Funding you earn now, next payment 08:00 UTC−0.0812%/8h= −88.9% APRnext payment −$8.12 per $10,000 · paid last 24h −0.081%
Price spread now: Bitget against MEXC+0.009%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1671.672% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.009%, 7d avg −0.021%
=The price spread pays, funding is against you. Bitget is 0.029% dearer against MEXC than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.021%): +$3 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.246% in total) that is about 20 hours.
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 −$8.12 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 | MEXC BITO_USDT | 11.500 | 0.0812 | pay 0.0812% / 8h | 2h 17m | $121K | $86K | 20x |
| Short | Bitget BITOUSDT | 11.501 | 0 | get 0.0000% / 8h | 2h 17m | $1.2M | $1.5M | 20x |
MEXC BITO_USDT
Bitget BITOUSDTFunding 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
- −$170.52
- Price spread: +0.009% → −0.021%
- $2.93
- Slippage, 4 orders
- −$155.18
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$334.77
- Costs to cover
- 1.672%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 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, 3 min ago | 8.70 bp | 50.7 bp −$51 | 136.7 bp −$1,367 | 231.2 bp −$23.1K | doesn't fit |
| Sell Bitget live order book, 4 min ago | 29.61 bp | 39.6 bp −$40 | 48.4 bp −$484 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BITOUSDT | 0.0000% | 8h | 11.496 | −0.035% | $34K | $36K | 25x | as long as short |
| Gate BITO_USDT | 0.0000% | 8h | 11.508 | +0.070% | $29K | $34K | 20x | as long as short |
| Bitget BITOUSDTshort | 0.0000% | 8h | 11.501 | +0.009% | $1.2M | $1.5M | 20x | |
| HTX BITO-USDT | 0.0000% | 8h | 11.500 | 0.000% | $5K | $285K | 10x | as long as short |
| edgeX BITOUSDC | +0.0417% | 4h | 11.493 | −0.061% | $23K | $272K | 10x | as long as short |
| Binance BITOUSDT | +0.0808% | 8h | 11.501 | +0.012% | $257K | $2.0M | 25x | as long as short |
| MEXC BITO_USDTlong | +0.0812% | 8h | 11.500 | long leg | $121K | $86K | 20x |
Bybit BITOUSDT
Gate BITO_USDT
HTX BITO-USDT
edgeX BITOUSDC
Binance BITOUSDT