Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against MEXC+0.041%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1181.183% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.041%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.063% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC M_USDT | 1.4594 | 0.1262 | pay 0.0631% / 4h | 45m 02s | $248K | $110K | 50x |
| Short | BloFin M-USDT | 1.4600 | 0.1314 | get 0.0657% / 4h | 45m 02s | $349K | $424K | 10x |
MEXC M_USDT
BloFin M-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.87
- Price spread: +0.041% → −0.021%
- $6.26
- Slippage, 4 orders
- −$102.34
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$101.21
- Costs to cover
- 1.183%
- Break-even
- 72.2 days
Slippage from MEXC: live order book, 15 min ago; BloFin: live order book, 30 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, 15 min ago | 1.73 bp | 32.6 bp −$33 | 48.5 bp −$485 | 106.9 bp −$10.7K | doesn't fit |
| Sell BloFin live order book, 30 min ago | 15.47 bp | 32.2 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
M on 12 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 | 1.4587 | −0.048% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4580 | −0.096% | $2.0M | $916K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4592 | −0.014% | $1.9M | $360K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4589 | −0.036% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4626 | +0.219% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4623 | +0.199% | $2K | $604K | 20x | as long as short |
| Aster MUSDT | +0.0877% | 4h | 1.4564 | −0.206% | $14K | $115K | 5x | as long as short |
| BingX M-USDT | +0.1178% | 4h | 1.4586 | −0.055% | — | $2.4M | — | as long as short |
| MEXC M_USDTlong | +0.1262% | 4h | 1.4594 | long leg | $248K | $110K | 50x | |
| Binance MUSDT | +0.1274% | 4h | 1.4597 | +0.021% | $5.5M | $4.7M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MUSDTM | +0.1296% | 4h | 1.4449 | −0.995% | $1.4M | $4.3M | 10x | as long as short |
| BloFin M-USDTshort | +0.1314% | 4h | 1.4600 | +0.041% | $349K | $424K | 10x |
KuCoin MUSDTM