Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against MEXC−0.035%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1451.447% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.035%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.046% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC WAVES_USDT | 0.2835 | 0.0213 | pay 0.0213% / 8h | 24m 08s | $472K | $127K | 20x |
| Short | BingX WAVES-USDT | 0.2834 | 0.0153 | get 0.0153% / 8h | 24m 08s | — | $1.3M | — |
MEXC WAVES_USDT
BingX WAVES-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
- −$12.6
- Price spread: −0.035% → +0.011%
- −$4.59
- Slippage, 4 orders
- −$130.7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$161.89
- Costs to cover
- 1.447%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 6 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, 5 min ago | 7.03 bp | 30.5 bp −$31 | 66.2 bp −$662 | 113.2 bp −$11.3K | doesn't fit |
| Sell BingX live order book, 6 min ago | 5.28 bp | 52.6 bp −$53 | 162.2 bp −$1,622 | 541.2 bp −$54.1K | 608.9 bp −$304.4K |
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 | 0.2831 | −0.141% | $357K | $35K | 20x | as long as short |
| BingX WAVES-USDTshort | +0.0153% | 8h | 0.2834 | −0.035% | — | $1.3M | — | |
| BloFin WAVES-USDT | +0.0184% | 8h | 0.2845 | +0.353% | $90K | $23K | 20x | as long as short |
| Bybit WAVESUSDT | +0.0210% | 8h | 0.2834 | −0.035% | $1.6M | $1.4M | 20x | as long as short |
| MEXC WAVES_USDTlong | +0.0213% | 8h | 0.2835 | long leg | $472K | $127K | 20x | |
| Variational Omni WAVES | +0.0297% | 8h | 0.2842 | +0.246% | $691 | $2K | — | as long as short |
KuCoin WAVESUSDTM
BloFin WAVES-USDT
Bybit WAVESUSDT
Variational Omni WAVES