Funding you earn now, next payment 08:00 UTC−0.0187%/8h= −20.5% APRnext payment −$1.87 per $10,000 · paid last 24h −0.019%
Price spread now: MEXC against BingX−0.099%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 7 days+0.120%+$12 · spread now −0.099%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.108% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.87 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX FET-USDT | 0.2017 | 0.0287 | pay 0.0287% / 8h | 6h 47m | — | $6.0M | — |
| Short | MEXC FET_USDT | 0.2015 | 0.0100 | get 0.0100% / 8h | 6h 47m | $31.2M | $24.8M | 200x |
BingX FET-USDT
MEXC FET_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
- −$39.27
- Price spread: −0.099% → +0.009%
- −$10.78
- Slippage, 4 orders
- −$23.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$83.99
- Costs to cover
- 0.339%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; MEXC: 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 BingX live order book, 3 min ago | 4.93 bp | 13.3 bp −$13 | 17.5 bp −$175 | 87.1 bp −$8,711 | 378.8 bp −$189.4K |
| Sell MEXC live order book, 7 min ago | 2.48 bp | 5.1 bp −$5 | 12.3 bp −$123 | 71.7 bp −$7,167 | 211.6 bp −$105.8K |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.5177% | 1h | 0.2016 | −0.050% | $29K | $231K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2028 | +0.545% | $148K | $215K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0743% | 1h | 0.2019 | +0.111% | $981K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2019 | +0.084% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.347% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0050% | 8h | 0.2016 | −0.050% | $2.7M | $12.2M | 50x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2018 | +0.069% | $9.0M | $8.3M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2016 | −0.068% | $307K | $577K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2017 | −0.021% | $31.3M | $112.1M | 75x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2015 | −0.099% | $31.2M | $24.8M | 200x |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Hyperliquid FET
Aster FETUSDT
Binance FETUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2019 | +0.099% | $10.6M | $19.2M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2023 | +0.307% | $354K | $401K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2016 | −0.050% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2018 | +0.060% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0152% | 4h | 0.2016 | −0.050% | $998K | $8.0M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2016 | −0.048% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2020 | +0.149% | $1.7M | $2.8M | 100x | as long as short |
| BingX FET-USDTlong | +0.0287% | 8h | 0.2017 | long leg | — | $6.0M | — | |
| Bitget FETUSDT | +0.0309% | 8h | 0.2019 | +0.099% | $16.2M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2026 | +0.446% | $35K | $43K | 5x | as long as short |
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Bitget FETUSDT
Phoenix FET