PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.010%

Price spread now: BingX against MEXC−0.190%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1091.088% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.345%+$34 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.190%, 7d avg +0.042%

Together, before fees+0.503%+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.232% cheaper against MEXC than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.345%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PTB_USDT	0.001260	0.0888	pay 0.0444% / 4h	3h 40m	$461K	$1.2M	20x
Short	BingX PTB-USDT	0.001258	0.0794	get 0.0397% / 4h	3h 40m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.190%Rate

Funding earned: −$19.74
Price spread: −0.190% → +0.042%: −$23.21
Slippage, 4 orders: −$90.84
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$151.79
Costs to cover: 1.088%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: 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 MEXC live order book, 1 min ago	0.40 bp	28.1 bp −$28	70.6 bp −$706	238.2 bp −$23.8K	doesn't fit
Sell BingX live order book, 4 min ago	3.59 bp	27.6 bp −$28	102.2 bp −$1,022	803.8 bp −$80.4K	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
Variational Omni PTB	+0.0100%	4h	0.001259	−0.138%	$37K	$72K	—	as long as short
Bybit PTBUSDT	+0.0277%	4h	0.001259	−0.103%	$2.0M	$27.4M	25x	as long as short
Aster PTBUSDT	+0.0755%	4h	0.001259	−0.150%	$76K	$1.0M	5x	as long as short
BingX PTB-USDTshort	+0.0794%	4h	0.001258	−0.190%	—	$2.5M	—
BloFin PTB-USDT	+0.0843%	4h	0.001257	−0.286%	$541K	$1.1M	20x	as long as short
MEXC PTB_USDTlong	+0.0888%	4h	0.001260	long leg	$461K	$1.2M	20x
Extended kPTB-USD	+0.0896%	1h	0.001262	+0.139%	$4K	$45K	5x	as long as short
Binance PTBUSDT	+0.0899%	4h	0.001261	+0.075%	$9.4M	$184.0M	20x	as long as short
KuCoin PTBUSDTM	+0.1094%	4h	0.001260	0.000%	$2.0M	$8.6M	20x	as long as short
Gate PTB_USDT	+0.3514%	4h	0.001260	−0.048%	$2.1M	$7.6M	25x	as long as short