Funding you earn now, next payment 12:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h +0.150%
Price spread now: MEXC against BingX−0.025%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$710.709% of the position
Funding, last 7 days+0.741%+$74 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.025%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.741%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTW-USDT | 0.8023 | 0.0686 | pay 0.0343% / 4h | 2h 59m | — | $3.9M | — |
| Short | MEXC BTW_USDT | 0.8021 | 0.0648 | get 0.0324% / 4h | 2h 59m | $9.0M | $6.2M | 20x |
BingX BTW-USDT
MEXC BTW_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
- −$7.98
- Price spread: −0.025% → −0.036%
- $1.15
- Slippage, 4 orders
- −$60.9
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$77.73
- Costs to cover
- 0.709%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 3 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, 11 min ago | 6.19 bp | 28.6 bp −$29 | 84.0 bp −$840 | 730.1 bp −$73.0K | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.25 bp | 7.2 bp −$7 | 23.1 bp −$231 | 227.4 bp −$22.7K | 865.2 bp −$432.6K |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.0100% | 4h | 0.8009 | −0.172% | $15.5M | $38.8M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8007 | −0.204% | $7.1M | $4.6M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.7969 | −0.673% | $208K | $724K | 10x | as long as short |
| Bitget BTWUSDT | +0.0522% | 4h | 0.8034 | +0.139% | $25.2M | $14.6M | 5x | as long as short |
| Aster BTWUSDT | +0.0563% | 4h | 0.8000 | −0.290% | $2.2M | $3.3M | 5x | as long as short |
| Extended BTW-USD | +0.0648% | 1h | 0.8004 | −0.243% | $34K | $15K | 5x | as long as short |
| MEXC BTW_USDTshort | +0.0648% | 4h | 0.8021 | −0.025% | $9.0M | $6.2M | 20x | |
| Binance BTWUSDT | +0.0649% | 4h | 0.8022 | −0.012% | $111.3M | $172.1M | 10x | as long as short |
| BingX BTW-USDTlong | +0.0686% | 4h | 0.8023 | long leg | — | $3.9M | — | |
| edgeX BTWUSDC | +0.0722% | 4h | 0.7984 | −0.489% | $347K | $512K | 10x | as long as short |
Bybit BTWUSDT
KuCoin BTWUSDTM
HTX BTW-USDT
Bitget BTWUSDT
Aster BTWUSDT
Extended BTW-USD
Binance BTWUSDT
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0866% | 4h | 0.7993 | −0.370% | $3.3M | $16.6M | 10x | as long as short |
Gate BTW_USDT