Funding you earn now, next payment 05:00 UTC+0.0369%/8h= +40.4% APRpaid last 24h +0.013%
Price spread now: MEXC against Vest−0.470%7-day average −0.429% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)−0.190%−$19 · spread now −0.470%, 7d avg −0.429%
=Together, before fees−0.142%+ Points / potential airdropVest: Active · farm board−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.041% cheaper against Vest than usual: you would sell low and buy high (spread −0.470% now, against its 7-day average of −0.429%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$11 a day). At the pace of the last 3 days (+0.048% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.048% in total (about 5.2% a year). A funding rate is set anew for every payment. 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 | Vest JPY-USD-PERP | 0.006385 | 0.0031 | pay 0.0004% / 1h | 47m 09s | — | $137K | 100x |
| Short | MEXC JPY_USDT | 0.006355 | 0.0400 | get 0.0200% / 4h | 3h 47m | $14.7M | $138K | 100x |
Vest JPY-USD-PERP
MEXC JPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Vest. 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
- $77.45
- Price spread: −0.470% → −0.429%
- −$4.09
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $67.35
- Costs to cover
- 0.060%
- Break-even
- 0.9 days
Slippage unknown: Vest: no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 1 min ago | 7.87 bp | 31.5 bp −$32 | 62.7 bp −$627 | 105.9 bp −$10.6K | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPlong | +0.0031% | 1h | 0.006385 | long leg | — | $137K | 100x | |
| Hibachi JPY/USDT-P | +0.0040% | 1h | 0.006350 | −0.555% | $9K | $101K | 20x | as long as short |
| MEXC JPY_USDTshort | +0.0400% | 4h | 0.006355 | −0.470% | $14.7M | $138K | 100x |
Hibachi JPY/USDT-P