Funding you earn now, next payment 08:00 UTC+0.0800%/8h= +87.6% APRnext payment +$8.00 per $10,000 · paid last 24h +0.081%
Price spread now: MEXC against Bitget−0.104%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1741.736% of the position
Funding, last 7 days+0.246%+$25 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.104%, 7d avg +0.025%
=Funding pays, the price is against you. MEXC is 0.129% cheaper against Bitget than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of +0.025%). If the spread goes back, that is −$13 on $10k: about 13 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.246% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.246% in total (about 12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BITOUSDT | 11.542 | 0 | get 0.0000% / 8h | 3h 54m | $728K | $1.3M | 20x |
| Short | MEXC BITO_USDT | 11.530 | 0.0800 | get 0.0800% / 8h | 3h 54m | $122K | $84K | 20x |
Bitget BITOUSDT
MEXC BITO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. 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
- $168
- Price spread: −0.104% → +0.025%
- −$12.85
- Slippage, 4 orders
- −$161.56
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$18.41
- Costs to cover
- 1.736%
- Break-even
- 7.8 days
Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 35 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 Bitget live order book, 2 min ago | 22.94 bp | 66.8 bp −$67 | 119.6 bp −$1,196 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 35 min ago | 4.33 bp | 31.9 bp −$32 | 120.0 bp −$1,200 | 224.9 bp −$22.5K | doesn't fit |
BITO on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX BITOUSDC | −0.0793% | 4h | 11.553 | +0.095% | $24K | $270K | 10x | as long as short |
| Bybit BITOUSDT | 0.0000% | 8h | 11.539 | −0.026% | $36K | $36K | 25x | as long as short |
| Gate BITO_USDT | 0.0000% | 8h | 11.541 | −0.009% | $29K | $34K | 20x | as long as short |
| Bitget BITOUSDTlong | 0.0000% | 8h | 11.542 | long leg | $728K | $1.3M | 20x | |
| HTX BITO-USDT | 0.0000% | 8h | 11.560 | +0.156% | $5K | $286K | 10x | as long as short |
| MEXC BITO_USDTshort | +0.0800% | 8h | 11.530 | −0.104% | $122K | $84K | 20x | |
| Binance BITOUSDT | +0.0803% | 8h | 11.556 | +0.125% | $259K | $2.0M | 25x | as long as short |
edgeX BITOUSDC
Bybit BITOUSDT
Gate BITO_USDT
HTX BITO-USDT
Binance BITOUSDT