Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.04 per $10,000 · paid last 24h +0.003%
Price spread now: MEXC against BingX−0.071%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1911.907% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.071%, 7d avg −0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.060% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX WAVES-USDT | 0.2807 | 0.0324 | pay 0.0324% / 8h | 2h 40m | — | $1.3M | — |
| Short | MEXC WAVES_USDT | 0.2805 | 0.0328 | get 0.0328% / 8h | 2h 40m | $469K | $127K | 20x |
BingX WAVES-USDT
MEXC WAVES_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- $0.84
- Price spread: −0.071% → −0.012%
- −$5.96
- Slippage, 4 orders
- −$176.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$195.8
- Costs to cover
- 1.907%
- Break-even
- 1638.7 days
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 64 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 BingX live order book, 10 min ago | 7.11 bp | 56.1 bp −$56 | 152.4 bp −$1,524 | 496.6 bp −$49.7K | 573.5 bp −$286.8K |
| Sell MEXC live order book, 64 min ago | 3.54 bp | 33.5 bp −$34 | 60.9 bp −$609 | 103.2 bp −$10.3K | doesn't fit |
WAVES on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WAVESUSDTM | +0.0100% | 8h | 0.2819 | +0.428% | $361K | $35K | 20x | as long as short |
| Bybit WAVESUSDT | +0.0323% | 8h | 0.2805 | −0.071% | $1.6M | $1.5M | 20x | as long as short |
| BingX WAVES-USDTlong | +0.0324% | 8h | 0.2807 | long leg | — | $1.3M | — | |
| MEXC WAVES_USDTshort | +0.0328% | 8h | 0.2805 | −0.071% | $469K | $127K | 20x | |
| BloFin WAVES-USDT | +0.0335% | 8h | 0.2810 | +0.107% | $90K | $23K | 20x | as long as short |
| Variational Omni WAVES | +0.0377% | 8h | 0.2807 | +0.002% | $275 | $2K | — | as long as short |
KuCoin WAVESUSDTM
Bybit WAVESUSDT
BloFin WAVES-USDT
Variational Omni WAVES