S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.070%

Price spread now: MEXC against BloFin+0.536%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.302%−$30 on $10k

Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.536%, 7d avg +0.050%

Together, before fees−0.631%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.486% dearer against BloFin than usual: you sell high and buy low (spread +0.536% now, against its 7-day average of +0.050%): +$49 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin S-USDT	0.03921	0.0340	pay 0.0170% / 4h	2h 37m	$271K	$106K	75x
Short	MEXC S_USDT	0.03942	0.0100	get 0.0050% / 4h	2h 37m	$3.6M	$1.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now +0.536%Rate

Funding earned: −$50.4
Price spread: +0.536% → +0.050%: $48.57
Slippage, 4 orders: −$44.33
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$62.16
Costs to cover: 0.603%
Break-even: never at this rate

Slippage from BloFin: live order book, 52 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 BloFin live order book, 52 min ago	5.05 bp	27.1 bp −$27	72.2 bp −$722	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.81 bp	5.9 bp −$6	62.0 bp −$620	266.9 bp −$26.7K	doesn't fit

S on 25 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
01 Exchange SUSD	−0.8352%	1h	0.03850	−1.811%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1848%	1h	0.03936	+0.385%	$32K	$14K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03919	−0.051%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03938	+0.444%	$1K	—	100x	as long as short
Variational Omni S	−0.0119%	4h	0.03931	+0.252%	$611K	$30K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03933	+0.310%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03938	+0.422%	$607	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.565%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03935	+0.357%	$98K	$488K	10x	as long as short
Lighter S	+0.0096%	1h	0.03944	+0.587%	$167K	$138K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03941	+0.520%	$991K	$589K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03941	+0.504%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03943	+0.567%	$5.5M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03938	+0.434%	$5.6M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03941	+0.510%	$970K	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03932	+0.281%	$320K	$184K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.03942	+0.536%	$3.6M	$1.7M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03938	+0.434%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03946	+0.638%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03939	+0.459%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−0.026%	$6K	$473K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03942	+0.542%	$221K	$594K	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.03921	long leg	$271K	$106K	75x
Deribit S_USDC-PERPETUAL	+0.0764%	1h	0.03948	+0.689%	$66K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1821%	1h	0.03950	+0.740%	$115K	$426K	5x	as long as short