Funding you earn now, next payment 23:00 UTC+0.2928%/8h= +320.6% APRnext payment +$3.66 per $10,000 · paid last 24h +0.461%
Price spread now: MEXC against Bitget+0.285%7-day average +0.339% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1141.142% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days+0.352%+$35 · spread now +0.285%, 7d avg +0.339%
=Funding pays, the price is against you. MEXC is 0.054% cheaper against Bitget than usual: you would sell low and buy high (spread +0.285% now, against its 7-day average of +0.339%). If the spread goes back, that is −$5 on $10k: about 1 hour of funding at the current rate (+$88 a day). At the pace of the last 7 days (+0.079% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.66 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 | Bitget ONEUSDT | 0.004313 | −0.4640 | get 0.0580% / 1h | 19m 46s | $1.8M | $37.6M | 20x |
| Short | MEXC ONE_USDT | 0.004326 | −0.1712 | pay 0.0214% / 1h | 19m 46s | $10.9M | $16.7M | 20x |
Bitget ONEUSDT
MEXC ONE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. 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
- $614.88
- Price spread: +0.285% → +0.339%
- −$5.39
- Slippage, 4 orders
- −$98.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $495.3
- Costs to cover
- 1.142%
- Break-even
- 1.4 days
Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 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 Bitget live order book, 4 min ago | 4.40 bp | 46.8 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.12 bp | 24.4 bp −$24 | 72.4 bp −$724 | 265.4 bp −$26.5K | doesn't fit |
ONE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ONEUSDTM | −1.8888% | 1h | 0.004582 | +6.227% | $5.1M | $13.0M | 30x | as long as short |
| Variational Omni ONE | −1.1979% | 1h | 0.004300 | −0.309% | $106K | $54K | — | as long as short |
| Bitget ONEUSDTlong | −0.4640% | 1h | 0.004313 | long leg | $1.8M | $37.6M | 20x | |
| BloFin ONE-USDT | −0.3796% | 1h | 0.004304 | −0.230% | $831K | $3.3M | 50x | as long as short |
| Aster ONEUSDT | −0.1876% | 1h | 0.004320 | +0.158% | $2.3M | $8.5M | 5x | as long as short |
| Binance ONEUSDT | −0.1713% | 1h | 0.004316 | +0.056% | $14.4M | $360.9M | 50x | as long as short |
| MEXC ONE_USDTshort | −0.1712% | 1h | 0.004326 | +0.285% | $10.9M | $16.7M | 20x | |
| Gate ONE_USDT | −0.0387% | 8h | 0.004314 | +0.014% | $1.8M | $16.9M | 20x | as long as short |
| BingX ONE-USDT | −0.0152% | 1h | 0.004330 | +0.383% | — | $6.6M | — | as long as short |
KuCoin ONEUSDTM
Variational Omni ONE
BloFin ONE-USDT
Aster ONEUSDT
Binance ONEUSDT
Gate ONE_USDT
BingX ONE-USDT