INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against BloFin+0.012%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1181.175% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.012%, 7d avg −0.014%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.026% dearer against BloFin than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.014%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.006% in total) that is about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin INIT-USDT	0.08412	0.0153	pay 0.0076% / 4h	3h 46m	$153K	$40K	25x
Short	MEXC INIT_USDT	0.08413	0.0100	get 0.0050% / 4h	3h 46m	$446K	$139K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$11.11
Price spread: +0.012% → −0.014%: $2.58
Slippage, 4 orders: −$101.54
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$126.07
Costs to cover: 1.175%
Break-even: never at this rate

Slippage from BloFin: live order book, 18 min ago; MEXC: live order book, 39 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 BloFin live order book, 18 min ago	2.98 bp	33.3 bp −$33	75.7 bp −$757	doesn't fit	doesn't fit
Sell MEXC live order book, 39 min ago	2.99 bp	13.8 bp −$14	72.4 bp −$724	228.8 bp −$22.9K	doesn't fit

INIT on 13 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
Kraken Futures PF_INITUSD	−0.0127%	1h	0.08405	−0.087%	$5K	$13K	10x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08412	−0.005%	$313K	$137K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08392	−0.234%	$28K	$7K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08412	0.000%	$3.5M	$2.5M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08401	−0.131%	$1.4M	$1.1M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08420	+0.095%	$141K	$429K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08391	−0.250%	$82K	$15K	25x	as long as short
MEXC INIT_USDTshort	+0.0100%	4h	0.08413	+0.012%	$446K	$139K	20x
KuCoin INITUSDTM	+0.0100%	4h	0.08418	+0.071%	$327K	$37K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08401	−0.131%	$437K	$200K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08407	−0.059%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08379	−0.391%	$27K	$10K	—	as long as short
BloFin INIT-USDTlong	+0.0153%	4h	0.08412	long leg	$153K	$40K	25x