Funding you earn now, next payment 04:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.013%
Price spread now: BingX against MEXC+0.123%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1091.095% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.123%, 7d avg +0.004%
=The price spread pays, funding is against you. BingX is 0.119% dearer against MEXC than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.004%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.024% in total) that is about 35 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC TST_USDT | 0.01625 | 0.1136 | pay 0.0568% / 4h | 2h 50m | $460K | $152K | 50x |
| Short | BingX TST-USDT | 0.01627 | 0.1102 | get 0.0551% / 4h | 2h 50m | — | $1.3M | — |
MEXC TST_USDT
BingX TST-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
- −$7.14
- Price spread: +0.123% → +0.004%
- $11.93
- Slippage, 4 orders
- −$95.47
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$104.68
- Costs to cover
- 1.095%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 8 min ago; BingX: live order book, 9 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, 8 min ago | 3.07 bp | 26.3 bp −$26 | 86.7 bp −$867 | 365.3 bp −$36.5K | 662.4 bp −$331.2K |
| Sell BingX live order book, 9 min ago | 9.19 bp | 29.9 bp −$30 | 108.6 bp −$1,086 | 821.7 bp −$82.2K | doesn't fit |
TST on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSTUSDT | +0.0692% | 4h | 0.01626 | +0.043% | $14K | $10K | 5x | as long as short |
| BingX TST-USDTshort | +0.1102% | 4h | 0.01627 | +0.123% | — | $1.3M | — | |
| MEXC TST_USDTlong | +0.1136% | 4h | 0.01625 | long leg | $460K | $152K | 50x | |
| Binance TSTUSDT | +0.1142% | 4h | 0.01626 | +0.062% | $3.0M | $4.4M | 20x | as long as short |
| Extended TST-USD | +0.1144% | 1h | 0.01626 | +0.038% | $5K | $119K | 5x | as long as short |
Aster TSTUSDT
Binance TSTUSDT
Extended TST-USD