Funding you earn now, next payment 16:00 UTC+0.0743%/8h= +81.4% APRnext payment +$7.43 per $10,000 · paid last 24h +0.007%
Price spread now: MEXC against Bitget−0.079%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$740.742% of the position
Funding, last 7 days+0.290%+$29 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.079%, 7d avg −0.030%
=Funding pays, the price is against you. MEXC is 0.049% cheaper against Bitget than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.030%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.290% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.290% in total (about 15.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.43 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOXXUSDT | 559.13 | 0 | get 0.0000% / 8h | 5h 56m | $2.7M | $727K | 20x |
| Short | MEXC SOXX_USDT | 558.69 | 0.0743 | get 0.0743% / 8h | 5h 56m | $2.7M | $115K | 50x |
Bitget SOXXUSDT
MEXC SOXX_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
- $156.03
- Price spread: −0.079% → −0.030%
- −$4.89
- Slippage, 4 orders
- −$62.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $76.93
- Costs to cover
- 0.742%
- Break-even
- 3.5 days
Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago | 2.32 bp | 15.7 bp −$16 | 37.5 bp −$375 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 7.42 bp | 7.6 bp −$8 | 8.4 bp −$84 | 142.1 bp −$14.2K | doesn't fit |
SOXX on 5 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOXXUSDT | 0.0000% | 8h | 558.21 | −0.165% | $510K | $497K | 25x | as long as short |
| Gate SOXX_USDT | 0.0000% | 8h | 558.90 | −0.041% | $1.1M | $368K | 20x | as long as short |
| Bitget SOXXUSDTlong | 0.0000% | 8h | 559.13 | long leg | $2.7M | $727K | 20x | |
| HTX SOXX-USDT | 0.0000% | 8h | 558.05 | −0.193% | $7K | $40K | 10x | as long as short |
| MEXC SOXX_USDTshort | +0.0743% | 8h | 558.69 | −0.079% | $2.7M | $115K | 50x |
Bybit SOXXUSDT
Gate SOXX_USDT
HTX SOXX-USDT