Settings8H · net · $10k
Funding arb · Price arb /

USUAL

all USUAL markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC+0.185%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$810.808% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.235%−$23 · spread now +0.185%, 7d avg +0.119%
Together, before fees−0.235%−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.066% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.119%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC USUAL_USDT0.013500.0100pay 0.0050% / 4h2h 52m$5.9M$266K100x
ShortBitget USUALUSDT0.013530.0100get 0.0050% / 4h2h 52m$818K$510K50x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.185% → +0.119%
$6.57
Slippage, 4 orders
−$64.84
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$74.27
Costs to cover
0.808%
Break-even
never at this rate
Slippage from MEXC: live order book, just now; Bitget: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, just now6.67 bp13.9 bp −$14135.0 bp −$1,350900.5 bp −$90.1Kdoesn't fit
Sell Bitget live order book, 33 min ago11.03 bp27.5 bp −$27157.1 bp −$1,571doesn't fitdoesn't fit

USUAL on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective USUAL/USDC PERP−0.4964%1h0.01339−0.852%$6K$2K5.5xas long as short
Kraken Futures PF_USUALUSD−0.0747%1h0.01350−0.016%$110K$25K10xas long as short
Hyperliquid USUAL+0.0100%1h0.01352+0.111%$385K$240K3xas long as short
Binance USUALUSDT+0.0100%4h0.01350−0.013%$2.1M$3.6M50xas long as short
Bybit USUALUSDT+0.0100%4h0.01352+0.133%$995K$969K25xas long as short
Gate USUAL_USDT+0.0100%8h0.01352+0.111%$903K$250K50xas long as short
MEXC USUAL_USDTlong+0.0100%4h0.01350long leg$5.9M$266K100x
KuCoin USUALUSDTM+0.0100%4h0.01354+0.259%$280K$66K20xas long as short
Bitget USUALUSDTshort+0.0100%4h0.01353+0.185%$818K$510K50x
BingX USUAL-USDT+0.0100%4h0.01351+0.030%$1.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni USUAL+0.0100%4h0.01356+0.422%$9K$100as long as short