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: Bitget against MEXC−0.095%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as 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+0.061%+$6 · spread now −0.095%, 7d avg −0.027%
=Funding pays, the price is against you. Bitget is 0.068% cheaper against MEXC than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.027%). If the spread goes back, that is −$7 on $10k: about 24 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.149% in total) that is about 3.2 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 | MEXC XPD_USDT | 1,298.5 | 0.0028 | pay 0.0014% / 4h | 3h 49m | $13.1M | $268K | 100x |
| Short | Bitget XPDUSDT | 1,297.3 | 0.0252 | get 0.0126% / 4h | 3h 49m | $5.0M | $240K | 100x |
MEXC XPD_USDT
Bitget XPDUSDTFunding 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
- $47.04
- Price spread: −0.095% → −0.027%
- −$6.81
- Slippage, 4 orders
- −$44.74
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$16.51
- Costs to cover
- 0.567%
- Break-even
- 9.5 days
Slippage from MEXC: live order book, 3 min ago; Bitget: 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 MEXC live order book, 3 min ago | 10.02 bp | 13.5 bp −$13 | 15.2 bp −$152 | 96.3 bp −$9,626 | 329.7 bp −$164.9K |
| Sell Bitget live order book, 3 min ago | 5.43 bp | 17.8 bp −$18 | 38.6 bp −$386 | doesn't fit | doesn't fit |
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 | +0.059% | $536K | $24K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,297.3 | −0.096% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,297.9 | −0.048% | — | — | — | as long as short |
| edgeX XPDUSDC | +0.0017% | 4h | 1,299 | +0.037% | $37K | $205K | 10x | as long as short |
| MEXC XPD_USDTlong | +0.0028% | 4h | 1,298.5 | long leg | $13.1M | $268K | 100x | |
| Lighter XPD | +0.0032% | 1h | 1,299.8 | +0.098% | $401K | $158K | 20x | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.639% | $16K | $20K | 52x | as long as short |
| Binance XPDUSDT | +0.0041% | 4h | 1,299.7 | +0.094% | $3.8M | $4.7M | 100x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,296.8 | −0.133% | $2.7M | $492K | 20x | as long as short |
| BloFin XPD-USDT | +0.0071% | 4h | 1,299.7 | +0.089% | $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 | 1,297.3 | −0.097% | $169K | $5K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0123% | 8h | 1,300.2 | +0.129% | $321K | $474K | 50x | as long as short |
| Aster XPDUSDT | +0.0196% | 4h | 1,298.3 | −0.021% | $26K | $5K | 20x | as long as short |
| Gate XPD_USDT | +0.0228% | 4h | 1,300.2 | +0.129% | $2.0M | $468K | 100x | as long as short |
| Bitget XPDUSDTshort | +0.0252% | 4h | 1,297.3 | −0.095% | $5.0M | $240K | 100x | |
| HTX XPD-USDT | +0.0478% | 4h | 1,299.5 | +0.072% | $9K | $34K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1372% | 4h | 1,298.9 | +0.025% | $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