Funding you earn now, next payment 08:00 UTC+0.0600%/8h= +65.7% APRnext payment +$3.00 per $10,000 · paid last 24h −0.024%
Price spread now: BingX against MEXC−0.025%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$830.826% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.025%, 7d avg −0.025%
=The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.00 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 | MEXC THE_USDT | 0.08160 | 0.0250 | pay 0.0125% / 4h | 2h 37m | $200K | $149K | 50x |
| Short | BingX THE-USDT | 0.08158 | 0.0850 | get 0.0425% / 4h | 2h 37m | — | $6.5M | — |
MEXC THE_USDT
BingX THE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $126
- Price spread: −0.025% → −0.025%
- $0.03
- Slippage, 4 orders
- −$68.57
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $43.45
- Costs to cover
- 0.826%
- Break-even
- 4.6 days
Slippage from MEXC: live order book, 48 min ago; BingX: live order book, 8 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, 48 min ago | 1.22 bp | 10.7 bp −$11 | 75.5 bp −$755 | 438.2 bp −$43.8K | doesn't fit |
| Sell BingX live order book, 8 min ago | 4.87 bp | 23.3 bp −$23 | 191.6 bp −$1,916 | 882.3 bp −$88.2K | 1214.9 bp −$607.5K |
THE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate THE_USDT | +0.0100% | 4h | 0.08140 | −0.245% | $66K | $75K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0100% | 4h | 0.08141 | −0.233% | $111K | $110K | 10x | as long as short |
| Bitget THEUSDT | +0.0100% | 4h | 0.08159 | −0.012% | $404K | $379K | 10x | as long as short |
| Aster THEUSDT | +0.0169% | 4h | 0.08158 | −0.022% | $5K | $12K | 5x | as long as short |
| Binance THEUSDT | +0.0246% | 4h | 0.08163 | +0.034% | $2.2M | $4.8M | 10x | as long as short |
| MEXC THE_USDTlong | +0.0250% | 4h | 0.08160 | long leg | $200K | $149K | 50x | |
| BloFin THE-USDT | +0.0281% | 4h | 0.08146 | −0.172% | $140K | $5K | 50x | as long as short |
| Bybit THEUSDT | +0.0794% | 4h | 0.08149 | −0.135% | $545K | $462K | 20x | as long as short |
| BingX THE-USDTshort | +0.0850% | 4h | 0.08158 | −0.025% | — | $6.5M | — |
Gate THE_USDT
KuCoin THEUSDTM
Bitget THEUSDT
Aster THEUSDT
Binance THEUSDT
BloFin THE-USDT
Bybit THEUSDT