SITM

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKSITMUSDT-USDT	717.68	+0.0200	pay 0.0200% / 8h	1h 41m	$915K	$1.3M	—	Long BingX
SHORT	MEXCSITMSTOCK_USDT	712.49	0	0.0000% / 8h	1h 41m	$755K	$92K	20x	Short MEXC

Price gap−0.723%

Funding gap−0.0200% /8h

Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.726% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$8−0.0200% /8h now · paid −0.084% over the last 7D

Price−$73spread −0.723% now, avg +0.003% → −0.726% if it goes back

Costs−$6116.108% of $10k · taker + slippage, in and out

Result−$692−6.92%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.084% in total, about −0.0040%/8h on average.

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−0.723%

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

SITM on 3 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size93.7 / 127.2 bp
At $10k entering MEXC costs 127.2 bp, fee and slippage, 1.4× BingX’s.
Note: Margin at max leverage— + $500
BingX —, MEXC 20x. 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: −$6.00Long BingX: 3 payments, −$6.00; short MEXC: 3 payments, $0.00.
Watch: Gap narrower than usual−0.723% vs +0.003%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$755K vs $915K OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · MEXC Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0040%/8h × 21 periods−$8.37

Price spread−0.723% → +0.003% (7d avg)−$72.60

Slippage, 4 orderslive order books−$600.78

Fee BingX bp × 2 orders−$10.00

Fee MEXC bp × 2 orders$0.00

Net · 7 days · $10k−$691.76

Costs to cover6.108%Break-evennever at this rate

Slippage: BingX: live order book, 2 min ago; MEXC: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX8.5093.7 bp−$94133.6 bp−$1,336628.0 bp−$62.8Kdoesn’t fit

SELL · SHORTMEXC20.73127.2 bp−$127218.3 bp−$2,183243.3 bp−$24.3Kdoesn’t fit

Closing costs about the same again.