Funding you earn now, next payment 03:00 UTC+0.0369%/8h= +40.4% APRpaid last 24h +0.014%
Price spread now: MEXC against Vest−0.345%7-day average −0.430% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)−0.346%−$35 · spread now −0.345%, 7d avg −0.430%
=Together, before fees−0.317%+ Points / potential airdropVest: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and MEXC is 0.086% dearer against Vest than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.430%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.029% in total (about 3.2% a year). A funding rate is set anew for every payment. 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 | Vest JPY-USD-PERP | 0.006385 | 0.0031 | pay 0.0004% / 1h | 50m 55s | — | $155K | 100x |
| Short | MEXC JPY_USDT | 0.006363 | 0.0400 | get 0.0200% / 4h | 1h 50m | $14.7M | $143K | 100x |
Vest JPY-USD-PERP
MEXC JPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Vest. 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
- $77.45
- Price spread: −0.345% → −0.430%
- $8.59
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $80.04
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 3 min ago | 4.72 bp | 35.0 bp −$35 | 67.2 bp −$672 | 111.2 bp −$11.1K | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
JPY on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest JPY-USD-PERPlong | +0.0031% | 1h | 0.006385 | long leg | — | $155K | 100x | |
| Hibachi JPY/USDT-P | +0.0120% | 1h | 0.006349 | −0.566% | $8K | $100K | 20x | as long as short |
| MEXC JPY_USDTshort | +0.0400% | 4h | 0.006363 | −0.345% | $14.7M | $143K | 100x |
Hibachi JPY/USDT-P