — | as long as short |
Aster PIXELUSDT
Binance PIXELUSDT
Gate PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
Variational Omni PIXEL
Bybit PIXELUSDT
BingX PIXEL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSD | +0.9164% | 1h | 0.005482 | +0.611% | $5K | $1K | 10x | as long as short |
Kraken Futures PF_PIXELUSD