Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.110%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$810.812% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.110%, 7d avg −0.057%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.053% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPELLUSDT | 0.00009100 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $1.5M | $1.6M | 50x |
| Short | MEXC SPELL_USDT | 0.00009090 | 0.0100 | get 0.0100% / 8h | 2h 40m | $394K | $141K | 20x |
Binance SPELLUSDT
MEXC SPELL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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
- $0
- Price spread: −0.110% → −0.057%
- −$5.31
- Slippage, 4 orders
- −$67.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$86.56
- Costs to cover
- 0.812%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; MEXC: live order book, 56 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 Binance live order book, 8 min ago | 5.46 bp | 28.2 bp −$28 | 230.7 bp −$2,307 | 14477.0 bp −$1.45M | doesn't fit |
| Sell MEXC live order book, 56 min ago | 5.45 bp | 19.6 bp −$20 | 89.9 bp −$899 | 345.1 bp −$34.5K | 515.9 bp −$257.9K |
SPELL on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SPELLUSDTlong | +0.0100% | 8h | 0.00009100 | long leg | $1.5M | $1.6M | 50x | |
| Gate SPELL_USDT | +0.0100% | 8h | 0.00009090 | −0.110% | $51K | $20K | 20x | as long as short |
| MEXC SPELL_USDTshort | +0.0100% | 8h | 0.00009090 | −0.110% | $394K | $141K | 20x | |
| KuCoin SPELLUSDTM | +0.0100% | 8h | 0.00009080 | −0.220% | $189K | $23K | 30x | as long as short |
| Bitget SPELLUSDT | +0.0100% | 8h | 0.00009090 | −0.110% | $604K | $35K | 25x | as long as short |
| Variational Omni SPELL | +0.0100% | 8h | 0.00009084 | −0.181% | $110 | $2K | — | as long as short |
| Kraken Futures PF_SPELLUSD | +0.0829% | 1h | 0.00009097 | −0.034% | $15K | $2K | 10x | as long as short |
Gate SPELL_USDT
KuCoin SPELLUSDTM
Bitget SPELLUSDT
Variational Omni SPELL
Kraken Futures PF_SPELLUSD