Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.019%
Price spread now: Bitget against MEXC−0.019%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$680.683% of the position
Funding, last 7 days+0.376%+$38 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.019%, 7d avg −0.116%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.097% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.116%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC T_USDT | 0.005180 | −0.0600 | get 0.0300% / 4h | 26m 00s | $3.1M | $260K | 20x |
| Short | Bitget TUSDT | 0.005179 | −0.0580 | pay 0.0290% / 4h | 26m 00s | $888K | $776K | 50x |
MEXC T_USDT
Bitget TUSDTFunding 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
- $4.2
- Price spread: −0.019% → −0.116%
- $9.7
- Slippage, 4 orders
- −$52.35
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$54.45
- Costs to cover
- 0.683%
- Break-even
- 97.8 days
Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 50 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, 1 min ago | 0.96 bp | 8.6 bp −$9 | 22.2 bp −$222 | 126.2 bp −$12.6K | doesn't fit |
| Sell Bitget live order book, 50 min ago | 2.90 bp | 30.3 bp −$30 | 114.8 bp −$1,148 | doesn't fit | doesn't fit |
T 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_TUSD | −0.4378% | 1h | 0.005181 | +0.018% | $2K | $2K | 10x | as long as short |
| Variational Omni T | −0.0747% | 4h | 0.005185 | +0.095% | $7K | $13K | — | as long as short |
| Gate T_USDT | −0.0732% | 4h | 0.005189 | +0.174% | $214K | $118K | 20x | as long as short |
| KuCoin TUSDTM | −0.0712% | 4h | 0.005184 | +0.077% | $1.4M | $109K | 12x | as long as short |
| Bybit TUSDT | −0.0629% | 4h | 0.005180 | 0.000% | $1.6M | $2.1M | 25x | as long as short |
| Binance TUSDT | −0.0612% | 4h | 0.005177 | −0.057% | $3.3M | $9.9M | 50x | as long as short |
| MEXC T_USDTlong | −0.0600% | 4h | 0.005180 | long leg | $3.1M | $260K | 20x | |
| Bitget TUSDTshort | −0.0580% | 4h | 0.005179 | −0.019% | $888K | $776K | 50x |
Kraken Futures PF_TUSD
Variational Omni T
Gate T_USDT
KuCoin TUSDTM
Bybit TUSDT
Binance TUSDT