Funding you earn now, next payment 05:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.163%
Price spread now: MEXC against Bluefin−0.060%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 7 days+0.269%+$27 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.060%, 7d avg +0.015%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.075% cheaper against Bluefin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin BTC-PERP | 85,562.4 | 0.0100 | pay 0.0013% / 1h | 16m 02s | $207K | $737K | 40x |
| Short | MEXC BTC_USDT | 85,511.2 | 0.0094 | get 0.0094% / 8h | 3h 16m | $5.08B | $5.67B | 500x |
Bluefin BTC-PERP
MEXC BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bluefin. 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
- −$1.26
- Price spread: −0.060% → +0.015%
- −$7.46
- Slippage, 4 orders
- −$8.38
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$28.1
- Costs to cover
- 0.194%
- Break-even
- never at this rate
Slippage from Bluefin: live order book, 38 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 Bluefin live order book, 38 min ago | 1.83 bp | 6.7 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.0 bp −$201 | 2.1 bp −$1,031 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,565 | +0.003% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,583 | +0.024% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0044% | 8h | 85,506 | −0.066% | $920.0M | $758.1M | 125x | as long as short |
| BloFin BTC-USDT | −0.0026% | 8h | 85,560.8 | −0.002% | $420.0M | $676.4M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,536.9 | −0.030% | $364K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,513 | −0.058% | $515.0M | $1.10B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,560.7 | −0.002% | $504K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0002% | 1h | 85,521 | −0.048% | $24.5M | $222.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,533.1 | −0.034% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0032% | 1h | 85,584.5 | +0.026% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | −0.012% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0052% | 1h | 85,512 | −0.059% | $59.9M | $336.0M | 40x | as long as short |
| BingX BTC-USDC | +0.0064% | 8h | 85,499.1 | −0.074% | — | $17.2M | — | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,521.5 | −0.048% | $148.8M | $496.7M | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0075% | 1h | 85,560 | −0.003% | $872.1M | $1.60B | 50x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,515.6 | −0.055% | $2.95B | $5.12B | 150x | as long as short |
| MEXC BTC_USDTshort | +0.0094% | 8h | 85,511.2 | −0.060% | $5.08B | $5.67B | 500x | |
| Binance BTCUSDT | +0.0094% | 8h | 85,511.2 | −0.060% | $9.44B | $24.46B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,529.6 | −0.038% | $172.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,527.7 | −0.041% | $23.9M | $148.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,515 | −0.055% | $8.4M | $55.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,506.3 | −0.066% | $2.9M | $2.8M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,506 | −0.066% | $230K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,583.1 | +0.024% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,598 | +0.042% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,563.5 | +0.001% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,510.2 | −0.061% | $5.18B | $9.87B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,520.6 | −0.049% | $2.59B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,548 | −0.017% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,527.6 | −0.041% | $4.7M | $99.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,519.1 | −0.051% | $5.54B | $10.84B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,509.2 | −0.062% | $36.1M | $178.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,488.9 | −0.086% | $154.5M | $565.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,494.4 | −0.080% | $279.2M | $930.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,547.9 | −0.017% | $215.0M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,536.9 | −0.030% | $139.8M | $316.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,565.5 | +0.004% | $30.2M | $206.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,588.8 | +0.031% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,518 | −0.052% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,517 | −0.053% | $202K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,510 | −0.061% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERPlong | +0.0100% | 1h | 85,562.4 | long leg | $207K | $737K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,499.7 | −0.073% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,508 | −0.064% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,509.7 | −0.062% | $2.26B | $950.1M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,447 | −0.135% | $679.5M | $701.9M | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0103% | 1h | 85,509.8 | −0.061% | $6.6M | $147.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,486.9 | −0.088% | $45.7M | $235.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,546 | −0.019% | — | $106.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,556.3 | −0.007% | $117.2M | $5.26B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,532.2 | −0.035% | $187.8M | $957.2M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,555.1 | −0.009% | $8.6M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,532.7 | −0.035% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0179% | 8h | 85,554 | −0.010% | $11.4M | $753.7M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,604.4 | +0.049% | $701K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0251% | 1h | 85,561 | −0.002% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Deribit BTC-PERPETUAL
Bitget BTCUSDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Reya BTCRUSDPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD