M

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0804%/8h= −88.0% APRnext payment −$4.02 per $10,000 · paid last 24h −0.178%

Price spread now: SunX against MEXC+0.168%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$268as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$2272.267% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.418%−$42 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.168%, 7d avg +0.104%

Together, before fees−0.341%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.064% dearer against MEXC than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.104%): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.418% in total) that is about 26 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.418% in total (about -21.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.02 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	1.3705	0.0904	pay 0.0452% / 4h	1h 30m	$234K	$108K	50x
Short	SunX M-USDT	1.3728	0.0100	get 0.0050% / 4h	1h 30m	$2K	$843K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.168%Rate

Funding earned: −$168.84
Price spread: +0.168% → +0.104%: $6.39
Slippage, 4 orders: −$214.68
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$389.13
Costs to cover: 2.267%
Break-even: never at this rate

Slippage from MEXC: live order book, 59 min ago; SunX: live order book, 32 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, 59 min ago	1.84 bp	25.1 bp −$25	54.8 bp −$548	153.1 bp −$15.3K	doesn't fit
Sell SunX live order book, 32 min ago	29.60 bp	101.5 bp −$102	doesn't fit	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	1.3694	−0.080%	$1.9M	$913K	10x	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.3713	+0.058%	$2K	$510	10x	as long as short
SunX M-USDTshort	+0.0100%	4h	1.3728	+0.168%	$2K	$843K	20x
Bybit MUSDT	+0.0224%	4h	1.3698	−0.051%	$4.3M	$1.8M	20x	as long as short
Aster MUSDT	+0.0571%	4h	1.3683	−0.163%	$13K	$82K	5x	as long as short
BloFin M-USDT	+0.0851%	4h	1.3720	+0.109%	$347K	$455K	10x	as long as short
Variational Omni M	+0.0862%	4h	1.3729	+0.176%	$92K	$50K	—	as long as short
Binance MUSDT	+0.0897%	4h	1.3700	−0.036%	$5.4M	$3.9M	10x	as long as short
MEXC M_USDTlong	+0.0904%	4h	1.3705	long leg	$234K	$108K	50x
BingX M-USDT	+0.0928%	4h	1.3707	+0.015%	—	$2.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MUSDT	+0.1008%	4h	1.3687	−0.131%	$1.8M	$252K	10x	as long as short
KuCoin MUSDTM	+0.2456%	4h	1.3576	−0.944%	$1.4M	$3.8M	10x	as long as short