Funding you earn now, next payment 12:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against MEXC+0.065%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1951.948% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now +0.065%, 7d avg −0.009%
=The price spread pays, funding is against you. Binance is 0.073% dearer against MEXC than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.009%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 26 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC US_USDT | 0.01546 | 0.0154 | pay 0.0077% / 4h | 3h 32m | $5.2M | $119K | 100x |
| Short | Binance USUSDT | 0.01547 | 0.0145 | get 0.0072% / 4h | 3h 32m | $8.7M | $3.5M | 10x |
MEXC US_USDT
Binance USUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$1.98
- Price spread: +0.065% → −0.009%
- $7.32
- Slippage, 4 orders
- −$180.79
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$189.45
- Costs to cover
- 1.948%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 7 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, 5 min ago | 5.45 bp | 34.0 bp −$34 | 65.9 bp −$659 | 408.6 bp −$40.9K | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.32 bp | 62.9 bp −$63 | 225.6 bp −$2,256 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.2466% | 4h | 0.01537 | −0.634% | $3.6M | $529K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01548 | +0.091% | $14K | $52K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01549 | +0.136% | $3.1M | $1.0M | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01542 | −0.252% | $1.9M | $675K | 20x | as long as short |
| Bitget USUSDT | +0.0100% | 4h | 0.01549 | +0.188% | $4.1M | $292K | 10x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01564 | +1.121% | $16K | $4K | — | as long as short |
| BloFin US-USDT | +0.0142% | 4h | 0.01547 | +0.039% | $460K | $46K | 10x | as long as short |
| Extended US-USD | +0.0144% | 1h | 0.01546 | −0.012% | $4K | $205K | 5x | as long as short |
| Binance USUSDTshort | +0.0145% | 4h | 0.01547 | +0.065% | $8.7M | $3.5M | 10x | |
| MEXC US_USDTlong | +0.0154% | 4h | 0.01546 | long leg | $5.2M | $119K | 100x |
KuCoin USUSDTM
Aster USUSDT
Bybit USUSDT
Gate US_USDT
Bitget USUSDT
Variational Omni US
BloFin US-USDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0172% | 4h | 0.01547 | +0.058% | — | $1.3M | — | as long as short |
BingX US-USDT