Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BloFin−0.053%49s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.109%−$11 · spread now −0.053%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.036% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.017%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALT-USDT | 0.007540 | 0.0150 | pay 0.0075% / 4h | 44m 19s | $171K | $10K | 50x |
| Short | MEXC ALT_USDT | 0.007536 | 0.0100 | get 0.0050% / 4h | 44m 19s | $401K | $184K | 50x |
BloFin ALT-USDT
MEXC ALT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$10.45
- Price spread: −0.053% → −0.017%
- −$3.57
- Slippage, 4 orders
- −$36.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$66.85
- Costs to cover
- 0.528%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 25 min ago; MEXC: live order book, 16 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 BloFin live order book, 25 min ago | 3.33 bp | 14.4 bp −$14 | 52.1 bp −$521 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 16 min ago | 1.33 bp | 10.8 bp −$11 | 59.0 bp −$590 | 265.9 bp −$26.6K | 453.7 bp −$226.9K |
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUAL | −0.0148% | 1h | 0.007539 | −0.013% | — | $0 | 25x | as long as short |
| Kraken Futures PF_ALTUSD | −0.0089% | 1h | 0.007541 | +0.010% | $44K | $8K | 10x | as long as short |
| Variational Omni ALT | −0.0032% | 4h | 0.007533 | −0.092% | $4K | $13K | — | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −2.109% | $815 | $4K | 5.5x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007532 | −0.106% | $1.1M | $185K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007535 | −0.063% | $2.6M | $3.6M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007529 | −0.146% | $1.2M | $1.6M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007531 | −0.119% | $50K | $411K | 25x | as long as short |
| MEXC ALT_USDTshort | +0.0100% | 4h | 0.007536 | −0.053% | $401K | $184K | 50x | |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007538 | −0.027% | $150K | $21K | 30x | as long as short |
Deribit ALT_USDC-PERPETUAL
Kraken Futures PF_ALTUSD
Variational Omni ALT
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDT | +0.0100% | 4h | 0.007530 | −0.133% | $619K | $100K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007536 | −0.053% | — | $1.3M | — | as long as short |
| BloFin ALT-USDTlong | +0.0150% | 4h | 0.007540 | long leg | $171K | $10K | 50x | |
| Coinbase International ALT-PERP-INTX | +0.0416% | 1h | 0.007548 | +0.106% | $14K | $3K | 50x | as long as short |
Bitget ALTUSDT
BingX ALT-USDT
Coinbase International ALT-PERP-INTX