Funding you earn now, next payment 04:00 UTC−0.0324%/8h= −35.5% APRnext payment −$1.62 per $10,000 · paid last 24h −0.018%
Price spread now: Bitget against MEXC−0.145%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1471.472% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.145%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.097% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.62 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 | 0.08282 | 0.0424 | pay 0.0212% / 4h | 29m 39s | $195K | $143K | 50x |
| Short | Bitget THEUSDT | 0.08270 | 0.0100 | get 0.0050% / 4h | 29m 39s | $445K | $373K | 10x |
MEXC THE_USDT
Bitget THEUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.04
- Price spread: −0.145% → −0.048%
- −$9.73
- Slippage, 4 orders
- −$131.19
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$224.96
- Costs to cover
- 1.472%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 21 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 | 2.42 bp | 15.6 bp −$16 | 66.6 bp −$666 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 21 min ago | 10.32 bp | 63.0 bp −$63 | 562.7 bp −$5,627 | doesn't fit | doesn't fit |
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 | 0.08290 | +0.097% | $66K | $77K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0100% | 4h | 0.08261 | −0.254% | $115K | $108K | 10x | as long as short |
| Bitget THEUSDTshort | +0.0100% | 4h | 0.08270 | −0.145% | $445K | $373K | 10x | |
| Aster THEUSDT | +0.0419% | 4h | 0.08272 | −0.124% | $5K | $12K | 5x | as long as short |
| BloFin THE-USDT | +0.0420% | 4h | 0.08266 | −0.193% | $144K | $5K | 50x | as long as short |
| MEXC THE_USDTlong | +0.0424% | 4h | 0.08282 | long leg | $195K | $143K | 50x | |
| Binance THEUSDT | +0.0424% | 4h | 0.08276 | −0.072% | $2.2M | $4.8M | 10x | as long as short |
| BingX THE-USDT | +0.0760% | 4h | 0.08276 | −0.072% | — | $6.5M | — | as long as short |
| Bybit THEUSDT | +0.0812% | 4h | 0.08273 | −0.109% | $553K | $449K | 20x | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Aster THEUSDT
BloFin THE-USDT
Binance THEUSDT
BingX THE-USDT
Bybit THEUSDT