Funding you earn now, next payment 16:00 UTC+0.0271%/8h= +29.7% APRnext payment +$2.71 per $10,000 · paid last 24h +0.025%
Price spread now: MEXC against Bybit+0.083%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days+0.035%+$3 on $10k
+Price spread, last 7 days+0.005%+$1 · spread now +0.083%, 7d avg +0.062%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.021% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.71 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALGOUSDT | 0.1080 | −0.0171 | get 0.0171% / 8h | 4h 51m | $10.4M | $13.4M | 75x |
| Short | MEXC ALGO_USDT | 0.1081 | 0.0100 | get 0.0100% / 8h | 4h 51m | $23.2M | $3.2M | 200x |
Bybit ALGOUSDT
MEXC ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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
- $56.9
- Price spread: +0.083% → +0.062%
- $2.15
- Slippage, 4 orders
- −$26.83
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $21.22
- Costs to cover
- 0.378%
- Break-even
- 4.4 days
Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 5 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 Bybit live order book, 5 min ago | 2.31 bp | 16.7 bp −$17 | 38.9 bp −$389 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.46 bp | 2.0 bp −$2 | 20.0 bp −$200 | 420.4 bp −$42.0K | doesn't fit |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0512% | 1h | 0.1083 | +0.254% | $784K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDTlong | −0.0171% | 8h | 0.1080 | long leg | $10.4M | $13.4M | 75x | |
| Deribit ALGO_USDC-PERPETUAL | −0.0119% | 1h | 0.1082 | +0.213% | $85K | $41K | 25x | as long as short |
| Variational Omni ALGO | −0.0010% | 8h | 0.1082 | +0.159% | $58K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1083 | +0.243% | $16K | — | 150x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0007% | 8h | 0.1081 | +0.083% | $2.6M | $7.8M | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +3.694% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1085 | +0.454% | $63K | $175K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1082 | +0.222% | $3.3M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1082 | +0.199% | $43K | $38K | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
OKX ALGO-USDT-SWAP
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1081 | +0.081% | $9.2M | $33.7M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1082 | +0.139% | $822K | $872K | 50x | as long as short |
| MEXC ALGO_USDTshort | +0.0100% | 8h | 0.1081 | +0.083% | $23.2M | $3.2M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1082 | +0.194% | $3.3M | $1.3M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1081 | +0.083% | $5.3M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1081 | +0.083% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1082 | +0.204% | $56K | $121K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1084 | +0.361% | $3.6M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1081 | +0.052% | $11K | $287K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1083 | +0.278% | $467K | $838K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0315% / S −0.0264% | 1h | 0.1083 | +0.258% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.2316% | 1h | 0.1082 | +0.209% | $157K | $4K | 5x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD