Funding you earn now, next payment 12:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against MEXC−0.131%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$940.942% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.131%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.138% cheaper against MEXC than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.236%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC VELODROME_USDT | 0.03050 | 0.0220 | pay 0.0110% / 4h | 3h 46m | $246K | $90K | 50x |
| Short | BingX VELODROME-USDT | 0.03046 | 0.0198 | get 0.0099% / 4h | 3h 46m | — | $1.2M | — |
MEXC VELODROME_USDT
BingX VELODROME-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
- −$4.62
- Price spread: −0.131% → +0.006%
- −$13.76
- Slippage, 4 orders
- −$80.16
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$112.54
- Costs to cover
- 0.942%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 33 min ago; BingX: live order book, 10 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, 33 min ago | 1.65 bp | 12.6 bp −$13 | 91.8 bp −$918 | 284.8 bp −$28.5K | 585.5 bp −$292.8K |
| Sell BingX live order book, 10 min ago | 11.54 bp | 30.4 bp −$30 | 124.3 bp −$1,243 | 683.8 bp −$68.4K | doesn't fit |
VELODROME on 7 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 VELODROMEUSDT | +0.0100% | 4h | 0.03046 | −0.131% | $829K | $400K | 20x | as long as short |
| Bitget VELODROMEUSDT | +0.0100% | 4h | 0.03046 | −0.125% | $540K | $24K | 20x | as long as short |
| Variational Omni VELODROME | +0.0100% | 4h | 0.03036 | −0.466% | $71K | $11K | — | as long as short |
| BingX VELODROME-USDTshort | +0.0198% | 4h | 0.03046 | −0.131% | — | $1.2M | — | |
| MEXC VELODROME_USDTlong | +0.0220% | 4h | 0.03050 | long leg | $246K | $90K | 50x | |
| Binance VELODROMEUSDT | +0.0250% | 4h | 0.03050 | +0.015% | $7.9M | $1.5M | 50x | as long as short |
| Gate VELODROME_USDT | +0.1022% | 4h | 0.03048 | −0.066% | $129K | $8K | 20x | as long as short |
Bybit VELODROMEUSDT
Bitget VELODROMEUSDT
Variational Omni VELODROME
Binance VELODROMEUSDT
Gate VELODROME_USDT