Funding you earn now, next payment 08:00 UTC−0.0510%/8h= −55.8% APRnext payment −$2.55 per $10,000 · paid last 24h −0.177%
Price spread now: Bitget against MEXC+0.051%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1711.712% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.051%, 7d avg −0.042%
=The price spread pays, funding is against you. Bitget is 0.094% dearer against MEXC than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.042%): +$9 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.430% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC M_USDT | 1.3607 | 0.0882 | pay 0.0441% / 4h | 2h 14m | $229K | $109K | 50x |
| Short | Bitget MUSDT | 1.3614 | 0.0372 | get 0.0186% / 4h | 2h 14m | $1.8M | $247K | 10x |
MEXC M_USDT
Bitget MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$107.1
- Price spread: +0.051% → −0.042%
- $9.39
- Slippage, 4 orders
- −$155.17
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$268.88
- Costs to cover
- 1.712%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 15 min ago; Bitget: 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, 15 min ago | 1.84 bp | 25.1 bp −$25 | 54.8 bp −$548 | 153.1 bp −$15.3K | doesn't fit |
| Sell Bitget live order book, 3 min ago | 12.13 bp | 55.6 bp −$56 | 394.6 bp −$3,946 | 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 | 1.3600 | −0.051% | $1.8M | $917K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3590 | −0.125% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3649 | +0.309% | $2K | $832K | 20x | as long as short |
| Bitget MUSDTshort | +0.0372% | 4h | 1.3614 | +0.051% | $1.8M | $247K | 10x | |
| Bybit MUSDT | +0.0511% | 4h | 1.3625 | +0.132% | $4.2M | $1.8M | 20x | as long as short |
| Aster MUSDT | +0.0584% | 4h | 1.3614 | +0.049% | $14K | $83K | 5x | as long as short |
| Variational Omni M | +0.0768% | 4h | 1.3604 | −0.020% | $90K | $49K | — | as long as short |
| BingX M-USDT | +0.0830% | 4h | 1.3619 | +0.088% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.0879% | 4h | 1.3588 | −0.140% | $347K | $441K | 10x | as long as short |
| MEXC M_USDTlong | +0.0882% | 4h | 1.3607 | long leg | $229K | $109K | 50x |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Bybit MUSDT
Aster MUSDT
Variational Omni M
BingX M-USDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.0884% | 4h | 1.3622 | +0.107% | $5.4M | $3.9M | 10x | as long as short |
| KuCoin MUSDTM | +0.2328% | 4h | 1.3488 | −0.872% | $1.4M | $3.8M | 10x | as long as short |
Binance MUSDT
KuCoin MUSDTM