Funding you earn now, next payment 12:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.64 per $10,000 · paid last 24h +0.022%
Price spread now: BingX against MEXC−0.079%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1491.493% of the position
Funding, last 7 days−0.274%−$27 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.079%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.057% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC XNY_USDT | 0.006363 | 0.2566 | pay 0.1283% / 4h | 3h 56m | $195K | $100K | 100x |
| Short | BingX XNY-USDT | 0.006358 | 0.2438 | get 0.1219% / 4h | 3h 56m | — | $1.3M | — |
MEXC XNY_USDT
BingX XNY-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
- −$26.88
- Price spread: −0.079% → −0.022%
- −$5.69
- Slippage, 4 orders
- −$135.33
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$181.9
- Costs to cover
- 1.493%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 14 min ago; BingX: live order book, 3 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, 14 min ago | 0.79 bp | 42.5 bp −$43 | 76.1 bp −$761 | 212.7 bp −$21.3K | doesn't fit |
| Sell BingX live order book, 3 min ago | 5.51 bp | 44.6 bp −$45 | 268.9 bp −$2,689 | doesn't fit | doesn't fit |
XNY on 9 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 XNYUSDT | +0.0100% | 4h | 0.006361 | −0.031% | $441K | $37K | 5x | as long as short |
| KuCoin XNYUSDTM | +0.0100% | 4h | 0.006369 | +0.094% | $304K | $16K | 10x | as long as short |
| Variational Omni XNY | +0.0100% | 4h | 0.006365 | +0.034% | $52K | $2K | — | as long as short |
| Gate XNY_USDT | +0.1072% | 4h | 0.006380 | +0.267% | $214K | $16K | 10x | as long as short |
| Aster XNYUSDT | +0.2102% | 4h | 0.006352 | −0.177% | $6K | $6K | 5x | as long as short |
| BingX XNY-USDTshort | +0.2438% | 4h | 0.006358 | −0.079% | — | $1.3M | — | |
| MEXC XNY_USDTlong | +0.2566% | 4h | 0.006363 | long leg | $195K | $100K | 100x | |
| Binance XNYUSDT | +0.2570% | 4h | 0.006358 | −0.079% | $3.7M | $1.1M | 10x | as long as short |
| BloFin XNY-USDT | +0.2607% | 4h | 0.006363 | 0.000% | $229K | $6K | 10x | as long as short |
Bybit XNYUSDT
KuCoin XNYUSDTM
Variational Omni XNY
Gate XNY_USDT
Aster XNYUSDT
Binance XNYUSDT
BloFin XNY-USDT