Funding you earn now, next payment 00:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.39 per $10,000 · paid last 24h −0.010%
Price spread now: MEXC against BingX−0.047%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now −0.047%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.021% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PYTH-USDT | 0.06323 | 0.0100 | pay 0.0050% / 4h | 2h 13m | — | $2.8M | — |
| Short | MEXC PYTH_USDT | 0.06320 | 0.0022 | get 0.0011% / 4h | 2h 13m | $9.3M | $2.4M | 125x |
BingX PYTH-USDT
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- −$16.38
- Price spread: −0.047% → −0.027%
- −$2.05
- Slippage, 4 orders
- −$32.34
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$60.78
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 5 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 BingX live order book, 6 min ago | 4.73 bp | 17.6 bp −$18 | 34.8 bp −$348 | 247.9 bp −$24.8K | 493.6 bp −$246.8K |
| Sell MEXC live order book, 5 min ago | 0.79 bp | 0.8 bp −$1 | 0.8 bp −$8 | 62.6 bp −$6,256 | 191.6 bp −$95.8K |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | +0.427% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0224% | 1h | 0.06329 | +0.095% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06327 | +0.069% | $383K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0042% | 4h | 0.06322 | −0.016% | $1.1M | $466K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0004% | 4h | 0.06332 | +0.142% | $424K | $117K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06344 | +0.327% | $188K | $19 | 5x | as long as short |
| Binance PYTHUSDT | +0.0021% | 4h | 0.06317 | −0.095% | $9.1M | $16.0M | 75x | as long as short |
| MEXC PYTH_USDTshort | +0.0022% | 4h | 0.06320 | −0.047% | $9.3M | $2.4M | 125x | |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.708% | $40K | $6K | 25x | as long as short |
| Bybit PYTHUSDT | +0.0064% | 4h | 0.06321 | −0.032% | $7.4M | $4.9M | 50x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06322 | −0.022% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06332 | +0.142% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06323 | +0.001% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06328 | +0.087% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06334 | +0.168% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06324 | +0.016% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06332 | +0.142% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06328 | +0.079% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06323 | long leg | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06338 | +0.233% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06325 | +0.030% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0182% | 1h | 0.06329 | +0.100% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06322 | −0.008% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP