Funding you earn now, next payment 16:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.008%
Price spread now: Bitget against MEXC−0.019%7-day average +0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 4 days (all we have)+0.297%+$30 · spread now −0.019%, 7d avg +0.187%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.206% cheaper against MEXC than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.187%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC HK50_USDT | 25,078.7 | 0.0035 | pay 0.0035% / 8h | 7h 45m | $8.6M | $166K | 20x |
| Short | Bitget HSIUSDT | 25,074 | 0 | get 0.0000% / 8h | 7h 45m | $42K | $413K | 20x |
MEXC HK50_USDT
Bitget HSIUSDTFunding 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
- −$7.35
- Price spread: −0.019% → +0.187%
- −$20.57
- Slippage, 4 orders
- −$8.05
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$47.97
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 21 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 | 1.50 bp | 1.5 bp −$2 | 1.5 bp −$15 | 90.0 bp −$8,999 | 166.5 bp −$83.3K |
| Sell Bitget live order book, 21 min ago | 0.80 bp | 8.7 bp −$9 | 12.2 bp −$122 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget HSIUSDTshort | 0.0000% | 8h | 25,074 | −0.019% | $42K | $413K | 20x | |
| MEXC HK50_USDTlong | +0.0035% | 8h | 25,078.7 | long leg | $8.6M | $166K | 20x |