Funding you earn now, next payment 04:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.70 per $10,000 · paid last 24h −0.037%
Price spread now: Bitget against MEXC−0.238%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2302.304% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.238%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.225% cheaper against MEXC than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC WET_USDT | 0.07157 | 0.0240 | pay 0.0120% / 4h | 51m 20s | $178K | $166K | 50x |
| Short | Bitget WETUSDT | 0.07140 | 0.0100 | get 0.0050% / 4h | 51m 20s | $593K | $183K | 25x |
MEXC WET_USDT
Bitget WETUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$29.4
- Price spread: −0.238% → −0.013%
- −$22.48
- Slippage, 4 orders
- −$214.37
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$282.24
- Costs to cover
- 2.304%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 44 min ago; Bitget: live order book, 4 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, 44 min ago | 0.68 bp | 20.0 bp −$20 | 87.6 bp −$876 | 273.0 bp −$27.3K | doesn't fit |
| Sell Bitget live order book, 4 min ago | 11.27 bp | 71.8 bp −$72 | 633.6 bp −$6,336 | doesn't fit | doesn't fit |
WET on 10 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 WETUSDT | +0.0100% | 4h | 0.07143 | −0.196% | $1.6M | $1.5M | 50x | as long as short |
| OKX WET-USDT-SWAP | +0.0100% | 4h | 0.07164 | +0.098% | $809K | $3.6M | 20x | as long as short |
| Gate WET_USDT | +0.0100% | 8h | 0.07138 | −0.265% | $1.1M | $80K | 50x | as long as short |
| KuCoin WETUSDTM | +0.0100% | 4h | 0.07135 | −0.307% | $693K | $737K | 50x | as long as short |
| Bitget WETUSDTshort | +0.0100% | 4h | 0.07140 | −0.238% | $593K | $183K | 25x | |
| BloFin WET-USDT | +0.0130% | 4h | 0.07118 | −0.545% | $91K | $11K | 50x | as long as short |
| Binance WETUSDT | +0.0230% | 4h | 0.07156 | −0.014% | $1.4M | $5.1M | 50x | as long as short |
| MEXC WET_USDTlong | +0.0240% | 4h | 0.07157 | long leg | $178K | $166K | 50x | |
| BingX WET-USDT | +0.0256% | 4h | 0.07155 | −0.028% | — | $6.6M | — | as long as short |
| Aster WETUSDT | +0.0770% | 4h | 0.07122 | −0.485% | $15K | $35K | 5x | as long as short |
Bybit WETUSDT
OKX WET-USDT-SWAP
Gate WET_USDT
KuCoin WETUSDTM
BloFin WET-USDT
Binance WETUSDT
BingX WET-USDT
Aster WETUSDT