Funding you earn now, next payment 04:00 UTC+0.1304%/8h= +142.8% APRnext payment +$6.52 per $10,000 · paid last 24h +0.169%
Price spread now: MEXC against SunX−0.132%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2402.401% of the position
Funding, last 7 days+0.396%+$40 on $10k
+Price spread, last 3 days (all we have)−0.101%−$10 · spread now −0.132%, 7d avg −0.109%
=Funding pays, the price is against you. MEXC is 0.023% cheaper against SunX than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.109%). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$39 a day). At the pace of the last 7 days (+0.396% in total) that is about 10 hours.
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 +$6.52 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 | SunX M-USDT | 1.4349 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $2K | $715K | 20x |
| Short | MEXC M_USDT | 1.4330 | 0.1404 | get 0.0702% / 4h | 1h 56m | $241K | $104K | 50x |
SunX M-USDT
MEXC M_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against SunX. 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
- $273.84
- Price spread: −0.132% → −0.109%
- −$2.29
- Slippage, 4 orders
- −$228.13
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $31.42
- Costs to cover
- 2.401%
- Break-even
- 6.2 days
Slippage from SunX: live order book, 45 min ago; MEXC: 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 SunX live order book, 45 min ago | 33.52 bp | 116.0 bp −$116 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 53 min ago | 4.51 bp | 28.2 bp −$28 | 54.6 bp −$546 | 145.6 bp −$14.6K | 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 | 1.4322 | −0.188% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4310 | −0.272% | $1.9M | $878K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4315 | −0.237% | $1.8M | $242K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4323 | −0.180% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4337 | −0.084% | $2K | $496 | 10x | as long as short |
| SunX M-USDTlong | +0.0100% | 4h | 1.4349 | long leg | $2K | $715K | 20x | |
| Aster MUSDT | +0.1055% | 4h | 1.4300 | −0.344% | $16K | $93K | 5x | as long as short |
| BingX M-USDT | +0.1346% | 4h | 1.4325 | −0.167% | — | $2.4M | — | as long as short |
| Binance MUSDT | +0.1386% | 4h | 1.4325 | −0.167% | $5.6M | $3.7M | 10x | as long as short |
| MEXC M_USDTshort | +0.1404% | 4h | 1.4330 | −0.132% | $241K | $104K | 50x |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
BingX M-USDT
Binance MUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MUSDTM | +0.3048% | 4h | 1.4211 | −0.959% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM