PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.15 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.227%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$940.938% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.227%, 7d avg −0.013%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.240% dearer against Binance than usual: you sell high and buy low (spread +0.227% now, against its 7-day average of −0.013%): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PTBUSDT	0.001254	0.1071	pay 0.0535% / 4h	1h 37m	$9.3M	$183.4M	20x
Short	MEXC PTB_USDT	0.001257	0.1040	get 0.0520% / 4h	1h 37m	$465K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee MEXCbpOrdersPrice spread, now +0.227%Rate

Funding earned: −$6.49
Price spread: +0.227% → −0.013%: $24.04
Slippage, 4 orders: −$75.78
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$76.23
Costs to cover: 0.938%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; MEXC: live order book, 4 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 Binance live order book, 6 min ago	2.42 bp	30.1 bp −$30	145.3 bp −$1,453	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	4.45 bp	19.5 bp −$20	71.8 bp −$718	195.4 bp −$19.5K	doesn't fit

PTB on 10 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
Bybit PTBUSDT	+0.0100%	4h	0.001254	−0.004%	$2.0M	$27.3M	25x	as long as short
Variational Omni PTB	+0.0100%	4h	0.001237	−1.403%	$26K	$55K	—	as long as short
BingX PTB-USDT	+0.0990%	4h	0.001254	+0.020%	—	$2.5M	—	as long as short
MEXC PTB_USDTshort	+0.1040%	4h	0.001257	+0.227%	$465K	$1.2M	20x
Aster PTBUSDT	+0.1048%	4h	0.001256	+0.104%	$76K	$1.0M	5x	as long as short
Binance PTBUSDTlong	+0.1071%	4h	0.001254	long leg	$9.3M	$183.4M	20x
Extended kPTB-USD	+0.1072%	1h	0.001253	−0.075%	$4K	$45K	5x	as long as short
BloFin PTB-USDT	+0.1087%	4h	0.001255	+0.052%	$533K	$1.1M	20x	as long as short
KuCoin PTBUSDTM	+0.1110%	4h	0.001259	+0.347%	$2.0M	$8.6M	20x	as long as short
Gate PTB_USDT	+0.1430%	4h	0.001252	−0.147%	$2.1M	$7.6M	25x	as long as short