Funding you earn now, next payment 08:00 UTC−0.0430%/8h= −47.1% APRnext payment −$2.15 per $10,000 · paid last 24h −0.012%
Price spread now: MEXC against Bitget−0.238%7-day average −0.201% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$630.627% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.238%, 7d avg −0.201%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and MEXC is 0.037% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.201%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.15 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 PROMUSDT | 4.8646 | 0.0530 | pay 0.0265% / 4h | 2h 29m | $4.2M | $409K | 10x |
| Short | MEXC PROM_USDT | 4.8530 | 0.0100 | get 0.0050% / 4h | 2h 29m | $412K | $154K | 20x |
Bitget PROMUSDT
MEXC PROM_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
- −$90.3
- Price spread: −0.238% → −0.201%
- −$3.71
- Slippage, 4 orders
- −$46.72
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$156.73
- Costs to cover
- 0.627%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 1 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 | 3.19 bp | 22.3 bp −$22 | 52.8 bp −$528 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.03 bp | 8.9 bp −$9 | 47.7 bp −$477 | 188.0 bp −$18.8K | 526.1 bp −$263.0K |
PROM 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PROMUSDT | +0.0100% | 4h | 4.8558 | −0.182% | $130K | $13K | 5x | as long as short |
| Binance PROMUSDT | +0.0100% | 4h | 4.8550 | −0.198% | $15.6M | $9.1M | 50x | as long as short |
| MEXC PROM_USDTshort | +0.0100% | 4h | 4.8530 | −0.238% | $412K | $154K | 20x | |
| Extended PROM-USD | +0.0104% | 1h | 4.8561 | −0.175% | $893 | — | 5x | as long as short |
| KuCoin PROMUSDTM | +0.0104% | 4h | 4.8572 | −0.152% | $1.1M | $89K | 30x | as long as short |
| BloFin PROM-USDT | +0.0155% | 4h | 4.8520 | −0.259% | $795K | $288K | 50x | as long as short |
| Bitget PROMUSDTlong | +0.0530% | 4h | 4.8646 | long leg | $4.2M | $409K | 10x | |
| BingX PROM-USDT | +0.0530% | 4h | 4.8570 | −0.156% | — | $1.5M | — | as long as short |
| Gate PROM_USDT | +0.0832% | 4h | 4.8550 | −0.197% | $714K | $1.1M | 50x | as long as short |
Aster PROMUSDT
Binance PROMUSDT
Extended PROM-USD
KuCoin PROMUSDTM
BloFin PROM-USDT
BingX PROM-USDT
Gate PROM_USDT