Funding you earn now, next payment 16:00 UTC+0.0747%/8h= +81.8% APRnext payment +$7.47 per $10,000 · paid last 24h +0.093%
Price spread now: MEXC against Bitget−0.043%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days+0.243%+$24 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.043%, 7d avg −0.048%
=The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.243% in total (about 12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.47 per $10,000. 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 | Bitget TMFUSDT | 30.163 | 0 | get 0.0000% / 8h | 7h 11m | $165K | $92K | 20x |
| Short | MEXC TMF_USDT | 30.150 | 0.0747 | get 0.0747% / 8h | 7h 11m | $644K | $92K | 20x |
Bitget TMFUSDT
MEXC TMF_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
- $156.87
- Price spread: −0.043% → −0.048%
- $0.51
- Slippage, 4 orders
- −$121.76
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $23.62
- Costs to cover
- 1.338%
- Break-even
- 5.9 days
Slippage from Bitget: live order book, 13 min ago; MEXC: live order book, 9 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, 13 min ago | 21.87 bp | 28.2 bp −$28 | 42.6 bp −$426 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 10.02 bp | 27.6 bp −$28 | 129.4 bp −$1,294 | 208.7 bp −$20.9K | doesn't fit |
TMF on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TMFUSDC | −0.0281% | 4h | 30.056 | −0.355% | $13K | $288K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 30.150 | −0.043% | $163K | $55K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 30.100 | −0.209% | $52K | $8K | 20x | as long as short |
| Bitget TMFUSDTlong | 0.0000% | 8h | 30.163 | long leg | $165K | $92K | 20x | |
| HTX TMF-USDT | 0.0000% | 8h | 30.130 | −0.109% | $9K | $252K | 10x | as long as short |
| OKX TMF-USDT-SWAP | +0.0395% | 8h | 30.150 | −0.043% | $150K | $140K | 20x | as long as short |
| Variational Omni TMF | +0.0679% | 8h | 30.046 | −0.389% | $29K | $6K | — | as long as short |
| Binance TMFUSDT | +0.0742% | 8h | 30.150 | −0.043% | $1.2M | $522K | 25x | as long as short |
| MEXC TMF_USDTshort | +0.0747% | 8h | 30.150 | −0.043% | $644K | $92K | 20x |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
HTX TMF-USDT
OKX TMF-USDT-SWAP
Variational Omni TMF
Binance TMFUSDT