BingX vs MEXC Funding Arbitrage
184 shared markets · net of estimated fees · updated every few minutesBingX and MEXC both quote 184 of the same perpetual markets, so a delta-neutral position can be split across the two and collect the difference in their funding. The widest spread on a market with real depth is DOOD — long BingX / short MEXC at 276.2% net APR — but the median across all shared markets is 10.0%, which is the number worth planning around.
The long leg is whichever venue prices funding lower for that market. It is a property of the MARKET, not of the exchange, and it flips as rates move: here 44 markets go long on BingX and 140 on MEXC. 131 markets clear 5% net APR, 92 clear 10%.
How this pair behaves
BingX pays funding every 4h on 251 markets and every 8h on 79 markets; MEXC pays every 4h on 273 markets and every 8h on 126 markets. Both sides settle on the same clock, so a position opened here collects or pays on both legs at once — the spread you see is the spread you get. BingX quotes 332 perpetual markets in total and MEXC quotes 400; the 184 they share are what this page ranks. Across its own book BingX runs a median funding rate of 10.9% and MEXC 7.4%, so the edge here comes from individual markets rather than from a standing gap between the venues.
Spreads by market
top 25 of 184 by net APR| Market | Long | Short | Net APR | Gross | 7d avg | Thin leg vol |
|---|---|---|---|---|---|---|
| MEW | BingX | MEXC | 287.0% | 289.3% | -1.3% | $826K |
| DOOD | BingX | MEXC | 276.2% | 278.8% | +21.5% | $2.6M |
| BMT | BingX | MEXC | 245.5% | 248.6% | +32.1% | $412K |
| IOST | BingX | MEXC | 110.9% | 113.5% | -5.8% | $2.1M |
| MOODENG | MEXC | BingX | 95.9% | 98.6% | +7.4% | $293K |
| BLUR | MEXC | BingX | 93.2% | 97.7% | +76.2% | $175K |
| JCT | BingX | MEXC | 77.0% | 81.2% | +18.4% | $16.3M |
| AVA | MEXC | BingX | 76.9% | 82.1% | +27.2% | $464K |
| DNA | BingX | MEXC | 72.7% | 76.9% | +16.8% | $1.6M |
| ANIME | BingX | MEXC | 68.7% | 71.8% | -0.8% | $115K |
| MYX | MEXC | BingX | 62.2% | 65.3% | +6.5% | $207K |
| PIPPIN | MEXC | BingX | 61.3% | 64.6% | +24.3% | $173K |
| KAT | MEXC | BingX | 54.1% | 56.5% | +6.4% | $125K |
| XDP | MEXC | BingX | 52.1% | 55.2% | +16.8% | $246K |
| LA | MEXC | BingX | 46.1% | 48.4% | +1.3% | $108K |
| MAGIC | MEXC | BingX | 41.1% | 43.1% | -3.9% | $861K |
| ICNT | MEXC | BingX | 39.1% | 42.0% | +23.7% | $4.4M |
| CC | MEXC | BingX | 39.0% | 41.4% | +10.4% | $537K |
| TRUTH | MEXC | BingX | 39.0% | 42.0% | -5.4% | $148K |
| G | MEXC | BingX | 38.7% | 41.2% | +10.8% | $158K |
| UB | MEXC | BingX | 37.8% | 40.6% | +3.5% | $310K |
| FORM | MEXC | BingX | 37.5% | 40.3% | +2.6% | $177K |
| B | MEXC | BingX | 37.3% | 41.8% | +5.7% | $364K |
| ZIL | MEXC | BingX | 37.1% | 40.1% | +14.1% | $370K |
| ARK | MEXC | BingX | 33.3% | 36.6% | +9.4% | $137K |
Net APR subtracts entry and exit fees, both legs' bid/ask spread and estimated slippage from the gross funding spread. The 7-day average is historical gross funding for the same pair: a current rate close to it suggests the spread has persisted, one far above it is usually a spike that will decay.
BingX vs MEXC — FAQ
How many markets can you arbitrage between BingX and MEXC?
184 perpetual markets are quoted on both BingX and MEXC right now. 131 of them show a net spread of at least 5% APR after estimated fees, and 70 have at least $1M of 24h volume on the smaller leg.
What is the best BingX / MEXC funding spread right now?
DOOD: long BingX and short MEXC for about 276.2% net APR after estimated fees, counting only markets with at least $1M of 24h volume on the smaller leg. The median across all 184 shared markets is 10.0%, so the top of the list is not typical.
Which side pays on the BingX / MEXC pair?
It varies by market: BingX is the long (funding-receiving) leg in 44 of the shared markets and MEXC in the other 140. The direction is set per market by which venue currently prices funding lower.
Trading the BingX / MEXC spread
The trade is one position split across two venues: long the exchange paying the more negative funding, short the one paying the more positive, in the same size. What limits it is not the headline APR but the smaller leg's liquidity, the fees on both sides, and how long the spread survives — funding decays and flips, often within hours. Venue detail: BingX funding rates · MEXC funding rates; the full calculation is in the methodology.