Funding you earn now, next payment 03:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.003%
Price spread now: MEXC against Bulk−0.089%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now −0.089%, 7d avg −0.002%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.087% cheaper against Bulk than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BTC-USD | 85,800.8 | 0.0100 | pay 0.0013% / 1h | 8m 27s | $635.6M | $478.1M | 40x |
| Short | MEXC BTC_USDT | 85,724.3 | 0.0087 | get 0.0087% / 8h | 5h 08m | $5.07B | $5.65B | 500x |
Bulk BTC-USD
MEXC BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bulk. 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
- −$2.73
- Price spread: −0.089% → −0.002%
- −$8.72
- Slippage, 4 orders
- −$0.04
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$22.49
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 1 min ago; MEXC: live order book, 6 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 Bulk live order book, 1 min ago | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$351 | 3.6 bp −$1,821 |
| Sell MEXC live order book, 6 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.1 bp −$209 | 2.5 bp −$1,271 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0535% | 1h | 85,773.6 | −0.032% | $197K | $722K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,805 | +0.005% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,730 | −0.082% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,731.1 | −0.081% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,764.5 | −0.042% | $415.9M | $666.1M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,713.3 | −0.102% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 85,712.6 | −0.103% | $919.5M | $751.6M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,755.1 | −0.053% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0015% | 1h | 85,728.9 | −0.084% | $22.6M | $219.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0020% | 8h | 85,734.2 | −0.078% | $516.6M | $1.10B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0057% | 8h | 85,720.9 | −0.093% | — | $17.0M | — | as long as short |
| Bitget BTCUSDT | +0.0072% | 8h | 85,715 | −0.100% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0073% | 1h | 85,716.3 | −0.098% | $6.7M | $146.5M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.007% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,727.3 | −0.086% | $2.5M | $1.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0082% | 8h | 85,768.2 | −0.038% | $149.2M | $479.9M | 150x | as long as short |
| MEXC BTC_USDTshort | +0.0087% | 8h | 85,724.3 | −0.089% | $5.07B | $5.65B | 500x | |
| Binance BTCUSDT | +0.0088% | 8h | 85,739.5 | −0.071% | $9.35B | $23.90B | 150x | as long as short |
| HTX BTC-USDT | +0.0092% | 8h | 85,759 | −0.049% | $2.27B | $936.5M | 200x | as long as short |
| SoDEX BTC-USD | +0.0094% | 1h | 85,770 | −0.036% | $60.1M | $336.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,746.8 | −0.063% | $174.7M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,749.3 | −0.060% | $23.9M | $149.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,729 | −0.084% | $8.4M | $52.3M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,780.9 | −0.023% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,699 | −0.119% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,810.1 | +0.011% | $3.75B | $4.96B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,764 | −0.043% | $40.2M | $576.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,747 | −0.063% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,750.9 | −0.058% | $2.58B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,700 | −0.117% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,706.8 | −0.109% | $6.8M | $97.6M | 40x | as long as short |
| Bulk BTC-USDlong | +0.0100% | 1h | 85,800.8 | long leg | $635.6M | $478.1M | 40x | |
| Gate BTC_USDT | +0.0100% | 8h | 85,748 | −0.061% | $5.55B | $10.57B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,755.4 | −0.053% | $35.3M | $173.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,777.2 | −0.027% | $157.4M | $555.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,754.5 | −0.054% | $280.1M | $916.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,809.7 | +0.010% | $215.5M | $165.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,774.1 | −0.031% | $140.3M | $314.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,831.8 | +0.036% | $30.3M | $208.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,781.6 | −0.022% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,724 | −0.089% | $11.1M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,730.5 | −0.082% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,733.9 | −0.078% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,766.8 | −0.040% | $30.0M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,752.5 | −0.056% | $2.9M | $6.1M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,697.9 | −0.120% | $44.3M | $226.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,732.7 | −0.079% | — | $106.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,813 | +0.014% | $124.5M | $5.11B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0112% | 1h | 85,812.2 | +0.013% | $891.4M | $1.53B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,758.3 | −0.050% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,790 | −0.013% | $189.3M | $953.0M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,853.1 | +0.061% | $704K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,739.6 | −0.071% | $13.6M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0205% | 1h | 85,785.6 | −0.018% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0220% | 8h | 85,816 | +0.018% | $10.6M | $758.5M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,722.4 | −0.091% | $501K | $19.2M | 6.7x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
Phemex BTCUSDT
Binance BTCUSDT
HTX BTC-USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC