Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against MEXC−0.031%49s7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$900.896% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.031%, 7d avg +0.024%
=Funding pays, the price is against you. BloFin is 0.055% cheaper against MEXC than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.024%). If the spread goes back, that is −$5 on $10k: about 6.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.011% in total) that is about 34 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC US_USDT | 0.01637 | 0.0274 | pay 0.0137% / 4h | 1h 10m | $5.5M | $116K | 100x |
| Short | BloFin US-USDT | 0.01637 | 0.0302 | get 0.0151% / 4h | 1h 10m | $476K | $49K | 10x |
MEXC US_USDT
BloFin US-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $5.88
- Price spread: −0.031% → +0.024%
- −$5.48
- Slippage, 4 orders
- −$73.55
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$89.15
- Costs to cover
- 0.896%
- Break-even
- 113.1 days
Slippage from MEXC: live order book, 2 min ago; BloFin: 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, 2 min ago | 0.61 bp | 22.7 bp −$23 | 69.9 bp −$699 | 403.0 bp −$40.3K | doesn't fit |
| Sell BloFin live order book, 5 min ago | 3.67 bp | 30.0 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.0242% | 4h | 0.01633 | −0.244% | $4.2M | $278K | 20x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01638 | +0.061% | $3.2M | $858K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01634 | −0.208% | $2.1M | $556K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01635 | −0.104% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0217% | 4h | 0.01636 | −0.079% | $12K | $55K | 5x | as long as short |
| Extended US-USD | +0.0272% | 1h | 0.01636 | −0.039% | $4K | $141K | 5x | as long as short |
| MEXC US_USDTlong | +0.0274% | 4h | 0.01637 | long leg | $5.5M | $116K | 100x | |
| BloFin US-USDTshort | +0.0302% | 4h | 0.01637 | −0.031% | $476K | $49K | 10x | |
| Binance USUSDT | +0.0307% | 4h | 0.01637 | +0.005% | $9.2M | $3.1M | 10x | as long as short |
| BingX US-USDT | +0.0418% | 4h | 0.01637 | +0.006% | — | $1.3M | — | as long as short |
KuCoin USUSDTM
Bybit USUSDT
Gate US_USDT
Variational Omni US
Aster USUSDT
Extended US-USD
Binance USUSDT
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDT | +0.0466% | 4h | 0.01636 | −0.073% | $4.3M | $248K | 10x | as long as short |
Bitget USUSDT