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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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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: Bitget against MEXC−0.194%7-day average −0.339% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1141.142% of the position
Long on MEXCShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.079%−$8 on $10k
Price spread, last 7 days−0.442%−$44 · spread now −0.194%, 7d avg −0.339%
Together, before fees−0.521%−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.145% dearer against MEXC than usual: you sell high and buy low (spread −0.194% now, against its 7-day average of −0.339%): +$14 on $10k if it goes back. Holding the pair costs −$88 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.079% in total) that is about 13 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ONE_USDT0.004372−0.1712get 0.0214% / 1h18m 51s$11.0M$16.7M20x
ShortBitget ONEUSDT0.004364−0.4640pay 0.0580% / 1h18m 51s$1.8M$37.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
−$614.88
Price spread: −0.194% → −0.339%
$14.47
Slippage, 4 orders
−$98.18
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$714.6
Costs to cover
1.142%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago0.12 bp8.7 bp −$975.6 bp −$756263.4 bp −$26.3Kdoesn't fit
Sell Bitget live order book, 5 min ago4.40 bp34.3 bp −$34doesn't fitdoesn't fitdoesn't fit

ONE on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ONEUSDTM−1.8888%1h0.004684+7.136%$5.2M$13.0M30xas long as short
Variational Omni ONE−1.1979%1h0.004300−1.645%$106K$54K—as long as short
Bitget ONEUSDTshort−0.4640%1h0.004364−0.194%$1.8M$37.6M20x
BloFin ONE-USDT−0.3809%1h0.004336−0.821%$828K$3.3M50xas long as short
Aster ONEUSDT−0.1876%1h0.004336−0.823%$2.3M$8.5M5xas long as short
Binance ONEUSDT−0.1713%1h0.004344−0.638%$14.5M$361.0M50xas long as short
MEXC ONE_USDTlong−0.1712%1h0.004372long leg$11.0M$16.7M20x
Gate ONE_USDT−0.0393%8h0.004325−1.075%$1.8M$16.9M20xas long as short
BingX ONE-USDT−0.0152%1h0.004344−0.647%—$6.6M—as long as short