Funding you earn now, next payment 12:00 UTC−0.0250%/8h= −27.4% APRnext payment −$1.25 per $10,000 · paid last 24h −0.038%
Price spread now: MEXC against BingX+0.042%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1041.041% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.042%, 7d avg −0.003%
=The price spread pays, funding is against you. MEXC is 0.046% dearer against BingX than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.003%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.043% in total) that is about 7.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.25 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GWEI-USDT | 0.02371 | 0.0350 | pay 0.0175% / 4h | 1h 53m | — | $1.6M | — |
| Short | MEXC GWEI_USDT | 0.02372 | 0.0100 | get 0.0050% / 4h | 1h 53m | $129K | $92K | 20x |
BingX GWEI-USDT
MEXC GWEI_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
- −$52.5
- Price spread: +0.042% → −0.003%
- $4.56
- Slippage, 4 orders
- −$90.12
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$152.05
- Costs to cover
- 1.041%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 49 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, 6 min ago | 6.32 bp | 31.3 bp −$31 | 121.4 bp −$1,214 | 843.1 bp −$84.3K | 1164.5 bp −$582.3K |
| Sell MEXC live order book, 49 min ago | 4.22 bp | 18.2 bp −$18 | 106.6 bp −$1,066 | 412.8 bp −$41.3K | doesn't fit |
GWEI on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin GWEI-USDT | +0.0050% | 4h | 0.02371 | 0.000% | $171K | $46K | 50x | as long as short |
| Binance GWEIUSDT | +0.0100% | 4h | 0.02371 | −0.009% | $2.6M | $5.2M | 50x | as long as short |
| Bybit GWEIUSDT | +0.0100% | 4h | 0.02371 | 0.000% | $400K | $284K | 25x | as long as short |
| Gate GWEI_USDT | +0.0100% | 4h | 0.02366 | −0.207% | $408K | $589K | 10x | as long as short |
| MEXC GWEI_USDTshort | +0.0100% | 4h | 0.02372 | +0.042% | $129K | $92K | 20x | |
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02374 | +0.148% | $466K | $35K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02374 | +0.122% | $5K | $1K | — | as long as short |
| Extended GWEI-USD | +0.0104% | 1h | 0.02369 | −0.074% | $5K | $223K | 5x | as long as short |
| Bitget GWEIUSDT | +0.0306% | 4h | 0.02368 | −0.127% | $2.0M | $496K | 20x | as long as short |
| BingX GWEI-USDTlong | +0.0350% | 4h | 0.02371 | long leg | — | $1.6M | — |
BloFin GWEI-USDT
Binance GWEIUSDT
Bybit GWEIUSDT
Gate GWEI_USDT
KuCoin GWEIUSDTM
Variational Omni GWEI
Extended GWEI-USD
Bitget GWEIUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.0872% | 4h | 0.02371 | −0.013% | $19K | $28K | 10x | as long as short |
Aster GWEIUSDT