Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRnext payment −$1.04 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against BingX−0.043%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$960.960% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.043%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.038% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.04 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 GWEI-USDT | 0.02303 | 0.0702 | pay 0.0351% / 4h | 19m 06s | — | $1.6M | — |
| Short | MEXC GWEI_USDT | 0.02302 | 0.0494 | get 0.0247% / 4h | 19m 06s | $104K | $87K | 20x |
BingX GWEI-USDT
MEXC GWEI_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
- −$43.68
- Price spread: −0.043% → −0.006%
- −$3.79
- Slippage, 4 orders
- −$82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$143.47
- Costs to cover
- 0.960%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; MEXC: live order book, 39 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, 13 min ago | 4.34 bp | 30.0 bp −$30 | 120.1 bp −$1,201 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 39 min ago | 2.18 bp | 16.3 bp −$16 | 93.3 bp −$933 | 464.2 bp −$46.4K | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GWEI | +0.0100% | 4h | 0.02305 | +0.095% | $4K | $55 | — | as long as short |
| KuCoin GWEIUSDTM | +0.0106% | 4h | 0.02303 | −0.009% | $464K | $19K | 20x | as long as short |
| Bybit GWEIUSDT | +0.0241% | 4h | 0.02304 | +0.043% | $378K | $121K | 25x | as long as short |
| Gate GWEI_USDT | +0.0438% | 4h | 0.02298 | −0.217% | $379K | $404K | 10x | as long as short |
| BloFin GWEI-USDT | +0.0444% | 4h | 0.02303 | 0.000% | $172K | $29K | 50x | as long as short |
| MEXC GWEI_USDTshort | +0.0494% | 4h | 0.02302 | −0.043% | $104K | $87K | 20x | |
| Binance GWEIUSDT | +0.0495% | 4h | 0.02302 | −0.043% | $2.4M | $2.6M | 50x | as long as short |
| Extended GWEI-USD | +0.0496% | 1h | 0.02302 | −0.052% | $4K | $142K | 5x | as long as short |
| BingX GWEI-USDTlong | +0.0702% | 4h | 0.02303 | long leg | — | $1.6M | — | |
| Bitget GWEIUSDT | +0.0708% | 4h | 0.02299 | −0.174% | $1.9M | $218K | 20x | as long as short |
Variational Omni GWEI
KuCoin GWEIUSDTM
Bybit GWEIUSDT
Gate GWEI_USDT
BloFin GWEI-USDT
Binance GWEIUSDT
Extended GWEI-USD
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1507% | 4h | 0.02303 | −0.002% | $18K | $17K | 10x | as long as short |
Aster GWEIUSDT