S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.070%

Price spread now: MEXC against BloFin+0.579%109s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.467% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.302%−$30 on $10k

Price spread, last 4 days (all we have)−0.436%−$44 · spread now +0.579%, 7d avg +0.049%

Together, before fees−0.738%−$74 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.530% dearer against BloFin than usual: you sell high and buy low (spread +0.579% now, against its 7-day average of +0.049%): +$53 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7.4 days. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin S-USDT	0.04148	0.0340	pay 0.0170% / 4h	25m 27s	$282K	$119K	75x
Short	MEXC S_USDT	0.04172	0.0100	get 0.0050% / 4h	25m 27s	$4.3M	$1.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee MEXCbpOrdersPrice spread, now +0.579%Rate

Funding earned: −$50.4
Price spread: +0.579% → +0.049%: $52.96
Slippage, 4 orders: −$30.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$44.14
Costs to cover: 0.467%
Break-even: from the start

Slippage from BloFin: live order book, 54 min ago; MEXC: live order book, 2 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 BloFin live order book, 54 min ago	3.71 bp	20.4 bp −$20	64.4 bp −$644	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.20 bp	3.6 bp −$4	69.5 bp −$695	274.8 bp −$27.5K	doesn't fit

S on 25 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
01 Exchange SUSD	−1.1344%	1h	0.03980	−4.050%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1898%	1h	0.04164	+0.385%	$34K	$18K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1064%	1h	0.04073	−1.808%	$49K	$17K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04182	+0.817%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04171	+0.566%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04177	+0.699%	$70K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04181	+0.792%	$644	—	150x	as long as short
Variational Omni S	+0.0006%	4h	0.04166	+0.427%	$647K	$5K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−1.157%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.04181	+0.796%	$180K	$142K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_S_USDC	+0.0100%	4h	0.04174	+0.627%	$104K	$593K	10x	as long as short
Hyperliquid S	+0.0100%	1h	0.04177	+0.699%	$1.0M	$603K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04182	+0.820%	$45K	$144K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04178	+0.723%	$5.9M	$14.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04169	+0.506%	$6.0M	$4.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04172	+0.579%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04176	+0.675%	$342K	$190K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.04172	+0.579%	$4.3M	$1.9M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04171	+0.554%	$1.9M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04173	+0.603%	$1.3M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04177	+0.699%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04160	+0.289%	$21K	$499K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04172	+0.569%	$236K	$1.3M	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.04148	long leg	$282K	$119K	75x
Backpack S_USDC_PERP	+0.1379%	1h	0.04180	+0.771%	$105K	$456K	5x	as long as short