Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h +0.013%
Price spread now: MEXC against Bitget−0.049%7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$270.265% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)−0.307%−$31 · spread now −0.049%, 7d avg −0.194%
=The price spread pays, funding is against you. MEXC is 0.145% dearer against Bitget than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.194%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HSIUSDT | 25,131 | 0 | get 0.0000% / 8h | 3h 29m | $42K | $415K | 20x |
| Short | MEXC HK50_USDT | 25,118.7 | −0.0039 | pay 0.0039% / 8h | 3h 29m | $8.6M | $167K | 20x |
Bitget HSIUSDT
MEXC HK50_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
- −$8.19
- Price spread: −0.049% → −0.194%
- $14.49
- Slippage, 4 orders
- −$14.51
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$20.2
- Costs to cover
- 0.265%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 56 min ago; MEXC: 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 Bitget live order book, 56 min ago | 0.40 bp | 8.6 bp −$9 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 3.00 bp | 5.0 bp −$5 | 46.6 bp −$466 | 251.1 bp −$25.1K | 389.4 bp −$194.7K |
HSI on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC HK50_USDTshort | −0.0039% | 8h | 25,118.7 | −0.049% | $8.6M | $167K | 20x | |
| Bitget HSIUSDTlong | 0.0000% | 8h | 25,131 | long leg | $42K | $415K | 20x |