Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.006%
Price spread now: MEXC against BingX−0.007%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$960.960% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.007%, 7d avg +0.013%
=Funding pays, the price is against you. MEXC is 0.020% cheaper against BingX than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.013%). If the spread goes back, that is −$2 on $10k: about 3.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.120% in total) that is about 28 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX M-USDT | 1.4315 | 0.0590 | pay 0.0295% / 4h | 21m 41s | — | $2.4M | — |
| Short | MEXC M_USDT | 1.4314 | 0.0612 | get 0.0306% / 4h | 21m 41s | $238K | $107K | 50x |
BingX M-USDT
MEXC M_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
- $4.62
- Price spread: −0.007% → +0.013%
- −$2.03
- Slippage, 4 orders
- −$81.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$93.39
- Costs to cover
- 0.960%
- Break-even
- 148.5 days
Slippage from BingX: live order book, 12 min ago; MEXC: live order book, 18 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, 12 min ago | 8.42 bp | 24.1 bp −$24 | 88.5 bp −$885 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 18 min ago | 1.40 bp | 23.5 bp −$23 | 45.6 bp −$456 | 104.6 bp −$10.5K | doesn't fit |
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4315 | 0.000% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4306 | −0.063% | $1.9M | $917K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4315 | 0.000% | $1.9M | $249K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4304 | −0.078% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4338 | +0.161% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4363 | +0.335% | $2K | $765K | 20x | as long as short |
| Aster MUSDT | +0.0466% | 4h | 1.4329 | +0.098% | $15K | $87K | 5x | as long as short |
| BingX M-USDTlong | +0.0590% | 4h | 1.4315 | long leg | — | $2.4M | — | |
| Binance MUSDT | +0.0611% | 4h | 1.4314 | −0.007% | $5.6M | $3.8M | 10x | as long as short |
| MEXC M_USDTshort | +0.0612% | 4h | 1.4314 | −0.007% | $238K | $107K | 50x |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0633% | 4h | 1.4324 | +0.063% | $360K | $445K | 10x | as long as short |
| KuCoin MUSDTM | +0.1850% | 4h | 1.4177 | −0.965% | $1.4M | $4.0M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM