BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.2% APRnext payment −$1.20 per $10,000 · paid last 24h −0.026%

Price spread now: BloFin against MEXC+0.017%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.017%, 7d avg −0.003%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.021% dearer against MEXC than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.003%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,221.2	0.0098	pay 0.0098% / 8h	37m 05s	$5.04B	$5.73B	500x
Short	BloFin BTC-USDT	85,235.9	−0.0022	pay 0.0022% / 8h	37m 05s	$420.5M	$681.9M	150x

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 +0.017%Rate

Funding earned: −$25.25
Price spread: +0.017% → −0.003%: $2.06
Slippage, 4 orders: −$0.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39.53
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago	0.13 bp	2.1 bp −$2	2.1 bp −$21	2.2 bp −$222	2.7 bp −$1,366
Sell BloFin live order book, 7 min ago	0.02 bp	6.0 bp −$6	6.1 bp −$61	6.1 bp −$607	7.0 bp −$3,508

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	85,262	+0.048%	$8K	$3K	50x	as long as short
Phoenix BTC	−0.0034%	1h	85,354	+0.156%	$2.3M	$10.8M	40x	as long as short
KuCoin XBTUSDTM	−0.0024%	8h	85,211	−0.012%	$929.0M	$775.6M	125x	as long as short
BloFin BTC-USDTshort	−0.0022%	8h	85,235.9	+0.017%	$420.5M	$681.9M	150x
Aster BTCUSDT	−0.0006%	8h	85,214	−0.008%	$509.5M	$1.09B	200x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,224.3	+0.004%	$346K	$2.3M	50x	as long as short
Perpl BTC	0.0000%	43m	85,258.3	+0.044%	$481K	$18.4M	6.7x	as long as short
dYdX BTC-USD	+0.0004%	1h	85,225.3	+0.005%	$16.7M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,227.3	+0.007%	$36.5M	—	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0026%	1h	85,231.1	+0.012%	$185.6M	$953.6M	100x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni BTCUSDT	+0.0063%	1h	85,387.6	+0.195%	$139.8M	$312.7M	100x	as long as short
Injective BTC/USDC PERP	+0.0067%	1h	85,249	+0.033%	$338K	$24.7M	52x	as long as short
BingX BTC-USDC	+0.0067%	8h	85,224.8	+0.004%	—	$17.4M	—	as long as short
Deribit BTC-PERPETUAL	+0.0080%	1h	85,258.5	+0.044%	$840.9M	$1.66B	50x	as long as short
Bybit BTCUSDT	+0.0082%	8h	85,212.6	−0.010%	$5.12B	$10.00B	150x	as long as short
Nado BTC-PERP	+0.0087%	1h	85,266	+0.053%	$24.0M	$220.4M	50x	as long as short
Bitget BTCUSDT	+0.0092%	8h	85,225.9	+0.006%	$2.97B	$5.18B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,226.2	+0.006%	$168.4M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,229	+0.009%	$23.6M	$148.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,235	+0.016%	$8.4M	$57.4M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,226.4	+0.006%	$2.4M	$6.7M	20x	as long as short
Binance BTCUSDT	+0.0098%	8h	85,223.6	+0.003%	$9.39B	$25.08B	150x	as long as short
MEXC BTC_USDTlong	+0.0098%	8h	85,221.2	long leg	$5.04B	$5.73B	500x
Katana Perps BTC-USD	+0.0100%	8h	85,208	−0.015%	$270K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,300.9	+0.094%	$5.8M	$9.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,306	+0.100%	$3.74B	$5.07B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,265	+0.051%	$39.9M	$606.5M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,247.1	+0.030%	$2.60B	$12.21B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,238	+0.020%	$3.8M	$17.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,249.8	+0.034%	$4.7M	$96.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,235.4	+0.017%	$5.49B	$11.05B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,213.5	−0.009%	$37.3M	$186.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,361.8	+0.165%	$156.0M	$553.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,300.9	+0.094%	$282.9M	$956.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,333.8	+0.132%	$214.3M	$158.5M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,322.9	+0.119%	$30.1M	$210.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,299	+0.091%	—	$10.1M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,232	+0.013%	$10.9M	$14.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,221.8	+0.001%	$197K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,216.3	−0.006%	$2.6M	$9.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,253.3	+0.038%	$194K	$796K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,281.1	+0.070%	$29.9M	$45.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,215.5	−0.007%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,215	−0.007%	$59.6M	$336.5M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,215	−0.007%	$2.25B	$969.2M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,227.5	+0.007%	$158.9M	$514.8M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,299.3	+0.092%	$693.1M	$258.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,192.5	−0.034%	$45.5M	$241.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,221.1	0.000%	—	$106.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,265	+0.051%	$111.9M	$5.48B	50x	as long as short
Reya BTCRUSDPERP	+0.0138%	1h	85,207.8	−0.016%	$6.6M	$145.8M	40x	as long as short
Kalshi KXBTCPERP	+0.0172%	8h	85,264	+0.050%	$12.0M	$736.7M	6.4x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,251.1	+0.035%	$8.8M	$42.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0147%	1h	85,226.8	+0.007%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	85,345.5	+0.146%	$683K	$7.7M	30x	as long as short
Aftermath Perps BTCUSD	+0.0297%	1h	85,360.2	+0.163%	$79K	$252K	20x	as long as short