Funding you earn now, next payment 12:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.44 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against BingX−0.126%7-day average −0.398% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,981as in the Price arb table
costs, in and out, $10k−$2,00920.086% of the position
Funding, last 5 days (all we have)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.669%−$67 · spread now −0.126%, 7d avg −0.398%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.272% dearer against BingX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.398%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MUSEBOOK-USDT | 0.0002301 | 0.0208 | pay 0.0104% / 4h | 3h 42m | — | $1.6M | — |
| Short | MEXC MUSEBOOK_USDT | 0.0002298 | 0.0296 | get 0.0148% / 4h | 3h 42m | $352K | $707K | 20x |
BingX MUSEBOOK-USDT
MEXC MUSEBOOK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $18.48
- Price spread: −0.126% → −0.398%
- $27.16
- Slippage, 4 orders
- −$1,994.62
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1,962.99
- Costs to cover
- 20.086%
- Break-even
- 750.6 days
Slippage from BingX: live order book, 4 min ago; MEXC: live order book, 28 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, 4 min ago | 50.69 bp | 340.7 bp −$341 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 28 min ago | 27.11 bp | 667.6 bp −$668 | doesn't fit | doesn't fit | doesn't fit |
MUSEBOOK on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MUSEBOOK_USDT | −0.8736% | 1h | 0.0002180 | −5.258% | $332K | $4.9M | 10x | as long as short |
| BingX MUSEBOOK-USDTlong | +0.0208% | 4h | 0.0002301 | long leg | — | $1.6M | — | |
| MEXC MUSEBOOK_USDTshort | +0.0296% | 4h | 0.0002298 | −0.126% | $352K | $707K | 20x |
Gate MUSEBOOK_USDT