Funding you earn now, next payment 12:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against BingX−0.055%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$650.653% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days+0.138%+$14 · spread now −0.055%, 7d avg −0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.051% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SYN-USDT | 0.2537 | 0.0260 | pay 0.0130% / 4h | 3h 00m | — | $3.3M | — |
| Short | MEXC SYN_USDT | 0.2536 | 0.0268 | get 0.0134% / 4h | 3h 00m | $3.1M | $8.2M | 50x |
BingX SYN-USDT
MEXC SYN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- $1.68
- Price spread: −0.055% → −0.004%
- −$5.11
- Slippage, 4 orders
- −$55.26
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$68.69
- Costs to cover
- 0.653%
- Break-even
- 293.2 days
Slippage from BingX: live order book, 9 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 BingX live order book, 9 min ago | 2.19 bp | 27.8 bp −$28 | 114.6 bp −$1,146 | 722.8 bp −$72.3K | doesn't fit |
| Sell MEXC live order book, 2 min ago | 3.94 bp | 7.0 bp −$7 | 41.6 bp −$416 | 344.5 bp −$34.5K | 576.0 bp −$288.0K |
SYN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SYNUSD | −0.0372% | 1h | 0.2541 | +0.127% | $159K | $865K | 10x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2537 | −0.028% | $1.4M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2541 | +0.158% | $2K | $36K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2539 | +0.059% | $1.6M | $1.9M | 50x | as long as short |
| BingX SYN-USDTlong | +0.0260% | 4h | 0.2537 | long leg | — | $3.3M | — | |
| MEXC SYN_USDTshort | +0.0268% | 4h | 0.2536 | −0.055% | $3.1M | $8.2M | 50x | |
| Binance SYNUSDT | +0.0276% | 4h | 0.2538 | +0.012% | $12.7M | $43.5M | 10x | as long as short |
| Aster SYNUSDT | +0.1201% | 4h | 0.2539 | +0.045% | $2.9M | $1.0M | 5x | as long as short |
Kraken Futures PF_SYNUSD
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
Binance SYNUSDT
Aster SYNUSDT