Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against MEXC−0.134%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1371.368% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.134%, 7d avg −0.021%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.113% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC M_USDT | 1.4239 | 0.1728 | pay 0.0864% / 4h | 2h 46m | $239K | $106K | 50x |
| Short | Binance MUSDT | 1.4220 | 0.1720 | get 0.0860% / 4h | 2h 46m | $5.5M | $3.7M | 10x |
MEXC M_USDT
Binance MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- −$1.65
- Price spread: −0.134% → −0.021%
- −$11.31
- Slippage, 4 orders
- −$122.83
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$149.79
- Costs to cover
- 1.368%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Binance: live order book, 7 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, 3 min ago | 4.51 bp | 31.4 bp −$31 | 48.0 bp −$480 | 124.9 bp −$12.5K | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.42 bp | 33.5 bp −$34 | 299.5 bp −$2,995 | doesn't fit | 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 | 1.4228 | −0.077% | $4.5M | $1.9M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4225 | −0.098% | $1.9M | $866K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4460 | +1.554% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4296 | +0.400% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4308 | +0.485% | $2K | $674K | 20x | as long as short |
| Bitget MUSDT | +0.0184% | 4h | 1.4235 | −0.028% | $1.8M | $243K | 10x | as long as short |
| Aster MUSDT | +0.1340% | 4h | 1.4247 | +0.054% | $14K | $92K | 5x | as long as short |
| BingX M-USDT | +0.1664% | 4h | 1.4225 | −0.098% | — | $2.4M | — | as long as short |
| Binance MUSDTshort | +0.1720% | 4h | 1.4220 | −0.134% | $5.5M | $3.7M | 10x | |
| MEXC M_USDTlong | +0.1728% | 4h | 1.4239 | long leg | $239K | $106K | 50x |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
Aster MUSDT
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.1756% | 4h | 1.4412 | +1.215% | $359K | $427K | 10x | as long as short |
| KuCoin MUSDTM | +0.3592% | 4h | 1.4109 | −0.909% | $1.4M | $4.0M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM