Funding you earn now, next payment 04:00 UTC−0.1142%/8h= −125.0% APRnext payment −$5.71 per $10,000 · paid last 24h −0.093%
Price spread now: Bitget against MEXC−0.267%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1271.275% of the position
Funding, last 7 days−0.300%−$30 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.267%, 7d avg −0.150%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Bitget is 0.117% cheaper against MEXC than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.150%). Swap the legs.
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 −$5.71 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 | MEXC Q_USDT | 0.02545 | 0.1242 | pay 0.0621% / 4h | 3h 41m | $122K | $86K | 50x |
| Short | Bitget QUSDT | 0.02538 | 0.0100 | get 0.0050% / 4h | 3h 41m | $2.3M | $128K | 20x |
MEXC Q_USDT
Bitget QUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$239.82
- Price spread: −0.267% → −0.150%
- −$11.73
- Slippage, 4 orders
- −$107.46
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$379.01
- Costs to cover
- 1.275%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Bitget: 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 MEXC live order book, 3 min ago | 0.39 bp | 35.1 bp −$35 | 59.8 bp −$598 | 145.0 bp −$14.5K | 433.5 bp −$216.8K |
| Sell Bitget live order book, 5 min ago | 7.29 bp | 38.6 bp −$39 | 312.0 bp −$3,120 | doesn't fit | doesn't fit |
Q on 11 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 | 0.02541 | −0.153% | $1.2M | $286K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02537 | −0.330% | $671K | $20K | 20x | as long as short |
| Bitget QUSDTshort | +0.0100% | 4h | 0.02538 | −0.267% | $2.3M | $128K | 20x | |
| Variational Omni Q | +0.0199% | 4h | 0.02538 | −0.298% | $2K | $1K | — | as long as short |
| Bybit QUSDT | +0.1014% | 4h | 0.02543 | −0.086% | $1.5M | $357K | 13x | as long as short |
| Aster QUSDT | +0.1072% | 4h | 0.02538 | −0.285% | $59K | $52K | 5x | as long as short |
| BingX Q-USDT | +0.1175% | 4h | 0.02543 | −0.086% | — | $1.3M | — | as long as short |
| BloFin Q-USDT | +0.1200% | 4h | 0.02543 | −0.079% | $376K | $74K | 40x | as long as short |
| MEXC Q_USDTlong | +0.1242% | 4h | 0.02545 | long leg | $122K | $86K | 50x | |
| Extended Q-USD | +0.1248% | 1h | 0.02545 | −0.023% | $8K | $166K | 5x | as long as short |
Gate Q_USDT
KuCoin QUSDTM
Variational Omni Q
Bybit QUSDT
Aster QUSDT
BingX Q-USDT
BloFin Q-USDT
Extended Q-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance QUSDT | +0.1251% | 4h | 0.02545 | −0.008% | $7.0M | $1.4M | 20x | as long as short |
Binance QUSDT