Funding you earn now, next payment 02:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h +0.022%
Price spread now: MEXC against Hibachi+0.245%47s7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.023% of the position
Funding, last 7 days−0.290%−$29 on $10k
+Price spread, last 4 days (all we have)−0.433%−$43 · spread now +0.245%, 7d avg +0.068%
=Together, before fees−0.723%+ Points / potential airdropHibachi: Active · farm board−$72 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.177% dearer against Hibachi than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.290%, so the current rate has only just turned in your favour. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi JPY/USDT-P | 0.006352 | 0.0136 | pay 0.0017% / 1h | 15m 42s | $8K | $103K | 20x |
| Short | MEXC JPY_USDT | 0.006368 | 0.0400 | get 0.0200% / 4h | 2h 15m | $14.7M | $145K | 100x |
Hibachi JPY/USDT-P
MEXC JPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Hibachi. 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
- $55.44
- Price spread: +0.245% → +0.068%
- $17.74
- Slippage, 4 orders
- −$89.29
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$29.12
- Costs to cover
- 1.023%
- Break-even
- 10.7 days
Slippage from Hibachi: live order book, 53 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 Hibachi live order book, 53 min ago | 2.36 bp | 23.5 bp −$24 | 92.2 bp −$922 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 13.35 bp | 36.3 bp −$36 | 68.0 bp −$680 | 114.1 bp −$11.4K | doesn't fit |
JPY on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest JPY-USD-PERP | +0.0031% | 1h | 0.006388 | +0.560% | — | $155K | 100x | as long as short |
| Hibachi JPY/USDT-Plong | +0.0136% | 1h | 0.006352 | long leg | $8K | $103K | 20x | |
| MEXC JPY_USDTshort | +0.0400% | 4h | 0.006368 | +0.245% | $14.7M | $145K | 100x |
Vest JPY-USD-PERP