GFS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCGFSSTOCK_USDT	48.780	0	0.0000% / 8h	53m 39s	$149K	$101K	20x	Long MEXC
SHORT	BingXNCSKGFS2USD-USDT	48.814	+0.0050	get 0.0050% / 8h	53m 39s	$914K	$1.2M	—	Short BingX

Price gap+0.070%

Funding gap+0.0050% /8h

Both sides work: funding pays +$2 a day on $10k, and the gap is 0.051% above its 7d average: +$5 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$14+0.0050% /8h now · paid +0.142% over the last 7D

Price+$5spread +0.070% now, avg +0.018% → +0.051% if it goes back

Costs−$2112.115% of $10k · taker + slippage, in and out

Result−$192−1.92%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.070%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

GFS on 7 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size61.3 / 42.4 bp
At $10k entering MEXC costs 61.3 bp, fee and slippage, 1.4× BingX’s.
Note: Margin at max leverage$500 + —
MEXC 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$1.50Long MEXC: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
OK: Entry gap works for you+0.070% vs +0.018%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$149K vs $914K OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · BingX Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0068%/8h × 21 periods+$14.18

Price spread+0.070% → +0.018% (7d avg)+$5.13

Slippage, 4 orderslive order books−$201.47

Fee MEXC bp × 2 orders$0.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$192.16

Costs to cover2.115%Break-even101.9 days

Slippage: MEXC: live order book, 20 min ago; BingX: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC24.6061.3 bp−$61168.5 bp−$1,685202.3 bp−$20.2Kdoesn’t fit

SELL · SHORTBingX26.7342.4 bp−$4270.9 bp−$709446.0 bp−$44.6Kdoesn’t fit

Closing costs about the same again.

GFS