TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0948%/8h= −103.8% APRnext payment −$4.74 per $10,000 · paid last 24h −0.047%

Price spread now: MEXC against BingX−0.036%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1091.091% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.343%−$34 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.036%, 7d avg −0.061%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.025% dearer against BingX than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.061%): +$2 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.343% in total) that is about 12 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.343% in total (about -17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.74 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	BingX TRUTH-USDT	0.01371	0.1666	pay 0.0833% / 4h	3h 33m	—	$6.5M	—
Short	MEXC TRUTH_USDT	0.01370	0.0718	get 0.0359% / 4h	3h 33m	$11.9M	$132K	20x

Funding 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 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$199.08
Price spread: −0.036% → −0.061%: $2.5
Slippage, 4 orders: −$95.09
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$305.67
Costs to cover: 1.091%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; MEXC: 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 BingX live order book, 3 min ago	7.29 bp	36.3 bp −$36	147.6 bp −$1,476	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.37 bp	8.0 bp −$8	49.2 bp −$492	241.4 bp −$24.1K	doesn't fit

TRUTH on 10 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 TRUTHUSDT	+0.0477%	4h	0.01364	−0.459%	$36K	$6K	5x	as long as short
MEXC TRUTH_USDTshort	+0.0718%	4h	0.01370	−0.036%	$11.9M	$132K	20x
Binance TRUTHUSDT	+0.0718%	4h	0.01370	−0.018%	$4.4M	$1.6M	20x	as long as short
Extended TRUTH-USD	+0.0720%	1h	0.01370	−0.045%	$861	$174K	5x	as long as short
BloFin TRUTH-USDT	+0.0722%	4h	0.01370	−0.051%	$197K	$13K	50x	as long as short
KuCoin TRUTHUSDTM	+0.0850%	4h	0.01369	−0.102%	$1.1M	$46K	10x	as long as short
OKX TRUTH-USDT-SWAP	+0.1008%	4h	0.01373	+0.161%	$199K	$295K	10x	as long as short
Gate TRUTH_USDT	+0.1294%	4h	0.01366	−0.328%	$428K	$58K	20x	as long as short
Bybit TRUTHUSDT	+0.1500%	4h	0.01370	−0.073%	$1.3M	$453K	20x	as long as short
BingX TRUTH-USDTlong	+0.1666%	4h	0.01371	long leg	—	$6.5M	—