Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.002%
Price spread now: MEXC against BloFin−0.147%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.147%, 7d avg −0.003%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.145% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ESP-USDT | 0.09501 | 0.0109 | pay 0.0055% / 4h | 1h 47m | $125K | $34K | 25x |
| Short | MEXC ESP_USDT | 0.09487 | 0.0100 | get 0.0050% / 4h | 1h 47m | $1.3M | $126K | 20x |
BloFin ESP-USDT
MEXC ESP_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
- −$1.95
- Price spread: −0.147% → −0.003%
- −$14.47
- Slippage, 4 orders
- −$31.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$64.39
- Costs to cover
- 0.480%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 24 min ago; MEXC: live order book, 4 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, 24 min ago | 0.53 bp | 13.0 bp −$13 | 35.8 bp −$358 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.53 bp | 8.3 bp −$8 | 48.8 bp −$488 | 270.0 bp −$27.0K | doesn't fit |
ESP 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 ESPUSDT | +0.0100% | 4h | 0.09495 | −0.060% | $7K | $17K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09495 | −0.060% | $2.4M | $4.0M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09488 | −0.137% | $605K | $1.1M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09508 | +0.074% | $190K | $596K | 50x | as long as short |
| MEXC ESP_USDTshort | +0.0100% | 4h | 0.09487 | −0.147% | $1.3M | $126K | 20x | |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09503 | +0.021% | $1.5M | $42K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09500 | −0.009% | $955K | $136K | 20x | as long as short |
| edgeX ESPUSDC | +0.0104% | 4h | 0.09479 | −0.229% | $29K | $268K | 10x | as long as short |
| BloFin ESP-USDTlong | +0.0109% | 4h | 0.09501 | long leg | $125K | $34K | 25x | |
| BingX ESP-USDT | +0.0284% | 4h | 0.09505 | +0.042% | — | $1.7M | — | as long as short |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.0380% | 4h | 0.09458 | −0.453% | $1.1M | $651K | 50x | as long as short |
Bybit ESPUSDT