Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BloFin+0.018%64s7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as 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−$1361.361% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.018%, 7d avg −0.018%
=The price spread pays, funding is against you. MEXC is 0.036% dearer against BloFin than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.018%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.009% in total) that is about 27 days. The two prices were read 64 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 US-USDT | 0.01636 | 0.0304 | pay 0.0152% / 4h | 3h 46m | $479K | $49K | 10x |
| Short | MEXC US_USDT | 0.01637 | 0.0292 | get 0.0146% / 4h | 3h 46m | $5.5M | $113K | 100x |
BloFin US-USDT
MEXC US_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.45
- Price spread: +0.018% → −0.018%
- $3.59
- Slippage, 4 orders
- −$120.12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$134.99
- Costs to cover
- 1.361%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 50 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 BloFin live order book, 50 min ago | 6.71 bp | 42.4 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.31 bp | 28.9 bp −$29 | 69.7 bp −$697 | 437.4 bp −$43.7K | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01636 | −0.024% | $3.2M | $934K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01634 | −0.141% | $2.0M | $588K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01630 | −0.403% | $4.0M | $321K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01637 | +0.050% | $16K | $3K | — | as long as short |
| Extended US-USD | +0.0288% | 1h | 0.01636 | −0.053% | $2K | $95K | 5x | as long as short |
| Binance USUSDT | +0.0291% | 4h | 0.01636 | −0.024% | $9.1M | $3.2M | 10x | as long as short |
| MEXC US_USDTshort | +0.0292% | 4h | 0.01637 | +0.018% | $5.5M | $113K | 100x | |
| BloFin US-USDTlong | +0.0304% | 4h | 0.01636 | long leg | $479K | $49K | 10x | |
| Aster USUSDT | +0.0314% | 4h | 0.01636 | −0.046% | $12K | $54K | 5x | as long as short |
| BingX US-USDT | +0.0468% | 4h | 0.01637 | +0.037% | — | $1.3M | — | as long as short |
Bybit USUSDT
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Extended US-USD
Binance USUSDT
Aster USUSDT
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDT | +0.0488% | 4h | 0.01636 | −0.018% | $4.3M | $259K | 10x | as long as short |
Bitget USUSDT