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 +0.065%

Price spread now: BloFin against MEXC−0.378%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.378%, 7d avg −0.050%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.328% cheaper against MEXC than usual: you would sell low and buy high (spread −0.378% now, against its 7-day average of −0.050%). If the spread goes back, that is −$33 on $10k: about 4.6 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.03964	0.0100	pay 0.0050% / 4h	3h 57m	$3.7M	$1.7M	200x
Short	BloFin S-USDT	0.03949	0.0340	get 0.0170% / 4h	3h 57m	$269K	$99K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now −0.378%Rate

Funding earned: $50.4
Price spread: −0.378% → −0.050%: −$32.79
Slippage, 4 orders: −$32.29
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.68
Costs to cover: 0.483%
Break-even: 11.3 days

Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 37 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, 5 min ago	1.27 bp	3.7 bp −$4	83.0 bp −$830	271.2 bp −$27.1K	doesn't fit
Sell BloFin live order book, 37 min ago	6.21 bp	20.8 bp −$21	52.3 bp −$523	doesn't fit	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
Kraken Futures PF_SUSD	−0.2252%	1h	0.03956	−0.193%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03928	−0.908%	$47K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03962	−0.053%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03959	−0.130%	$4	—	15x	as long as short
Variational Omni S	−0.0043%	4h	0.03942	−0.547%	$612K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03961	−0.078%	$610	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.431%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0073%	4h	0.03961	−0.076%	$98K	$271K	10x	as long as short
Lighter S	+0.0096%	1h	0.03966	+0.050%	$166K	$155K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03963	−0.035%	$990K	$584K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0100%	4h	0.03960	−0.101%	$44K	$132K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03964	+0.002%	$5.5M	$13.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03958	−0.151%	$5.7M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03961	−0.076%	$999K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03956	−0.202%	$323K	$188K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.03964	long leg	$3.7M	$1.7M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03961	−0.076%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03965	+0.025%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03961	−0.076%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	−0.605%	$24K	$461K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03960	−0.097%	$222K	$1.1M	10x	as long as short
BloFin S-USDTshort	+0.0340%	4h	0.03949	−0.378%	$269K	$99K	75x
01 Exchange SUSD	+0.0592%	1h	0.03960	−0.101%	$25K	$2K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.1012%	1h	0.03968	+0.101%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2167%	1h	0.03970	+0.151%	$115K	$424K	5x	as long as short