ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0726%/8h= −79.5% APRnext payment −$3.63 per $10,000 · paid last 24h −0.294%

Price spread now: Bybit against MEXC0.000%7-day average −0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$2002.005% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.447%−$45 on $10k

Price spread, last 7 days−0.055%−$6 · spread now 0.000%, 7d avg −0.131%

Together, before fees−0.502%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.131% dearer against MEXC than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.131%): +$13 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.447% in total) that is about 2.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.447% in total (about -23.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.63 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 ALCH_USDT	0.05091	0.0826	pay 0.0413% / 4h	0m 10s	$4.9M	$2.4M	100x
Short	Bybit ALCHUSDT	0.05091	0.0100	get 0.0050% / 4h	0m 10s	$3.0M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$152.46
Price spread: 0.000% → −0.131%: $13.06
Slippage, 4 orders: −$185.46
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$339.85
Costs to cover: 2.005%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: 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, 2 min ago	7.88 bp	36.2 bp −$36	124.6 bp −$1,246	187.5 bp −$18.7K	451.0 bp −$225.5K
Sell Bybit live order book, 3 min ago	3.94 bp	73.2 bp −$73	293.3 bp −$2,933	doesn't fit	doesn't fit

ALCH on 11 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
Bybit ALCHUSDTshort	+0.0100%	4h	0.05091	0.000%	$3.0M	$6.2M	20x
Gate ALCH_USDT	+0.0100%	4h	0.05100	+0.177%	$291K	$690K	20x	as long as short
Bitget ALCHUSDT	+0.0100%	4h	0.05103	+0.236%	$900K	$1.8M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05080	−0.214%	$3K	$17K	—	as long as short
Aster ALCHUSDT	+0.0757%	4h	0.05083	−0.152%	$12K	$109K	5x	as long as short
BingX ALCH-USDT	+0.0780%	4h	0.05095	+0.079%	—	$6.7M	—	as long as short
BloFin ALCH-USDT	+0.0799%	4h	0.05073	−0.354%	$395K	$113K	10x	as long as short
Binance ALCHUSDT	+0.0824%	4h	0.05098	+0.137%	$6.0M	$27.5M	10x	as long as short
MEXC ALCH_USDTlong	+0.0826%	4h	0.05091	long leg	$4.9M	$2.4M	100x
KuCoin ALCHUSDTM	+0.1410%	4h	0.05078	−0.255%	$1.2M	$272K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALCHUSD	+0.3935%	1h	0.05088	−0.061%	$12K	$34K	10x	as long as short