Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against BloFin−0.259%109s7-day average +0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$740.744% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)+0.267%+$27 · spread now −0.259%, 7d avg +0.089%
=Funding pays, the price is against you. MEXC is 0.348% cheaper against BloFin than usual: you would sell low and buy high (spread −0.259% now, against its 7-day average of +0.089%). If the spread goes back, that is −$35 on $10k: about 21 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.016% in total) that is about 5 months. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKL-USDT | 0.004642 | 0.0044 | pay 0.0022% / 4h | 2h 51m | $183K | $26K | 50x |
| Short | MEXC SKL_USDT | 0.004630 | 0.0100 | get 0.0050% / 4h | 2h 51m | $392K | $188K | 20x |
BloFin SKL-USDT
MEXC SKL_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.76
- Price spread: −0.259% → +0.089%
- −$34.78
- Slippage, 4 orders
- −$58.42
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$97.44
- Costs to cover
- 0.744%
- Break-even
- 65.0 days
Slippage from BloFin: live order book, 29 min ago; MEXC: live order book, 44 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, 29 min ago | 3.24 bp | 18.1 bp −$18 | 47.4 bp −$474 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 44 min ago | 1.09 bp | 19.3 bp −$19 | 80.0 bp −$800 | 223.9 bp −$22.4K | doesn't fit |
SKL on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SKL-USDTlong | +0.0044% | 4h | 0.004642 | long leg | $183K | $26K | 50x | |
| Binance SKLUSDT | +0.0100% | 4h | 0.004632 | −0.210% | $2.8M | $8.3M | 50x | as long as short |
| Bybit SKLUSDT | +0.0100% | 8h | 0.004631 | −0.237% | $880K | $949K | 25x | as long as short |
| Gate SKL_USDT | +0.0100% | 4h | 0.004630 | −0.259% | $184K | $216K | 50x | as long as short |
| MEXC SKL_USDTshort | +0.0100% | 4h | 0.004630 | −0.259% | $392K | $188K | 20x | |
| KuCoin SKLUSDTM | +0.0100% | 4h | 0.004631 | −0.237% | $826K | $340K | 30x | as long as short |
| Bitget SKLUSDT | +0.0100% | 4h | 0.004631 | −0.237% | $491K | $798K | 25x | as long as short |
| BingX SKL-USDT | +0.0100% | 4h | 0.004633 | −0.194% | — | $2.3M | — | as long as short |
| Variational Omni SKL | +0.0100% | 8h | 0.004641 | −0.028% | $713 | $1K | — | as long as short |
| Kraken Futures PF_SKLUSD | +0.1867% | 1h | 0.004643 | +0.029% | $5K | $5K | 10x | as long as short |
Binance SKLUSDT
Bybit SKLUSDT
Gate SKL_USDT
KuCoin SKLUSDTM
Bitget SKLUSDT
BingX SKL-USDT
Variational Omni SKL
Kraken Futures PF_SKLUSD