Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against MEXC−0.091%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1071.068% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.091%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.078% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC M_USDT | 1.4305 | 0.1384 | pay 0.0692% / 4h | 1h 55m | $241K | $104K | 50x |
| Short | BingX M-USDT | 1.4292 | 0.1346 | get 0.0673% / 4h | 1h 55m | — | $2.4M | — |
MEXC M_USDT
BingX M-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
- −$7.98
- Price spread: −0.091% → −0.013%
- −$7.79
- Slippage, 4 orders
- −$92.83
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$122.6
- Costs to cover
- 1.068%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 54 min ago; BingX: live order book, 9 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, 54 min ago | 4.51 bp | 31.4 bp −$31 | 48.0 bp −$480 | 124.9 bp −$12.5K | doesn't fit |
| Sell BingX live order book, 9 min ago | 8.38 bp | 23.7 bp −$24 | 123.5 bp −$1,235 | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4295 | −0.070% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4292 | −0.091% | $1.9M | $878K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4311 | +0.042% | $1.8M | $241K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4323 | +0.127% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4337 | +0.224% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4349 | +0.308% | $2K | $715K | 20x | as long as short |
| Aster MUSDT | +0.1049% | 4h | 1.4284 | −0.149% | $16K | $93K | 5x | as long as short |
| BingX M-USDTshort | +0.1346% | 4h | 1.4292 | −0.091% | — | $2.4M | — | |
| MEXC M_USDTlong | +0.1384% | 4h | 1.4305 | long leg | $241K | $104K | 50x | |
| Binance MUSDT | +0.1386% | 4h | 1.4305 | 0.000% | $5.6M | $3.7M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
Binance MUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MUSDTM | +0.3048% | 4h | 1.4200 | −0.738% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM