Funding you earn now, next payment 16:00 UTC−0.0200%/8h= −21.9% APRnext payment −$2.00 per $10,000 · paid last 24h −0.020%
Price spread now: Bitget against MEXC−0.047%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1521.524% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.047%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.087% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC XLU_USDT | 40.743 | 0.0200 | pay 0.0200% / 8h | 4h 50m | $473K | $79K | 20x |
| Short | Bitget XLUUSDT | 40.724 | 0 | get 0.0000% / 8h | 4h 50m | $339K | $27K | 20x |
MEXC XLU_USDT
Bitget XLUUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42
- Price spread: −0.047% → +0.040%
- −$8.66
- Slippage, 4 orders
- −$140.4
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$203.05
- Costs to cover
- 1.524%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 47 min ago; Bitget: live order book, 47 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 MEXC live order book, 47 min ago | 21.60 bp | 44.4 bp −$44 | 78.8 bp −$788 | 212.5 bp −$21.2K | doesn't fit |
| Sell Bitget live order book, 47 min ago | 21.60 bp | 46.4 bp −$46 | 73.6 bp −$736 | doesn't fit | doesn't fit |
XLU on 6 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 XLUUSDT | 0.0000% | 8h | 40.740 | −0.007% | $72K | $264K | 25x | as long as short |
| Gate XLU_USDT | 0.0000% | 8h | 40.730 | −0.032% | $23K | $2K | 20x | as long as short |
| Bitget XLUUSDTshort | 0.0000% | 8h | 40.724 | −0.047% | $339K | $27K | 20x | |
| HTX XLU-USDT | 0.0000% | 8h | 40.620 | −0.302% | $5K | $336K | 20x | as long as short |
| SunX XLU-USDT | +0.0100% | 8h | 40.690 | −0.130% | — | $1.5M | 10x | as long as short |
| MEXC XLU_USDTlong | +0.0200% | 8h | 40.743 | long leg | $473K | $79K | 20x |
Bybit XLUUSDT
Gate XLU_USDT
HTX XLU-USDT
SunX XLU-USDT