Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX−0.045%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$710.708% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.045%, 7d avg −0.004%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.042% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SYN-USDT | 0.2427 | 0.0234 | pay 0.0117% / 4h | 14m 42s | — | $3.3M | — |
| Short | MEXC SYN_USDT | 0.2426 | 0.0222 | get 0.0111% / 4h | 14m 42s | $3.0M | $8.1M | 50x |
BingX SYN-USDT
MEXC SYN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- −$2.52
- Price spread: −0.045% → −0.004%
- −$4.15
- Slippage, 4 orders
- −$60.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$77.45
- Costs to cover
- 0.708%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 3 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 BingX live order book, 10 min ago | 6.36 bp | 26.6 bp −$27 | 110.9 bp −$1,109 | 870.5 bp −$87.1K | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.06 bp | 5.0 bp −$5 | 40.0 bp −$400 | 356.7 bp −$35.7K | 623.8 bp −$311.9K |
SYN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYNUSDT | +0.0100% | 4h | 0.2427 | −0.012% | $1.4M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2425 | −0.078% | $3K | $35K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2427 | −0.012% | $1.6M | $1.9M | 50x | as long as short |
| MEXC SYN_USDTshort | +0.0222% | 4h | 0.2426 | −0.045% | $3.0M | $8.1M | 50x | |
| Binance SYNUSDT | +0.0224% | 4h | 0.2427 | −0.006% | $12.1M | $43.2M | 10x | as long as short |
| BingX SYN-USDTlong | +0.0234% | 4h | 0.2427 | long leg | — | $3.3M | — | |
| Aster SYNUSDT | +0.1261% | 4h | 0.2428 | +0.037% | $2.8M | $992K | 5x | as long as short |
| Kraken Futures PF_SYNUSD | +0.1488% | 1h | 0.2421 | −0.261% | $151K | $839K | 10x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
Binance SYNUSDT
Aster SYNUSDT
Kraken Futures PF_SYNUSD