Funding you earn now, next payment 04:00 UTC+0.0822%/8h= +90.0% APRnext payment +$4.11 per $10,000 · paid last 24h +0.093%
Price spread now: MEXC against Bitget+0.091%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1301.299% of the position
Funding, last 7 days+0.300%+$30 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.091%, 7d avg +0.149%
=Funding pays, the price is against you. MEXC is 0.057% cheaper against Bitget than usual: you would sell low and buy high (spread +0.091% now, against its 7-day average of +0.149%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.300% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.300% in total (about 15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget QUSDT | 0.02525 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $2.2M | $121K | 20x |
| Short | MEXC Q_USDT | 0.02527 | 0.0922 | get 0.0461% / 4h | 2h 07m | $122K | $88K | 50x |
Bitget QUSDT
MEXC Q_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. 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
- $172.62
- Price spread: +0.091% → +0.149%
- −$5.74
- Slippage, 4 orders
- −$109.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- $36.98
- Costs to cover
- 1.299%
- Break-even
- 5.5 days
Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 32 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 Bitget live order book, 5 min ago | 9.09 bp | 24.7 bp −$25 | 464.3 bp −$4,643 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 32 min ago | 0.99 bp | 35.0 bp −$35 | 58.8 bp −$588 | 167.6 bp −$16.8K | 421.8 bp −$210.9K |
Q 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02522 | −0.095% | $1.2M | $292K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02522 | −0.091% | $668K | $19K | 20x | as long as short |
| Bitget QUSDTlong | +0.0100% | 4h | 0.02525 | long leg | $2.2M | $121K | 20x | |
| Bybit QUSDT | +0.0461% | 4h | 0.02525 | +0.032% | $1.5M | $351K | 13x | as long as short |
| Variational Omni Q | +0.0463% | 4h | 0.02529 | +0.153% | $610 | $2K | — | as long as short |
| Aster QUSDT | +0.0817% | 4h | 0.02524 | −0.036% | $58K | $52K | 5x | as long as short |
| BingX Q-USDT | +0.0884% | 4h | 0.02523 | −0.083% | — | $1.3M | — | as long as short |
| Binance QUSDT | +0.0918% | 4h | 0.02527 | +0.091% | $7.0M | $1.4M | 20x | as long as short |
| Extended Q-USD | +0.0920% | 1h | 0.02526 | +0.069% | $8K | $164K | 5x | as long as short |
| MEXC Q_USDTshort | +0.0922% | 4h | 0.02527 | +0.091% | $122K | $88K | 50x |
Gate Q_USDT
KuCoin QUSDTM
Bybit QUSDT
Variational Omni Q
Aster QUSDT
BingX Q-USDT
Binance QUSDT
Extended Q-USD