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Funding arb · Price arb /

TMF

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 16:00 UTC−0.0766%/8h= −83.9% APRnext payment −$7.66 per $10,000 · paid last 24h −0.093%
Price spread now: Bitget against MEXC+0.113%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Long on MEXCShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.243%−$24 on $10k
Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.113%, 7d avg +0.048%
Together, before fees−0.383%−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.065% dearer against MEXC than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.048%): +$6 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.243% in total) that is about 45 hours.
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 −$7.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TMF_USDT30.0900.0766pay 0.0766% / 8h7h 14m$643K$92K20x
ShortBitget TMFUSDT30.1240get 0.0000% / 8h7h 14m$165K$91K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$160.86
Price spread: +0.113% → +0.048%
$6.47
Slippage, 4 orders
−$121.76
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$288.15
Costs to cover
1.338%
Break-even
never at this rate
Slippage from MEXC: live order book, 6 min ago; Bitget: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 6 min ago10.02 bp23.3 bp −$2395.3 bp −$953218.3 bp −$21.8Kdoesn't fit
Sell Bitget live order book, 10 min ago21.87 bp54.6 bp −$5570.3 bp −$703doesn't fitdoesn't fit

TMF on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TMFUSDC−0.0750%4h30.035−0.183%$13K$288K10xas long as short
Bybit TMFUSDT0.0000%8h30.100+0.033%$163K$55K25xas long as short
Gate TMF_USDT0.0000%8h30.040−0.166%$52K$8K20xas long as short
Bitget TMFUSDTshort0.0000%8h30.124+0.113%$165K$91K20x
HTX TMF-USDT0.0000%8h30.120+0.100%$10K$252K10xas long as short
OKX TMF-USDT-SWAP+0.0399%8h30.110+0.066%$150K$139K20xas long as short
Variational Omni TMF+0.0679%8h30.046−0.147%$29K$6K—as long as short
Binance TMFUSDT+0.0764%8h30.093+0.009%$1.2M$520K25xas long as short
MEXC TMF_USDTlong+0.0766%8h30.090long leg$643K$92K20x