M

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0520%/8h= +56.9% APRnext payment +$2.60 per $10,000 · paid last 24h −0.008%

Price spread now: BingX against MEXC+0.007%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1091.085% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.007%, 7d avg −0.015%

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

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BingX is 0.022% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC M_USDT	1.3547	0.0690	pay 0.0345% / 4h	21m 01s	$233K	$109K	50x
Short	BingX M-USDT	1.3548	0.1210	get 0.0605% / 4h	21m 01s	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $109.2
Price spread: +0.007% → −0.015%: $2.2
Slippage, 4 orders: −$94.52
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: $2.88
Costs to cover: 1.085%
Break-even: 6.8 days

Slippage from MEXC: live order book, 63 min ago; BingX: live order book, 3 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, 63 min ago	1.10 bp	34.5 bp −$34	50.7 bp −$507	112.2 bp −$11.2K	456.2 bp −$228.1K
Sell BingX live order book, 3 min ago	10.34 bp	27.0 bp −$27	135.3 bp −$1,353	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
Gate M_USDT	+0.0100%	8h	1.3527	−0.148%	$1.8M	$910K	10x	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.3545	−0.015%	$2K	$510	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.3558	+0.081%	$2K	$878K	20x	as long as short
Bybit MUSDT	+0.0136%	4h	1.3525	−0.162%	$4.2M	$1.7M	20x	as long as short
Aster MUSDT	+0.0387%	4h	1.3530	−0.129%	$12K	$83K	5x	as long as short
BloFin M-USDT	+0.0644%	4h	1.3531	−0.118%	$346K	$444K	10x	as long as short
MEXC M_USDTlong	+0.0690%	4h	1.3547	long leg	$233K	$109K	50x
Binance MUSDT	+0.0691%	4h	1.3518	−0.214%	$5.4M	$3.9M	10x	as long as short
Variational Omni M	+0.1045%	4h	1.3563	+0.122%	$91K	$49K	—	as long as short
BingX M-USDTshort	+0.1210%	4h	1.3548	+0.007%	—	$2.4M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MUSDT	+0.1272%	4h	1.3546	−0.007%	$1.8M	$254K	10x	as long as short
KuCoin MUSDTM	+0.2320%	4h	1.3394	−1.132%	$1.3M	$3.7M	10x	as long as short