Funding you earn now, next payment 08:00 UTC+0.0462%/8h= +50.6% APRnext payment +$2.31 per $10,000 · paid last 24h +0.031%
Price spread now: BingX against MEXC−0.050%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$740.737% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now −0.050%, 7d avg −0.015%
=Funding pays, the price is against you. BingX is 0.034% cheaper against MEXC than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.015%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.082% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.31 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 | MEXC USELESS_USDT | 0.2616 | 0.0360 | pay 0.0180% / 4h | 3h 31m | $10.5M | $6.0M | 50x |
| Short | BingX USELESS-USDT | 0.2615 | 0.0822 | get 0.0411% / 4h | 3h 31m | — | $5.3M | — |
MEXC USELESS_USDT
BingX USELESS-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
- $97.02
- Price spread: −0.050% → −0.015%
- −$3.45
- Slippage, 4 orders
- −$55.75
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $19.83
- Costs to cover
- 0.737%
- Break-even
- 5.6 days
Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 4 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 | 0.19 bp | 9.7 bp −$10 | 43.1 bp −$431 | 121.4 bp −$12.1K | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.83 bp | 20.4 bp −$20 | 70.0 bp −$700 | 360.8 bp −$36.1K | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2608 | −0.306% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2610 | −0.245% | $28K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2617 | +0.019% | $25K | $233K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2611 | −0.183% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2602 | −0.535% | $18K | $520K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2613 | −0.126% | $599K | $1.1M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0161% | 1h | 0.2622 | +0.226% | $36K | $696K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0168% | 1h | 0.2612 | −0.153% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0190% | 4h | 0.2619 | +0.115% | $8.9M | $63.3M | 10x | as long as short |
| Bitget USELESSUSDT | +0.0204% | 4h | 0.2616 | +0.004% | $5.0M | $10.3M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
ApeX Omni USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0218% | 4h | 0.2610 | −0.226% | $4.7M | $10.7M | 12x | as long as short |
| Aster USELESSUSDT | +0.0261% | 4h | 0.2610 | −0.218% | $516K | $2.4M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0346% | 4h | 0.2620 | +0.132% | $19K | $197K | 10x | as long as short |
| Binance USELESSUSDT | +0.0360% | 4h | 0.2611 | −0.193% | $21.8M | $121.7M | 50x | as long as short |
| Extended USELESS-USD | +0.0360% | 1h | 0.2608 | −0.307% | $112K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDTlong | +0.0360% | 4h | 0.2616 | long leg | $10.5M | $6.0M | 50x | |
| Hyperliquid USELESS | +0.0390% | 1h | 0.2619 | +0.120% | $11.5M | $22.7M | 3x | as long as short |
| Gate USELESS_USDT | +0.0462% | 4h | 0.2607 | −0.352% | $6.5M | $8.6M | 50x | as long as short |
| Variational Omni USELESS | +0.0590% | 4h | 0.2630 | +0.516% | $1.1M | $1.8M | — | as long as short |
| BingX USELESS-USDTshort | +0.0822% | 4h | 0.2615 | −0.050% | — | $5.3M | — | |
| Bybit USELESSUSDT | +0.0920% | 4h | 0.2615 | −0.054% | $24.7M | $48.5M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1063% | 4h | 0.2619 | +0.115% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1301% | 4h | 0.2612 | −0.138% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2767 | +5.760% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Aster USELESSUSDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
Gate USELESS_USDT
Variational Omni USELESS
Bybit USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP