Funding you earn now, next payment 04:00 UTC−0.0419%/8h= −45.9% APRnext payment −$2.09 per $10,000 · paid last 24h −0.015%
Price spread now: MEXC against BingX+0.029%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$370.365% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.029%, 7d avg −0.021%
=The price spread pays, funding is against you. MEXC is 0.049% dearer against BingX than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.021%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.170% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.09 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 | BingX BANK-USDT | 0.03492 | 0.0519 | pay 0.0259% / 4h | 12m 25s | — | $6.9M | — |
| Short | MEXC BANK_USDT | 0.03493 | 0.0100 | get 0.0050% / 4h | 12m 25s | $2.5M | $551K | 20x |
BingX BANK-USDT
MEXC BANK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- −$87.95
- Price spread: +0.029% → −0.021%
- $4.94
- Slippage, 4 orders
- −$26.5
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$119.52
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 5 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 BingX live order book, 10 min ago | 2.87 bp | 12.9 bp −$13 | 38.3 bp −$383 | 533.6 bp −$53.4K | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.43 bp | 9.1 bp −$9 | 24.8 bp −$248 | 104.5 bp −$10.4K | 379.4 bp −$189.7K |
BANK on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BANKUSDT | +0.0100% | 4h | 0.03490 | −0.058% | $55K | $98K | 5x | as long as short |
| Binance BANKUSDT | +0.0100% | 4h | 0.03491 | −0.029% | $7.7M | $30.9M | 50x | as long as short |
| Bybit BANKUSDT | +0.0100% | 4h | 0.03493 | +0.029% | $2.9M | $6.4M | 20x | as long as short |
| MEXC BANK_USDTshort | +0.0100% | 4h | 0.03493 | +0.029% | $2.5M | $551K | 20x | |
| KuCoin BANKUSDTM | +0.0100% | 4h | 0.03491 | −0.029% | $1.2M | $177K | 50x | as long as short |
| HTX BANK-USDT | +0.0100% | 4h | 0.03493 | +0.029% | $40K | $231K | 20x | as long as short |
| edgeX BANKUSDC | +0.0104% | 4h | 0.03493 | +0.024% | $1K | $246K | 5x | as long as short |
| Gate BANK_USDT | +0.0338% | 4h | 0.03492 | 0.000% | $720K | $1.4M | 10x | as long as short |
| BloFin BANK-USDT | +0.0340% | 4h | 0.03495 | +0.086% | $447K | $71K | 50x | as long as short |
| BingX BANK-USDTlong | +0.0519% | 4h | 0.03492 | long leg | — | $6.9M | — |
Aster BANKUSDT
Binance BANKUSDT
Bybit BANKUSDT
KuCoin BANKUSDTM
HTX BANK-USDT
edgeX BANKUSDC
Gate BANK_USDT
BloFin BANK-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BANKUSDT | +0.0540% | 4h | 0.03489 | −0.086% | $2.8M | $3.4M | 25x | as long as short |
Bitget BANKUSDT