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Funding arb · Price arb /

BULLA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.1275%/8h= +139.6% APRnext payment +$6.37 per $10,000 · paid last 24h +0.167%
Price spread now: MEXC against Aster+0.130%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1431.427% of the position
Long on AsterShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.126%−$13 on $10k
Price spread, last 7 days−0.317%−$32 · spread now +0.130%, 7d avg +0.057%
Together, before fees−0.443%+ Points / potential airdropAster: Stage 5 · farm board−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and MEXC is 0.074% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.057%. Mind the row above: over the last 5 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.126% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BULLAUSDT0.10900.0701pay 0.0351% / 4h3h 25m$6.1M$1.1M5x
ShortMEXC BULLA_USDT0.10910.1976get 0.0988% / 4h3h 25m$7.9M$421K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$267.7
Price spread: +0.130% → +0.057%
$7.37
Slippage, 4 orders
−$130.69
Fee Aster: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
$132.38
Costs to cover
1.427%
Break-even
3.5 days
Slippage from Aster: live order book, 3 min ago; MEXC: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago8.18 bp43.1 bp −$43293.9 bp −$2,939doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago2.31 bp18.9 bp −$1952.7 bp −$527314.7 bp −$31.5Kdoesn't fit

BULLA on 5 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BULLAUSDTlong+0.0701%4h0.1090long leg$6.1M$1.1M5x
Gate BULLA_USDT+0.1870%4h0.1095+0.530%$1.4M$301K10xas long as short
BingX BULLA-USDT+0.1906%4h0.1091+0.130%—$6.6M—as long as short
MEXC BULLA_USDTshort+0.1976%4h0.1091+0.130%$7.9M$421K20x
Binance BULLAUSDT+0.1996%4h0.1091+0.149%$12.0M$9.5M10xas long as short