Funding you earn now, next payment 12:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against Binance+0.035%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now +0.035%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.050% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XPTUSDT | 1,776.2 | 0.0140 | pay 0.0070% / 4h | 3h 26m | $4.6M | $5.3M | 100x |
| Short | MEXC XPT_USDT | 1,776.8 | 0.0150 | get 0.0075% / 4h | 3h 26m | $23.1M | $649K | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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
- $2.07
- Price spread: +0.035% → −0.016%
- $5.02
- Slippage, 4 orders
- −$9.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$12.33
- Costs to cover
- 0.194%
- Break-even
- 48.7 days
Slippage from Binance: live order book, 11 min ago; MEXC: live order book, 7 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 Binance live order book, 11 min ago | 1.01 bp | 10.2 bp −$10 | 23.2 bp −$232 | 112.2 bp −$11.2K | doesn't fit |
| Sell MEXC live order book, 7 min ago | 0.31 bp | 0.3 bp $0 | 3.2 bp −$32 | 51.0 bp −$5,100 | 213.3 bp −$106.7K |
XPT on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX XPT-USDT | 0.0000% | 4h | 1,777.8 | +0.090% | $11K | $38K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,773.8 | −0.138% | $228 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,773.7 | −0.140% | — | $50 | 25x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0050% | 1h | 1,774.6 | −0.090% | $3.6M | $980K | 20x | as long as short |
| Variational Omni XPT | +0.0052% | 4h | 1,777.3 | +0.064% | $245K | $206K | — | as long as short |
| GRVT XPT_USDT_Perp | +0.0056% | 4h | 1,776.8 | +0.032% | $205K | $776K | 25x | as long as short |
| Aster XPTUSDT | +0.0095% | 4h | 1,776.4 | +0.009% | $14K | $9K | 20x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,775.8 | −0.021% | $13K | $33K | 10x | as long as short |
| KuCoin XPTUSDTM | +0.0100% | 4h | 1,776.5 | +0.017% | $234K | $41K | 75x | as long as short |
| Binance XPTUSDTlong | +0.0140% | 4h | 1,776.2 | long leg | $4.6M | $5.3M | 100x |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPT-USDT | +0.0149% | 4h | 1,776.1 | −0.006% | $101K | $71K | 100x | as long as short |
| MEXC XPT_USDTshort | +0.0150% | 4h | 1,776.8 | +0.035% | $23.1M | $649K | 100x | |
| Gate XPT_USDT | +0.0154% | 4h | 1,777.6 | +0.079% | $663K | $557K | 100x | as long as short |
| edgeX XPTUSDC | +0.0167% | 4h | 1,777.4 | +0.066% | $39K | $283K | 10x | as long as short |
| Paradex XPT-USD-PERP | +0.0169% | 8h | 1,777.3 | +0.061% | $3K | — | 5x | as long as short |
| Aevo PLATINUM-PERP | +0.0216% | 1h | 1,776.2 | +0.002% | $302 | — | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,800.3 | +1.356% | $6K | $34K | 52x | as long as short |
| Lighter XPT | +0.0280% | 1h | 1,776.6 | +0.023% | $355K | $47K | 20x | as long as short |
| Bitget XPTUSDT | +0.0290% | 4h | 1,775.6 | −0.034% | $1.3M | $559K | 100x | as long as short |
| Extended XPT-USD | +0.0624% | 1h | 1,773.6 | −0.148% | $150K | $721K | 10x | as long as short |
| OKX XPT-USDT-SWAP | +0.0841% | 8h | 1,776.6 | +0.023% | $1.1M | $829K | 50x | as long as short |
Binance XPTUSDT
MEXC XPT_USDT
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
tradeXYZ xyz:PLATINUM
Variational Omni XPT
GRVT XPT_USDT_Perp
Aster XPTUSDT
Pacifica PLATINUM
KuCoin XPTUSDTM
BloFin XPT-USDT
Gate XPT_USDT
edgeX XPTUSDC
Paradex XPT-USD-PERP
Injective XPT/USDC PERP
Lighter XPT
Bitget XPTUSDT
Extended XPT-USD
OKX XPT-USDT-SWAP