VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against MEXC+0.097%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.406%+$41 on $10k

Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.097%, 7d avg +0.003%

Together, before fees+0.244%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.094% dearer against MEXC than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VIRTUAL_USDT	0.7237	0.0100	pay 0.0050% / 4h	57m 11s	$17.7M	$4.2M	100x
Short	BloFin VIRTUAL-USDT	0.7244	0.0340	get 0.0170% / 4h	57m 11s	$809K	$822K	75x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BloFinbpOrdersPrice spread, now +0.097%Rate

Funding earned: $50.4
Price spread: +0.097% → +0.003%: $9.36
Slippage, 4 orders: −$12.05
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $35.71
Costs to cover: 0.241%
Break-even: 2.0 days

Slippage from MEXC: live order book, 6 min ago; BloFin: live order book, 20 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, 6 min ago	0.69 bp	3.6 bp −$4	8.5 bp −$85	81.2 bp −$8,115	250.1 bp −$125.1K
Sell BloFin live order book, 20 min ago	1.39 bp	9.4 bp −$9	19.0 bp −$190	66.7 bp −$6,665	doesn't fit

VIRTUAL on 33 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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0164%	1h	0.7239	+0.028%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7240	+0.041%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0064%	1h	0.7241	+0.055%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0045%	1h	0.7230	−0.099%	$11K	$39K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7242	+0.066%	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.658%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0040%	1h	0.7234	−0.047%	$329K	$413K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7240	+0.041%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7243	+0.082%	$191K	$91K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7242	+0.069%	$72K	$44K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7241	+0.055%	$16.5M	$37.9M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7244	+0.097%	$15.8M	$16.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7246	+0.124%	$2.8M	$9.3M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7241	+0.055%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDTlong	+0.0100%	4h	0.7237	long leg	$17.7M	$4.2M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7242	+0.069%	$4.4M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7244	+0.097%	$6.2M	$5.4M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7240	+0.041%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7244	+0.097%	$241K	$159K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7215	−0.311%	$528K	$876K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7229	−0.116%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7227	−0.137%	$640K	$918K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7229	−0.111%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7245	+0.116%	$33K	$906K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7240	+0.041%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7238	+0.018%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7236	−0.013%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7237	−0.003%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7242	+0.071%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDTshort	+0.0340%	4h	0.7244	+0.097%	$809K	$822K	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7244	+0.097%	$197K	$96K	50x	as long as short
Hyperliquid VIRTUAL	+0.0495%	1h	0.7250	+0.184%	$8.9M	$3.9M	5x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0868%	1h	0.7253	+0.227%	$591K	$595K	50x	as long as short