Funding you earn now, next payment 04:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.21 per $10,000 · paid last 24h +0.003%
Price spread now: MEXC against BloFin−0.174%49s7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as 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−$1161.162% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.174%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.188% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.014%). 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 M-USDT | 1.4403 | 0.1737 | pay 0.0869% / 4h | 3h 26m | $355K | $433K | 10x |
| Short | MEXC M_USDT | 1.4378 | 0.1696 | get 0.0848% / 4h | 3h 26m | $241K | $112K | 50x |
BloFin M-USDT
MEXC M_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.69
- Price spread: −0.174% → +0.014%
- −$18.79
- Slippage, 4 orders
- −$100.17
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$143.65
- Costs to cover
- 1.162%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 44 min ago; MEXC: live order book, 28 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, 44 min ago | 1.38 bp | 40.1 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 28 min ago | 1.03 bp | 15.3 bp −$15 | 48.1 bp −$481 | 115.5 bp −$11.6K | 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 | 1.4370 | −0.229% | $4.5M | $2.4M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4352 | −0.354% | $1.9M | $877K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4375 | −0.194% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4384 | −0.132% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4408 | +0.035% | $2K | $660K | 20x | as long as short |
| Bitget MUSDT | +0.0362% | 4h | 1.4381 | −0.153% | $1.9M | $320K | 10x | as long as short |
| Aster MUSDT | +0.1271% | 4h | 1.4351 | −0.360% | $15K | $116K | 5x | as long as short |
| BingX M-USDT | +0.1628% | 4h | 1.4365 | −0.264% | — | $2.4M | — | as long as short |
| MEXC M_USDTshort | +0.1696% | 4h | 1.4378 | −0.174% | $241K | $112K | 50x | |
| Binance MUSDT | +0.1697% | 4h | 1.4377 | −0.180% | $5.5M | $4.8M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
Aster MUSDT
BingX M-USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDTlong | +0.1737% | 4h | 1.4403 | long leg | $355K | $433K | 10x | |
| KuCoin MUSDTM | +0.3198% | 4h | 1.4262 | −0.977% | $1.4M | $4.2M | 10x | as long as short |
KuCoin MUSDTM