Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.085%
Price spread now: MEXC against Bitget+0.132%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$620.619% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 7 days+0.095%+$9 · spread now +0.132%, 7d avg +0.150%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PIUSDT | 0.09080 | 0.0100 | pay 0.0050% / 4h | 2h 33m | $5.0M | $2.2M | 50x |
| Short | MEXC PI_USDT | 0.09092 | 0.0100 | get 0.0050% / 4h | 2h 33m | $10.0M | $1.6M | 125x |
Bitget PIUSDT
MEXC PI_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
- $0
- Price spread: +0.132% → +0.150%
- −$1.77
- Slippage, 4 orders
- −$45.87
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$63.64
- Costs to cover
- 0.619%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago | 5.52 bp | 25.2 bp −$25 | 74.3 bp −$743 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.55 bp | 3.5 bp −$4 | 44.8 bp −$448 | 162.0 bp −$16.2K | 283.3 bp −$141.7K |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | +0.110% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09080 | 0.000% | $2.6M | $7.2M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09090 | +0.110% | $2.7M | $2.4M | 50x | as long as short |
| MEXC PI_USDTshort | +0.0100% | 4h | 0.09092 | +0.132% | $10.0M | $1.6M | 125x | |
| Bitget PIUSDTlong | +0.0100% | 4h | 0.09080 | long leg | $5.0M | $2.2M | 50x | |
| BingX PI-USDT | +0.0100% | 4h | 0.09084 | +0.044% | — | $6.6M | — | as long as short |
Injective PI/USDC PERP
OKX PI-USDT-SWAP
Gate PI_USDT
BingX PI-USDT