Funding you earn now, next payment 12:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against BingX−0.284%96s7-day average +0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as 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−$1381.377% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)+1.602%+$160 · spread now −0.284%, 7d avg +0.132%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.416% cheaper against BingX than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of +0.132%). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MEGA-USDT | 0.04577 | 0.0100 | pay 0.0050% / 4h | 3h 51m | — | $1.7M | — |
| Short | BloFin MEGA-USDT | 0.04564 | 0.0091 | get 0.0045% / 4h | 3h 51m | $203K | $95K | 50x |
BingX MEGA-USDT
BloFin MEGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$1.99
- Price spread: −0.284% → +0.132%
- −$41.56
- Slippage, 4 orders
- −$115.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$181.25
- Costs to cover
- 1.377%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; BloFin: live order book, 14 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 BingX live order book, 10 min ago | 15.24 bp | 45.3 bp −$45 | 103.9 bp −$1,039 | 971.3 bp −$97.1K | 1385.7 bp −$692.8K |
| Sell BloFin live order book, 14 min ago | 3.27 bp | 27.9 bp −$28 | 92.1 bp −$921 | doesn't fit | doesn't fit |
MEGA on 28 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 MEGAUSDT | −0.0095% | 4h | 0.04574 | −0.066% | $3.5M | $5.9M | 20x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04555 | −0.481% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04556 | −0.466% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0040% | 1h | 0.04565 | −0.251% | $196K | $140K | 2x | as long as short |
| BloFin MEGA-USDTshort | +0.0091% | 4h | 0.04564 | −0.284% | $203K | $95K | 50x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04576 | −0.017% | $20K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04577 | −0.007% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04575 | −0.043% | $4.1M | $13.7M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04573 | −0.087% | $916K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04590 | +0.284% | $136K | −$0 | 10x | as long as short |
Bybit MEGAUSDT
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04565 | −0.262% | $205K | $321K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04573 | −0.087% | $757K | $401K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04574 | −0.066% | $243K | $124K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04578 | +0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDTlong | +0.0100% | 4h | 0.04577 | long leg | — | $1.7M | — | |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04569 | −0.175% | $17K | $55K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04572 | −0.115% | $322K | $223K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04558 | −0.413% | $29K | $2.0M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04560 | −0.371% | $23K | $226K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04566 | −0.240% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04561 | −0.350% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04577 | −0.003% | $128K | $799K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04566 | −0.234% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04569 | −0.186% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0259% | 1h | 0.04584 | +0.146% | $7.9M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0428% | 1h | 0.04573 | −0.092% | $111 | $15 | 25x | as long as short |
| Lighter MEGA | +0.0888% | 1h | 0.04599 | +0.481% | $614K | $380K | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.1296% | 1h | 0.04589 | +0.273% | $5K | $12K | 50x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA
Coinbase International MEGA-PERP-INTX