AXL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against MEXC−0.172%49s7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as 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−$820.823% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.443%+$44 · spread now −0.172%, 7d avg +0.034%

Together, before fees+0.440%+$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.207% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 49 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	MEXC AXL_USDT	0.05220	0.0100	pay 0.0050% / 4h	40m 21s	$326K	$168K	50x
Short	BloFin AXL-USDT	0.05211	0.0097	get 0.0048% / 4h	40m 21s	$121K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$0.73
Price spread: −0.172% → +0.034%: −$20.67
Slippage, 4 orders: −$66.27
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$103.67
Costs to cover: 0.823%
Break-even: never at this rate

Slippage from MEXC: live order book, 65 min ago; BloFin: live order book, 56 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, 65 min ago	2.84 bp	13.7 bp −$14	48.7 bp −$487	99.6 bp −$9,956	doesn't fit
Sell BloFin live order book, 56 min ago	3.79 bp	29.1 bp −$29	85.0 bp −$850	doesn't fit	doesn't fit

AXL on 9 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
BingX AXL-USDT	+0.0070%	4h	0.05221	+0.019%	—	$2.3M	—	as long as short
BloFin AXL-USDTshort	+0.0097%	4h	0.05211	−0.172%	$121K	$10K	50x
Aster AXLUSDT	+0.0100%	4h	0.05222	+0.033%	$34K	$7K	5x	as long as short
Binance AXLUSDT	+0.0100%	4h	0.05220	−0.008%	$1.8M	$4.3M	50x	as long as short
Bybit AXLUSDT	+0.0100%	4h	0.05215	−0.096%	$1.5M	$2.0M	25x	as long as short
MEXC AXL_USDTlong	+0.0100%	4h	0.05220	long leg	$326K	$168K	50x
KuCoin AXLUSDTM	+0.0100%	4h	0.05217	−0.057%	$437K	$94K	30x	as long as short
Bitget AXLUSDT	+0.0100%	4h	0.05216	−0.077%	$570K	$314K	50x	as long as short
Variational Omni AXL	+0.0100%	4h	0.05212	−0.162%	$6K	$23K	—	as long as short