Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against MEXC−0.025%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$730.726% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.025%, 7d avg −0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.7998 | 0.0920 | pay 0.0460% / 4h | 1h 02m | $8.9M | $6.5M | 20x |
| Short | Binance BTWUSDT | 0.7996 | 0.0921 | get 0.0460% / 4h | 1h 02m | $111.1M | $178.5M | 10x |
MEXC BTW_USDT
Binance BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- $0.18
- Price spread: −0.025% → −0.004%
- −$2.07
- Slippage, 4 orders
- −$62.63
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$74.52
- Costs to cover
- 0.726%
- Break-even
- 2895.2 days
Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 10 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, 5 min ago | 1.25 bp | 9.2 bp −$9 | 46.9 bp −$469 | 259.7 bp −$26.0K | 549.2 bp −$274.6K |
| Sell Binance live order book, 10 min ago | 0.62 bp | 28.8 bp −$29 | 196.3 bp −$1,963 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.7992 | −0.073% | $7.1M | $4.8M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.7996 | −0.019% | $207K | $751K | 10x | as long as short |
| Bybit BTWUSDT | +0.0502% | 4h | 0.7989 | −0.109% | $15.5M | $41.2M | 10x | as long as short |
| Gate BTW_USDT | +0.0770% | 4h | 0.7989 | −0.108% | $3.3M | $17.9M | 10x | as long as short |
| Bitget BTWUSDT | +0.0782% | 4h | 0.8011 | +0.165% | $25.2M | $15.0M | 5x | as long as short |
| Aster BTWUSDT | +0.0785% | 4h | 0.7988 | −0.124% | $2.2M | $3.3M | 5x | as long as short |
| BingX BTW-USDT | +0.0884% | 4h | 0.7997 | −0.013% | — | $4.2M | — | as long as short |
| Extended BTW-USD | +0.0920% | 1h | 0.7995 | −0.041% | $34K | $15K | 5x | as long as short |
| MEXC BTW_USDTlong | +0.0920% | 4h | 0.7998 | long leg | $8.9M | $6.5M | 20x | |
| Binance BTWUSDTshort | +0.0921% | 4h | 0.7996 | −0.025% | $111.1M | $178.5M | 10x |
KuCoin BTWUSDTM
HTX BTW-USDT
Bybit BTWUSDT
Gate BTW_USDT
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0927% | 4h | 0.7979 | −0.237% | $347K | $512K | 10x | as long as short |
edgeX BTWUSDC