Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.010%
Price spread now: Bitget against MEXC−0.005%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.229% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now −0.005%, 7d avg −0.011%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USDC_USDT | 0.9994 | −0.0139 | get 0.0139% / 8h | 9m 45s | $19.4M | $588K | 200x |
| Short | Bitget USDCUSDT | 0.9994 | −0.0138 | pay 0.0138% / 8h | 9m 45s | $4.3M | $17K | 50x |
MEXC USDC_USDT
Bitget USDCUSDTFunding 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
- $0.21
- Price spread: −0.005% → −0.011%
- $0.63
- Slippage, 4 orders
- −$2.9
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$22.06
- Costs to cover
- 0.229%
- Break-even
- 742.2 days
Slippage from MEXC: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$412 | 4.6 bp −$2,306 |
| Sell Bitget live order book, 3 min ago | 0.50 bp | 8.3 bp −$8 | 8.6 bp −$86 | 21.8 bp −$2,180 | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0140% | 8h | 0.9995 | +0.001% | $4.4M | $3.6M | 50x | as long as short |
| MEXC USDC_USDTlong | −0.0139% | 8h | 0.9994 | long leg | $19.4M | $588K | 200x | |
| Bitget USDCUSDTshort | −0.0138% | 8h | 0.9994 | −0.005% | $4.3M | $17K | 50x | |
| Kraken Futures PF_USDCUSD | −0.0067% | 1h | 0.9997 | +0.029% | $14K | $930 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0043% | 8h | 0.9991 | −0.039% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0000 | +0.055% | $9.5M | $349K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.053% | $1.1M | $42K | 50x | as long as short |
| Gate USDC_USDT | +0.0083% | 8h | 0.9993 | −0.015% | $253K | $25K | 50x | as long as short |
Binance USDCUSDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT