Funding you earn now, next payment 04:00 UTC−0.0912%/8h= −99.9% APRnext payment −$4.56 per $10,000 · paid last 24h −0.041%
Price spread now: MEXC against BingX+0.050%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1241.240% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.050%, 7d avg −0.065%
=The price spread pays, funding is against you. MEXC is 0.115% dearer against BingX than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.065%): +$11 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.038% in total) that is about 21 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.56 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 ARX-USDT | 0.2015 | 0.1398 | pay 0.0699% / 4h | 3h 35m | — | $1.7M | — |
| Short | MEXC ARX_USDT | 0.2016 | 0.0486 | get 0.0243% / 4h | 3h 35m | $877K | $418K | 20x |
BingX ARX-USDT
MEXC ARX_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$191.52
- Price spread: +0.050% → −0.065%
- $11.46
- Slippage, 4 orders
- −$105.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$304.04
- Costs to cover
- 1.240%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; MEXC: live order book, 30 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, 7 min ago | 9.98 bp | 39.5 bp −$40 | 141.2 bp −$1,412 | 1111.8 bp −$111.2K | 1369.8 bp −$684.9K |
| Sell MEXC live order book, 30 min ago | 2.48 bp | 19.9 bp −$20 | 97.0 bp −$970 | 276.8 bp −$27.7K | 648.3 bp −$324.1K |
ARX 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ARX_USDT | +0.0100% | 4h | 0.2019 | +0.199% | $1.0M | $413K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2012 | −0.149% | $711K | $742K | 20x | as long as short |
| Bitget ARXUSDT | +0.0270% | 4h | 0.2014 | −0.035% | $1.9M | $1.7M | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0449% | 4h | 0.2019 | +0.199% | $733K | $3.0M | 20x | as long as short |
| BloFin ARX-USDT | +0.0484% | 4h | 0.2010 | −0.248% | $235K | $49K | 20x | as long as short |
| MEXC ARX_USDTshort | +0.0486% | 4h | 0.2016 | +0.050% | $877K | $418K | 20x | |
| Binance ARXUSDT | +0.0501% | 4h | 0.2017 | +0.099% | $5.5M | $11.2M | 20x | as long as short |
| Aster ARXUSDT | +0.0685% | 4h | 0.2007 | −0.398% | $80K | $99K | 10x | as long as short |
| Bybit ARXUSDT | +0.1348% | 4h | 0.2018 | +0.149% | $4.1M | $2.3M | 20x | as long as short |
| BingX ARX-USDTlong | +0.1398% | 4h | 0.2015 | long leg | — | $1.7M | — |
Gate ARX_USDT
KuCoin ARXUSDTM
Bitget ARXUSDT
OKX ARX-USDT-SWAP
BloFin ARX-USDT
Binance ARXUSDT
Aster ARXUSDT
Bybit ARXUSDT