Funding you earn now, next payment 08:00 UTC−0.0224%/8h= −24.5% APRnext payment −$1.12 per $10,000 · paid last 24h −0.017%
Price spread now: MEXC against Bitget+0.097%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 7 days−0.064%−$6 · spread now +0.097%, 7d avg +0.027%
=The price spread pays, funding is against you. MEXC is 0.070% dearer against Bitget than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.027%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.149% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.12 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 XPDUSDT | 1,297.8 | 0.0252 | pay 0.0126% / 4h | 3h 50m | $5.0M | $240K | 100x |
| Short | MEXC XPD_USDT | 1,299 | 0.0028 | get 0.0014% / 4h | 3h 50m | $13.1M | $268K | 100x |
Bitget XPDUSDT
MEXC XPD_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
- −$47.04
- Price spread: +0.097% → +0.027%
- $7.05
- Slippage, 4 orders
- −$44.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$96.73
- Costs to cover
- 0.567%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 5.43 bp | 15.1 bp −$15 | 38.5 bp −$385 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 10.02 bp | 10.3 bp −$10 | 11.3 bp −$113 | 72.8 bp −$7,283 | 299.8 bp −$149.9K |
XPD on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XPD | 0.0000% | 4h | 1,299.3 | +0.119% | $536K | $24K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,297.3 | −0.037% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,297.9 | +0.012% | — | — | — | as long as short |
| edgeX XPDUSDC | +0.0017% | 4h | 1,299 | +0.096% | $37K | $205K | 10x | as long as short |
| MEXC XPD_USDTshort | +0.0028% | 4h | 1,299 | +0.097% | $13.1M | $268K | 100x | |
| Lighter XPD | +0.0032% | 1h | 1,300 | +0.173% | $401K | $158K | 20x | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.700% | $16K | $20K | 52x | as long as short |
| Binance XPDUSDT | +0.0037% | 4h | 1,299.9 | +0.168% | $3.8M | $4.7M | 100x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,297.7 | −0.005% | $2.7M | $492K | 20x | as long as short |
| BloFin XPD-USDT | +0.0071% | 4h | 1,299.7 | +0.148% | $30K | $20K | 100x | as long as short |
Variational Omni XPD
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
edgeX XPDUSDC
Lighter XPD
Injective XPD/USDC PERP
Binance XPDUSDT
tradeXYZ xyz:PALLADIUM
BloFin XPD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,297.9 | +0.012% | $169K | $5K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0123% | 8h | 1,300.2 | +0.188% | $321K | $474K | 50x | as long as short |
| Aster XPDUSDT | +0.0192% | 4h | 1,299.1 | +0.106% | $26K | $5K | 20x | as long as short |
| Gate XPD_USDT | +0.0228% | 4h | 1,300.4 | +0.203% | $2.0M | $468K | 100x | as long as short |
| Bitget XPDUSDTlong | +0.0252% | 4h | 1,297.8 | long leg | $5.0M | $240K | 100x | |
| HTX XPD-USDT | +0.0478% | 4h | 1,299.5 | +0.132% | $9K | $34K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1372% | 4h | 1,298.9 | +0.084% | $338K | $720K | 25x | as long as short |
KuCoin XPDUSDTM
OKX XPD-USDT-SWAP
Aster XPDUSDT
Gate XPD_USDT
HTX XPD-USDT
GRVT XPD_USDT_Perp