Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.024%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1221.224% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.024%, 7d avg −0.009%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INITUSDT | 0.08376 | 0.0100 | pay 0.0050% / 4h | 2h 14m | $3.4M | $4.0M | 25x |
| Short | MEXC INIT_USDT | 0.08374 | 0.0100 | get 0.0050% / 4h | 2h 14m | $446K | $210K | 20x |
Binance INITUSDT
MEXC INIT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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
- $0
- Price spread: −0.024% → −0.009%
- −$1.46
- Slippage, 4 orders
- −$108.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$123.89
- Costs to cover
- 1.224%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; MEXC: live order book, 22 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 Binance live order book, 7 min ago | 4.80 bp | 45.4 bp −$45 | 157.2 bp −$1,572 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 22 min ago | 4.22 bp | 21.6 bp −$22 | 86.3 bp −$863 | 236.2 bp −$23.6K | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08375 | −0.012% | $312K | $224K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08359 | −0.208% | $28K | $39K | 5x | as long as short |
| Binance INITUSDTlong | +0.0100% | 4h | 0.08376 | long leg | $3.4M | $4.0M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08370 | −0.072% | $1.5M | $1.7M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08382 | +0.072% | $141K | $752K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08359 | −0.203% | $82K | $46K | 25x | as long as short |
| MEXC INIT_USDTshort | +0.0100% | 4h | 0.08374 | −0.024% | $446K | $210K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08363 | −0.155% | $324K | $64K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08370 | −0.072% | $430K | $347K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08377 | +0.012% | — | $6.6M | — | as long as short |
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDT
BingX INIT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08361 | −0.184% | $26K | $14K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0112% | 1h | 0.08377 | +0.008% | $5K | $24K | 10x | as long as short |
| BloFin INIT-USDT | +0.0151% | 4h | 0.08376 | 0.000% | $152K | $110K | 25x | as long as short |
Variational Omni INIT
Kraken Futures PF_INITUSD
BloFin INIT-USDT