Funding you earn now, next payment 12:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h +0.075%
Price spread now: BingX against MEXC−0.117%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$1961.961% of the position
Funding, last 7 days+0.125%+$13 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.117%, 7d avg −0.062%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.055% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.062%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.125%, 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 Q_USDT | 0.02560 | 0.0846 | pay 0.0423% / 4h | 2h 21m | $122K | $88K | 50x |
| Short | BingX Q-USDT | 0.02557 | 0.0798 | get 0.0399% / 4h | 2h 21m | — | $1.3M | — |
MEXC Q_USDT
BingX Q-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.08
- Price spread: −0.117% → −0.062%
- −$5.49
- Slippage, 4 orders
- −$178.12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$211.69
- Costs to cover
- 1.961%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 22 min ago; BingX: live order book, 3 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, 22 min ago | 0.98 bp | 29.7 bp −$30 | 57.0 bp −$570 | 194.6 bp −$19.5K | 515.7 bp −$257.9K |
| Sell BingX live order book, 3 min ago | 38.33 bp | 67.4 bp −$67 | 147.0 bp −$1,470 | 1184.9 bp −$118.5K | 1468.4 bp −$734.2K |
Q on 11 exchanges
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 | 0.02555 | −0.191% | $1.2M | $295K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02553 | −0.238% | $680K | $16K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02556 | −0.160% | $2.3M | $124K | 20x | as long as short |
| Variational Omni Q | +0.0100% | 4h | 0.02555 | −0.181% | $616 | $2K | — | as long as short |
| Aster QUSDT | +0.0390% | 4h | 0.02555 | −0.189% | $59K | $45K | 5x | as long as short |
| Bybit QUSDT | +0.0468% | 4h | 0.02555 | −0.180% | $1.5M | $379K | 13x | as long as short |
| BingX Q-USDTshort | +0.0798% | 4h | 0.02557 | −0.117% | — | $1.3M | — | |
| BloFin Q-USDT | +0.0820% | 4h | 0.02556 | −0.152% | $389K | $70K | 40x | as long as short |
| MEXC Q_USDTlong | +0.0846% | 4h | 0.02560 | long leg | $122K | $88K | 50x | |
| Binance QUSDT | +0.0848% | 4h | 0.02559 | −0.012% | $7.1M | $1.3M | 20x | as long as short |
Gate Q_USDT
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Aster QUSDT
Bybit QUSDT
BloFin Q-USDT
Binance QUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended Q-USD | +0.0848% | 1h | 0.02558 | −0.045% | $9K | $179K | 5x | as long as short |
Extended Q-USD