IO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against MEXC+0.527%79s7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as 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−$970.967% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 3 days (all we have)−0.556%−$56 · spread now +0.527%, 7d avg +0.097%

Together, before fees−0.506%−$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.430% dearer against MEXC than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.097%. The two prices were read 79 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	MEXC IO_USDT	0.1517	0.0100	pay 0.0050% / 4h	3h 03m	$1.2M	$232K	125x
Short	BloFin IO-USDT	0.1525	0.0113	get 0.0057% / 4h	3h 03m	$142K	$33K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.527%Rate

Funding earned: $2.82
Price spread: +0.527% → +0.097%: $43.04
Slippage, 4 orders: −$80.74
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$50.89
Costs to cover: 0.967%
Break-even: 133.3 days

Slippage from MEXC: live order book, 1 min ago; BloFin: live order book, 61 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, 1 min ago	6.57 bp	23.1 bp −$23	172.2 bp −$1,722	267.3 bp −$26.7K	doesn't fit
Sell BloFin live order book, 61 min ago	13.13 bp	26.4 bp −$26	72.8 bp −$728	doesn't fit	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	0.1519	+0.158%	$1.0M	$383K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1520	+0.211%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1518	+0.045%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1516	−0.046%	$1.1M	$904K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1518	+0.086%	$240K	$555K	50x	as long as short
MEXC IO_USDTlong	+0.0100%	4h	0.1517	long leg	$1.2M	$232K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1520	+0.198%	$361K	$675K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1519	+0.132%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1517	0.000%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1520	+0.179%	$33K	$8K	—	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	0.1519	+0.163%	$3K	$125K	5x	as long as short
BloFin IO-USDTshort	+0.0113%	4h	0.1525	+0.527%	$142K	$33K	50x
Injective IO/USDC PERP	+0.0414%	1h	0.1517	0.000%	$2K	$202	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.0619%	1h	0.1524	+0.448%	$40K	$18K	10x	as long as short