IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against MEXC0.000%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$890.893% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now 0.000%, 7d avg +0.094%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.094% cheaper against MEXC than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.094%). If the spread goes back, that is −$9 on $10k: about 6.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.051% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IO_USDT	0.1497	0.0100	pay 0.0050% / 4h	1h 22m	$1.2M	$226K	125x
Short	BloFin IO-USDT	0.1497	0.0152	get 0.0076% / 4h	1h 22m	$192K	$34K	50x

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 0.000%Rate

Funding earned: $10.96
Price spread: 0.000% → +0.094%: −$9.4
Slippage, 4 orders: −$73.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$87.74
Costs to cover: 0.893%
Break-even: 63.0 days

Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 53 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, 3 min ago	6.70 bp	26.8 bp −$27	174.0 bp −$1,740	329.1 bp −$32.9K	doesn't fit
Sell BloFin live order book, 53 min ago	6.71 bp	18.5 bp −$19	69.8 bp −$698	492.3 bp −$49.2K	doesn't fit

IO on 14 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 IO	+0.0100%	1h	0.1500	+0.180%	$996K	$265K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1498	+0.046%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1499	+0.134%	$3.0M	$5.1M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1497	0.000%	$1.1M	$676K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1499	+0.154%	$232K	$477K	50x	as long as short
MEXC IO_USDTlong	+0.0100%	4h	0.1497	long leg	$1.2M	$226K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1497	0.000%	$349K	$191K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1501	+0.267%	$1.4M	$1.0M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1499	+0.134%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1493	−0.285%	$30K	$19K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1499	+0.109%	$588	$206K	5x	as long as short
BloFin IO-USDTshort	+0.0152%	4h	0.1497	0.000%	$192K	$34K	50x
Injective IO/USDC PERP	+0.0204%	1h	0.1492	−0.334%	$2K	$199	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.8443%	1h	0.1500	+0.184%	$39K	$7K	10x	as long as short