S

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.070%

Price spread now: MEXC against BloFin−0.022%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.312%−$31 on $10k

Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.022%, 7d avg +0.061%

Together, before fees−0.025%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.083% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin S-USDT	0.04540	0.0340	pay 0.0170% / 4h	1h 06m	$366K	$240K	75x
Short	MEXC S_USDT	0.04539	0.0100	get 0.0050% / 4h	1h 06m	$4.1M	$3.7M	200x

Funding 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 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 BloFinbpFee MEXCbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$50.4
Price spread: −0.022% → +0.061%: −$8.31
Slippage, 4 orders: −$32.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$107.7
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from BloFin: live order book, 33 min ago; MEXC: live order book, 4 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, 33 min ago	2.18 bp	26.5 bp −$26	63.8 bp −$638	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.10 bp	4.6 bp −$5	63.3 bp −$633	266.4 bp −$26.6K	doesn't fit

S on 25 exchanges

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
01 Exchange SUSD	−1.0792%	1h	0.04410	−2.863%	$27K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.4630%	1h	0.04533	−0.147%	$38K	$28K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1904%	1h	0.04510	−0.661%	$55K	$23K	25x	as long as short
Variational Omni S	−0.1230%	4h	0.04513	−0.598%	$722K	$49K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0336% / S +0.0211%	1h	0.04551	+0.240%	$2K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0116%	4h	0.04541	+0.022%	$112K	$637K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04518	−0.483%	$5	—	15x	as long as short
OKX S-USDT-SWAP	−0.0037%	4h	0.04534	−0.132%	$1.4M	$7.6M	20x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04532	−0.170%	$697	—	150x	as long as short
Bybit SUSDT	+0.0019%	4h	0.04532	−0.176%	$6.5M	$6.7M	50x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.04544	+0.088%	$159K	$158K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04545	+0.115%	$1.1M	$1.0M	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04539	−0.014%	$48K	$170K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04540	0.000%	$7.0M	$25.9M	75x	as long as short
Gate S_USDT	+0.0100%	4h	0.04545	+0.110%	$385K	$386K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.04539	−0.022%	$4.1M	$3.7M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04547	+0.154%	$2.2M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04547	+0.154%	$1.4M	$3.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04538	−0.044%	—	$7.1M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04540	0.000%	$24K	$532K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04536	−0.093%	$258K	$1.3M	10x	as long as short
Injective S/USDC PERP	+0.0140%	1h	0.04600	+1.322%	$2K	$2	12x	as long as short
Backpack S_USDC_PERP	+0.0176%	1h	0.04560	+0.441%	$103K	$458K	5x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.04540	long leg	$366K	$240K	75x
Deribit S_USDC-PERPETUAL	+0.0630%	1h	0.04547	+0.154%	$76K	$623	10x	as long as short