BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.014%

Price spread now: BingX against MEXC−0.006%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.006%, 7d avg +0.001%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,212.6	0.0100	pay 0.0100% / 8h	17m 54s	$5.02B	$5.77B	500x
Short	BingX BTC-USDT	85,207.4	0.0064	get 0.0064% / 8h	17m 54s	—	$1.58B	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$7.56
Price spread: −0.006% → +0.001%: −$0.7
Slippage, 4 orders: −$0.07
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.33
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 11 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, 1 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.3 bp −$227	4.5 bp −$2,262
Sell BingX live order book, 11 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.0 bp −$501	5.1 bp −$2,539

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
Hotstuff BTC-PERP	−0.0080%	1h	85,241	+0.033%	$8K	$3K	50x	as long as short
Phoenix BTC	−0.0034%	1h	85,189	−0.028%	$2.3M	$10.8M	40x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,240.6	+0.033%	$422.4M	$686.2M	150x	as long as short
KuCoin XBTUSDTM	−0.0015%	8h	85,203.2	−0.011%	$927.0M	$778.1M	125x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,226.9	+0.017%	$343K	$2.3M	50x	as long as short
Aster BTCUSDT	+0.0001%	8h	85,202.4	−0.012%	$509.1M	$1.09B	200x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,214.5	+0.002%	$36.4M	—	200x	as long as short
dYdX BTC-USD	+0.0011%	1h	85,231.4	+0.022%	$16.7M	$21.0M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0026%	1h	85,232.5	+0.023%	$185.7M	$955.6M	100x	as long as short
ApeX Omni BTCUSDT	+0.0058%	1h	85,166	−0.055%	$139.5M	$312.5M	100x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDTshort	+0.0064%	8h	85,207.4	−0.006%	—	$1.58B	—
Injective BTC/USDC PERP	+0.0067%	1h	85,181	−0.037%	$302K	$25.3M	52x	as long as short
Bybit BTCUSDT	+0.0080%	8h	85,201.9	−0.013%	$5.10B	$10.03B	150x	as long as short
Nado BTC-PERP	+0.0087%	1h	85,223.6	+0.013%	$24.1M	$220.9M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,224.6	+0.014%	$168.3M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,224.9	+0.014%	$23.6M	$148.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,215	+0.003%	$8.4M	$57.7M	100x	as long as short
Bitget BTCUSDT	+0.0096%	8h	85,203	−0.011%	$2.97B	$5.21B	150x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,202.8	−0.011%	$2.4M	$6.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,197	−0.018%	$269K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,256.7	+0.052%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,292	+0.093%	$3.75B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,237.4	+0.029%	$40.3M	$604.7M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,211	−0.002%	$9.38B	$25.16B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,213.9	+0.002%	$2.60B	$12.27B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,239	+0.031%	$3.8M	$17.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,232	+0.023%	$4.7M	$97.5M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,209.1	−0.004%	$5.49B	$11.14B	200x	as long as short
MEXC BTC_USDTlong	+0.0100%	8h	85,212.6	long leg	$5.02B	$5.77B	500x
Backpack BTC_USDC_PERP	+0.0100%	1h	85,203.6	−0.011%	$36.9M	$189.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,136.5	−0.089%	$156.2M	$549.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,142.9	−0.082%	$282.3M	$957.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,165.4	−0.055%	$213.7M	$159.2M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,160.1	−0.062%	$30.0M	$212.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,276.9	+0.075%	—	$10.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,210	−0.003%	$10.9M	$15.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,215.8	+0.004%	$196K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,214.1	+0.002%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,244.2	+0.037%	$194K	$796K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,209.5	−0.004%	$29.2M	$45.3M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,176.7	−0.042%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,209	−0.004%	$59.7M	$336.6M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,209.5	−0.004%	$2.25B	$974.1M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,211.4	−0.001%	$158.8M	$516.2M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,240	+0.032%	$693.3M	$214.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,183.4	−0.034%	$45.4M	$241.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,215.2	+0.003%	—	$106.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,250.9	+0.045%	$111.7M	$5.48B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0138%	1h	85,254.2	+0.049%	$840.0M	$1.67B	50x	as long as short
Reya BTCRUSDPERP	+0.0142%	1h	85,197.7	−0.018%	$6.6M	$143.0M	40x	as long as short
Kalshi KXBTCPERP	+0.0171%	8h	85,243	+0.036%	$12.1M	$737.5M	6.4x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,244.8	+0.038%	$8.8M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0174% / S −0.0146%	1h	85,212.2	0.000%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,273.5	+0.071%	$679K	$7.7M	30x	as long as short
Aftermath Perps BTCUSD	+0.0289%	1h	85,238	+0.030%	$81K	$254K	20x	as long as short
Perpl BTC	+0.0447%	43m	85,244.2	+0.037%	$459K	$18.4M	6.7x	as long as short