Funding you earn now, next payment 04:00 UTC−0.0790%/8h= −86.5% APRnext payment −$3.95 per $10,000 · paid last 24h +0.043%
Price spread now: MEXC against BingX−0.073%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1141.137% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.073%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and MEXC is 0.097% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX THE-USDT | 0.08264 | 0.1298 | pay 0.0649% / 4h | 2h 05m | — | $6.5M | — |
| Short | MEXC THE_USDT | 0.08258 | 0.0508 | get 0.0254% / 4h | 2h 05m | $185K | $141K | 50x |
BingX THE-USDT
MEXC THE_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
- −$165.9
- Price spread: −0.073% → +0.024%
- −$9.68
- Slippage, 4 orders
- −$99.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$289.23
- Costs to cover
- 1.137%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; MEXC: live order book, 35 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, 15 min ago | 7.90 bp | 40.3 bp −$40 | 222.4 bp −$2,224 | 811.6 bp −$81.2K | 1108.8 bp −$554.4K |
| Sell MEXC live order book, 35 min ago | 1.24 bp | 14.9 bp −$15 | 78.8 bp −$788 | doesn't fit | doesn't fit |
THE 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 THEUSDT | +0.0100% | 4h | 0.08262 | −0.024% | $415K | $354K | 10x | as long as short |
| Gate THE_USDT | +0.0152% | 4h | 0.08250 | −0.169% | $67K | $76K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0416% | 4h | 0.08239 | −0.303% | $124K | $103K | 10x | as long as short |
| Aster THEUSDT | +0.0477% | 4h | 0.08259 | −0.061% | $4K | $9K | 5x | as long as short |
| MEXC THE_USDTshort | +0.0508% | 4h | 0.08258 | −0.073% | $185K | $141K | 50x | |
| Binance THEUSDT | +0.0517% | 4h | 0.08262 | −0.020% | $2.2M | $4.5M | 10x | as long as short |
| BingX THE-USDTlong | +0.1298% | 4h | 0.08264 | long leg | — | $6.5M | — | |
| Bybit THEUSDT | +0.1417% | 4h | 0.08251 | −0.157% | $560K | $417K | 20x | as long as short |
Bitget THEUSDT
Gate THE_USDT
KuCoin THEUSDTM
Aster THEUSDT
Binance THEUSDT
Bybit THEUSDT