Funding you earn now, next payment 00:00 UTC−0.0788%/8h= −86.3% APRnext payment −$3.94 per $10,000 · paid last 24h −0.065%
Price spread now: Bitget against MEXC−0.342%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now −0.342%, 7d avg −0.150%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bitget is 0.192% cheaper against MEXC than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.150%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.94 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 | MEXC PI_USDT | 0.09061 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $9.3M | $1.3M | 125x |
| Short | Bitget PIUSDT | 0.09030 | −0.0688 | pay 0.0344% / 4h | 1h 18m | $4.9M | $1.6M | 50x |
MEXC PI_USDT
Bitget PIUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$165.48
- Price spread: −0.342% → −0.150%
- −$19.22
- Slippage, 4 orders
- −$43.8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$244.51
- Costs to cover
- 0.598%
- 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 5 min ago | 2.75 bp | 9.5 bp −$10 | 41.8 bp −$418 | 133.6 bp −$13.4K | 277.9 bp −$138.9K |
| Sell Bitget live order book, 5 min ago | 5.52 bp | 21.8 bp −$22 | 56.4 bp −$564 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDTshort | −0.0688% | 4h | 0.09030 | −0.342% | $4.9M | $1.6M | 50x | |
| Injective PI/USDC PERP | +0.0055% | 1h | 0.09090 | +0.320% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09056 | −0.055% | $2.7M | $5.9M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09060 | −0.011% | $2.7M | $2.1M | 50x | as long as short |
| MEXC PI_USDTlong | +0.0100% | 4h | 0.09061 | long leg | $9.3M | $1.3M | 125x | |
| BingX PI-USDT | +0.0100% | 4h | 0.09058 | −0.033% | — | $6.6M | — | as long as short |
Injective PI/USDC PERP
OKX PI-USDT-SWAP
Gate PI_USDT
BingX PI-USDT