T

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0252%/8h= −27.6% APRnext payment −$1.26 per $10,000 · paid last 24h +0.019%

Price spread now: Bitget against MEXC+0.019%7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.019%, 7d avg −0.120%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.139% dearer against MEXC than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.120%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 44 hours. Mind the row above: over the last 7 days funding on this pair paid +0.330%, 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	MEXC T_USDT	0.005151	−0.0164	get 0.0082% / 4h	2h 56m	$3.1M	$277K	20x
Short	Bitget TUSDT	0.005152	−0.0416	pay 0.0208% / 4h	2h 56m	$887K	$774K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$52.92
Price spread: +0.019% → −0.120%: $13.94
Slippage, 4 orders: −$53.24
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$108.22
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 29 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, 1 min ago	0.97 bp	6.0 bp −$6	15.6 bp −$156	103.6 bp −$10.4K	doesn't fit
Sell Bitget live order book, 29 min ago	1.95 bp	23.4 bp −$23	100.1 bp −$1,001	doesn't fit	doesn't fit

T 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
Kraken Futures PF_TUSD	−0.4150%	1h	0.005150	−0.023%	$2K	$2K	10x	as long as short
Gate T_USDT	−0.0902%	4h	0.005157	+0.116%	$214K	$120K	20x	as long as short
Bybit TUSDT	−0.0883%	4h	0.005153	+0.039%	$1.6M	$2.2M	25x	as long as short
KuCoin TUSDTM	−0.0510%	4h	0.005155	+0.078%	$1.3M	$112K	12x	as long as short
Variational Omni T	−0.0454%	4h	0.005168	+0.322%	$7K	$13K	—	as long as short
Bitget TUSDTshort	−0.0416%	4h	0.005152	+0.019%	$887K	$774K	50x
Binance TUSDT	−0.0176%	4h	0.005154	+0.058%	$3.2M	$10.4M	50x	as long as short
MEXC T_USDTlong	−0.0164%	4h	0.005151	long leg	$3.1M	$277K	20x