Funding you earn now, next payment 03:00 UTC+0.1476%/8h= +161.6% APRpaid last 24h +0.587%
Price spread now: MEXC against Coinbase International+1.367%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and MEXC is 1.367% dearer against Coinbase International than usual: you sell high and buy low: +$137 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International S-PERP-INTX | 0.04022 | −0.1376 | get 0.0172% / 1h | 51m 38s | $48K | $16K | 25x |
| Short | MEXC S_USDT | 0.04077 | 0.0100 | get 0.0050% / 4h | 51m 38s | $3.9M | $1.7M | 200x |
Coinbase International S-PERP-INTX
MEXC S_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Coinbase International. 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
- $309.96
- Price spread: +1.367% → 0.000%
- $136.75
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $432.71
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 5 min ago | 4.89 bp | 7.1 bp −$7 | 54.6 bp −$546 | 265.8 bp −$26.6K | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.9792% | 1h | 0.03970 | −1.293% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2512% | 1h | 0.04063 | +1.029% | $34K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTXlong | −0.1376% | 1h | 0.04022 | long leg | $48K | $16K | 25x | |
| ApeX Omni SUSDT | −0.0333% | 1h | 0.04090 | +1.691% | $25K | $453K | 50x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04080 | +1.450% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04077 | +1.376% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0071% | 4h | 0.04095 | +1.823% | $634K | $31K | — | as long as short |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.04078 | +1.392% | $69K | $10K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04080 | +1.443% | $3K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.939% | $2K | $37K | 12x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
ApeX Omni SUSDT
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
Deribit S_USDC-PERPETUAL
gTrade (Gains Network) S/USD
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_S_USDC | +0.0067% | 4h | 0.04073 | +1.268% | $101K | $308K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04080 | +1.442% | $171K | $153K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.04078 | +1.385% | $1.0M | $547K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04082 | +1.480% | $45K | $130K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04080 | +1.442% | $5.7M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04079 | +1.417% | $5.9M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04082 | +1.492% | $1.1M | $4.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04079 | +1.417% | $334K | $186K | 50x | as long as short |
| MEXC S_USDTshort | +0.0100% | 4h | 0.04077 | +1.367% | $3.9M | $1.7M | 200x | |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04076 | +1.343% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04081 | +1.467% | $1.2M | $2.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04082 | +1.492% | — | $6.7M | — | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04080 | +1.452% | $234K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04092 | +1.740% | $285K | $99K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0434% | 1h | 0.04080 | +1.442% | $119K | $390K | 5x | as long as short |
Orderly PERP_S_USDC
Lighter S
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP