Funding you earn now, next payment 04:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.008%
Price spread now: MEXC against BloFin+0.051%79s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$890.894% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.051%, 7d avg +0.011%
=The price spread pays, funding is against you. MEXC is 0.041% dearer against BloFin than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.011%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 7 days (−0.005% in total) that is about 59 days. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TWT-USDT | 0.5842 | 0.0123 | pay 0.0062% / 4h | 39m 42s | $255K | $12K | 75x |
| Short | MEXC TWT_USDT | 0.5845 | 0.0100 | get 0.0050% / 4h | 39m 42s | $6.8M | $155K | 125x |
BloFin TWT-USDT
MEXC TWT_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.86
- Price spread: +0.051% → +0.011%
- $4.05
- Slippage, 4 orders
- −$69.42
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$90.23
- Costs to cover
- 0.894%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 59 min ago; MEXC: 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 BloFin live order book, 59 min ago | 1.71 bp | 20.5 bp −$21 | 59.0 bp −$590 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 7.70 bp | 21.9 bp −$22 | 61.0 bp −$610 | 111.9 bp −$11.2K | doesn't fit |
TWT on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance TWTUSDT | +0.0100% | 4h | 0.5845 | +0.054% | $3.9M | $2.1M | 75x | as long as short |
| Bybit TWTUSDT | +0.0100% | 4h | 0.5853 | +0.188% | $5.2M | $860K | 25x | as long as short |
| Gate TWT_USDT | +0.0100% | 8h | 0.5850 | +0.137% | $264K | $105K | 50x | as long as short |
| MEXC TWT_USDTshort | +0.0100% | 4h | 0.5845 | +0.051% | $6.8M | $155K | 125x | |
| KuCoin TWTUSDTM | +0.0100% | 4h | 0.5848 | +0.106% | $816K | $890K | 30x | as long as short |
| BingX TWT-USDT | +0.0100% | 4h | 0.5848 | +0.103% | — | $2.5M | — | as long as short |
| Variational Omni TWT | +0.0100% | 4h | 0.5847 | +0.093% | $224K | $1K | — | as long as short |
| BloFin TWT-USDTlong | +0.0123% | 4h | 0.5842 | long leg | $255K | $12K | 75x |
Binance TWTUSDT
Bybit TWTUSDT
Gate TWT_USDT
KuCoin TWTUSDTM
BingX TWT-USDT
Variational Omni TWT