INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against MEXC+0.012%49s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$750.745% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now +0.012%, 7d avg +0.018%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC INIT_USDT	0.08162	0.0100	pay 0.0050% / 4h	1h 16m	$444K	$220K	20x
Short	BloFin INIT-USDT	0.08163	0.0074	get 0.0037% / 4h	1h 16m	$152K	$110K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee BloFinbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$5.45
Price spread: +0.012% → +0.018%: −$0.62
Slippage, 4 orders: −$58.51
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$80.58
Costs to cover: 0.745%
Break-even: never at this rate

Slippage from MEXC: live order book, 58 min ago; BloFin: live order book, 57 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, 58 min ago	2.45 bp	15.7 bp −$16	80.8 bp −$808	254.8 bp −$25.5K	doesn't fit
Sell BloFin live order book, 57 min ago	0.61 bp	21.7 bp −$22	60.7 bp −$607	doesn't fit	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
BloFin INIT-USDTshort	+0.0074%	4h	0.08163	+0.012%	$152K	$110K	25x
Hyperliquid INIT	+0.0100%	1h	0.08161	−0.011%	$296K	$233K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08159	−0.035%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08164	+0.025%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08151	−0.135%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08163	+0.012%	$133K	$631K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08150	−0.147%	$83K	$56K	25x	as long as short
MEXC INIT_USDTlong	+0.0100%	4h	0.08162	long leg	$444K	$220K	20x
KuCoin INITUSDTM	+0.0100%	4h	0.08154	−0.098%	$325K	$54K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08162	0.000%	$426K	$310K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08159	−0.037%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08146	−0.190%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.0385%	1h	0.08163	+0.016%	$5K	$17K	10x	as long as short