M

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0618%/8h= −67.7% APRnext payment −$3.09 per $10,000 · paid last 24h −0.169%

Price spread now: SunX against MEXC+0.328%53s7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$294as 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−$2542.540% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.396%−$40 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.328%, 7d avg +0.109%

Together, before fees−0.391%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.218% dearer against MEXC than usual: you sell high and buy low (spread +0.328% now, against its 7-day average of +0.109%): +$22 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.396% in total) that is about 3.9 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.396% in total (about -20.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC M_USDT	1.4344	0.0718	pay 0.0359% / 4h	40m 25s	$240K	$105K	50x
Short	SunX M-USDT	1.4391	0.0100	get 0.0050% / 4h	40m 25s	$2K	$758K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.328%Rate

Funding earned: −$129.78
Price spread: +0.328% → +0.109%: $21.85
Slippage, 4 orders: −$241.97
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$361.9
Costs to cover: 2.540%
Break-even: never at this rate

Slippage from MEXC: live order book, 64 min ago; SunX: live order book, 51 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, 64 min ago	2.09 bp	39.3 bp −$39	57.9 bp −$579	154.3 bp −$15.4K	doesn't fit
Sell SunX live order book, 51 min ago	30.61 bp	77.0 bp −$77	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	1.4345	+0.007%	$4.5M	$1.8M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4330	−0.098%	$1.9M	$907K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4331	−0.091%	$1.9M	$249K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4340	−0.029%	$89K	$43K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4339	−0.035%	$2K	$510	10x	as long as short
SunX M-USDTshort	+0.0100%	4h	1.4391	+0.328%	$2K	$758K	20x
Aster MUSDT	+0.0563%	4h	1.4352	+0.054%	$15K	$87K	5x	as long as short
BingX M-USDT	+0.0696%	4h	1.4356	+0.084%	—	$2.4M	—	as long as short
BloFin M-USDT	+0.0715%	4h	1.4366	+0.153%	$361K	$441K	10x	as long as short
MEXC M_USDTlong	+0.0718%	4h	1.4344	long leg	$240K	$105K	50x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MUSDT	+0.0719%	4h	1.4344	−0.003%	$5.6M	$3.8M	10x	as long as short
KuCoin MUSDTM	+0.2078%	4h	1.4198	−1.015%	$1.4M	$4.0M	10x	as long as short