IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against BloFin−0.134%49s7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$960.963% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.134%, 7d avg −0.094%

Together, before fees+0.112%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.094%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IO-USDT	0.1491	0.0134	pay 0.0067% / 4h	52m 19s	$192K	$34K	50x
Short	MEXC IO_USDT	0.1489	0.0100	get 0.0050% / 4h	52m 19s	$1.2M	$215K	125x

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 −0.134%Rate

Funding earned: −$7.1
Price spread: −0.134% → −0.094%: −$4.01
Slippage, 4 orders: −$80.33
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$107.44
Costs to cover: 0.963%
Break-even: never at this rate

Slippage from BloFin: live order book, 18 min ago; MEXC: live order book, 4 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	3.35 bp	20.0 bp −$20	58.5 bp −$585	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	6.73 bp	27.5 bp −$27	178.6 bp −$1,786	272.8 bp −$27.3K	doesn't fit

IO on 14 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
Hyperliquid IO	+0.0100%	1h	0.1491	0.000%	$996K	$266K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1490	−0.064%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1491	−0.018%	$3.0M	$5.0M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1489	−0.134%	$1.1M	$657K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1491	−0.007%	$231K	$471K	50x	as long as short
MEXC IO_USDTshort	+0.0100%	4h	0.1489	−0.134%	$1.2M	$215K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1489	−0.134%	$335K	$194K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1493	+0.134%	$1.4M	$989K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1490	−0.067%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1485	−0.387%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1490	−0.037%	$2K	$207K	5x	as long as short
BloFin IO-USDTlong	+0.0134%	4h	0.1491	long leg	$192K	$34K	50x
Injective IO/USDC PERP	+0.0563%	1h	0.1491	0.000%	$2K	$198	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.5946%	1h	0.1492	+0.065%	$39K	$7K	10x	as long as short