Funding you earn now, next payment 08:00 UTC+0.0450%/8h= +49.3% APRnext payment +$2.25 per $10,000 · paid last 24h +0.035%
Price spread now: BingX against MEXC−0.052%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.052%, 7d avg +0.027%
=Funding pays, the price is against you. BingX is 0.079% cheaper against MEXC than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.027%). If the spread goes back, that is −$8 on $10k: about 14 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.207% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.207% in total (about 10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.25 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 | MEXC ID_USDT | 0.03838 | 0.0100 | pay 0.0050% / 4h | 15m 18s | $424K | $219K | 20x |
| Short | BingX ID-USDT | 0.03836 | 0.0550 | get 0.0275% / 4h | 15m 18s | — | $2.3M | — |
MEXC ID_USDT
BingX ID-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $94.5
- Price spread: −0.052% → +0.027%
- −$7.89
- Slippage, 4 orders
- −$55.78
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $16.83
- Costs to cover
- 0.698%
- Break-even
- 5.8 days
Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 8 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 MEXC live order book, 5 min ago | 2.61 bp | 8.9 bp −$9 | 29.0 bp −$290 | 123.8 bp −$12.4K | 222.5 bp −$111.2K |
| Sell BingX live order book, 8 min ago | 6.52 bp | 25.0 bp −$25 | 54.2 bp −$542 | 367.8 bp −$36.8K | 454.3 bp −$227.2K |
ID 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | −0.0075% | 1h | 0.03835 | −0.084% | $4K | $4K | 10x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03842 | +0.093% | $9K | $2K | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03837 | −0.030% | $2.4M | $4.0M | 50x | as long as short |
| Bybit IDUSDT | +0.0100% | 8h | 0.03840 | +0.052% | $1.5M | $1.1M | 25x | as long as short |
| Gate ID_USDT | +0.0100% | 4h | 0.03838 | 0.000% | $261K | $226K | 25x | as long as short |
| MEXC ID_USDTlong | +0.0100% | 4h | 0.03838 | long leg | $424K | $219K | 20x | |
| KuCoin IDUSDTM | +0.0100% | 4h | 0.03841 | +0.078% | $1.1M | $74K | 30x | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03841 | +0.089% | $12K | $20K | — | as long as short |
| BloFin ID-USDT | +0.0110% | 4h | 0.03830 | −0.208% | $156K | $16K | 50x | as long as short |
| BingX ID-USDTshort | +0.0550% | 4h | 0.03836 | −0.052% | — | $2.3M | — |
Kraken Futures PF_IDUSD
Aster IDUSDT
Binance IDUSDT
Bybit IDUSDT
Gate ID_USDT
KuCoin IDUSDTM
Variational Omni ID
BloFin ID-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget IDUSDT | +0.0584% | 4h | 0.03840 | +0.052% | $1.0M | $848K | 50x | as long as short |
Bitget IDUSDT