Funding you earn now, next payment 04:00 UTC−0.2138%/8h= −234.1% APRnext payment −$10.69 per $10,000 · paid last 24h −0.527%
Price spread now: MEXC against BingX−0.032%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1761.761% of the position
Funding, last 7 days−0.683%−$68 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.032%, 7d avg −0.061%
=The price spread pays, funding is against you. MEXC is 0.028% dearer against BingX than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.061%): +$3 on $10k if it goes back. Holding the pair costs −$64 a day in funding at the current rate, which eats that in about 1 hour. At the pace of the last 7 days (−0.683% in total) that is about 7 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.683% in total (about -35.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.69 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 TRUST-USDT | 0.06181 | 0.2654 | pay 0.1327% / 4h | 2h 06m | — | $6.5M | — |
| Short | MEXC TRUST_USDT | 0.06179 | 0.0516 | get 0.0258% / 4h | 2h 06m | $215K | $105K | 50x |
BingX TRUST-USDT
MEXC TRUST_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
- −$448.98
- Price spread: −0.032% → −0.061%
- $2.84
- Slippage, 4 orders
- −$162.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$622.25
- Costs to cover
- 1.761%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; MEXC: live order book, 34 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, 14 min ago | 11.41 bp | 53.3 bp −$53 | 229.2 bp −$2,292 | 1053.0 bp −$105.3K | 1291.4 bp −$645.7K |
| Sell MEXC live order book, 34 min ago | 2.46 bp | 29.5 bp −$30 | 180.5 bp −$1,805 | 942.7 bp −$94.3K | doesn't fit |
TRUST on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TRUST-USDT-SWAP | +0.0100% | 4h | 0.06186 | +0.081% | $118K | $292K | 10x | as long as short |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06193 | +0.194% | $506K | $29K | 10x | as long as short |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06184 | +0.049% | $297K | $734K | 10x | as long as short |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06174 | −0.113% | $662K | $71K | 10x | as long as short |
| Binance TRUSTUSDT | +0.0508% | 4h | 0.06179 | −0.031% | $1.7M | $1.8M | 10x | as long as short |
| MEXC TRUST_USDTshort | +0.0516% | 4h | 0.06179 | −0.032% | $215K | $105K | 50x | |
| Aster TRUSTUSDT | +0.0637% | 4h | 0.06177 | −0.062% | $10K | $7K | 5x | as long as short |
| BingX TRUST-USDTlong | +0.2654% | 4h | 0.06181 | long leg | — | $6.5M | — | |
| Bybit TRUSTUSDT | +0.2943% | 4h | 0.06158 | −0.372% | $534K | $449K | 25x | as long as short |
| Variational Omni TRUST | +0.3462% | 4h | 0.06154 | −0.430% | $56K | $409 | — | as long as short |
OKX TRUST-USDT-SWAP
Gate TRUST_USDT
KuCoin TRUSTUSDTM
Bitget TRUSTUSDT
Binance TRUSTUSDT
Aster TRUSTUSDT
Bybit TRUSTUSDT
Variational Omni TRUST