Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.010%
Price spread now: BingX against MEXC+0.037%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1901.904% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now +0.037%, 7d avg +0.090%
=Funding pays, the price is against you. BingX is 0.053% cheaper against MEXC than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.090%). If the spread goes back, that is −$5 on $10k: about 13 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.098% in total) that is about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC US_USDT | 0.01641 | 0.0386 | pay 0.0193% / 4h | 1h 16m | $5.5M | $114K | 100x |
| Short | BingX US-USDT | 0.01641 | 0.0400 | get 0.0200% / 4h | 1h 16m | — | $1.3M | — |
MEXC US_USDT
BingX US-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
- $2.94
- Price spread: +0.037% → +0.090%
- −$5.31
- Slippage, 4 orders
- −$176.41
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$192.79
- Costs to cover
- 1.904%
- Break-even
- 466.0 days
Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 5 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 | 3.96 bp | 39.9 bp −$40 | 77.1 bp −$771 | 472.2 bp −$47.2K | doesn't fit |
| Sell BingX live order book, 5 min ago | 9.44 bp | 56.4 bp −$56 | 79.3 bp −$793 | 865.8 bp −$86.6K | 1418.9 bp −$709.5K |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01640 | −0.049% | $3.2M | $919K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01637 | −0.219% | $2.1M | $598K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01637 | −0.238% | $4.1M | $287K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01642 | +0.079% | $16K | $3K | — | as long as short |
| BloFin US-USDT | +0.0370% | 4h | 0.01641 | +0.024% | $483K | $49K | 10x | as long as short |
| Extended US-USD | +0.0376% | 1h | 0.01640 | −0.035% | $5K | $97K | 5x | as long as short |
| Binance USUSDT | +0.0376% | 4h | 0.01641 | −0.006% | $9.1M | $3.3M | 10x | as long as short |
| MEXC US_USDTlong | +0.0386% | 4h | 0.01641 | long leg | $5.5M | $114K | 100x | |
| Aster USUSDT | +0.0392% | 4h | 0.01639 | −0.116% | $12K | $54K | 5x | as long as short |
| BingX US-USDTshort | +0.0400% | 4h | 0.01641 | +0.037% | — | $1.3M | — |
Bybit USUSDT
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
BloFin US-USDT
Extended US-USD
Binance USUSDT
Aster USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDT | +0.0402% | 4h | 0.01642 | +0.098% | $4.3M | $259K | 10x | as long as short |
Bitget USUSDT