Funding you earn now, next payment 12:00 UTC−0.0708%/8h= −77.5% APRpaid last 24h −0.081%
Price spread now: MEXC against Bybit−0.288%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$275as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2682.678% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.288%, 7d avg −0.146%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and MEXC is 0.142% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.146%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment. 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 ALICEUSDT | 0.1424 | 0.0808 | pay 0.0808% / 8h | 4h 51m | $676K | $230K | 25x |
| Short | MEXC ALICE_USDT | 0.1420 | 0.0100 | get 0.0050% / 4h | 51m 49s | $528K | $119K | 50x |
Bybit ALICEUSDT
MEXC ALICE_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
- −$148.69
- Price spread: −0.288% → −0.146%
- −$14.21
- Slippage, 4 orders
- −$252.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$430.7
- Costs to cover
- 2.678%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 47 min ago; MEXC: live order book, 46 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, 47 min ago | 4.55 bp | 130.2 bp −$130 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 46 min ago | 3.51 bp | 8.1 bp −$8 | 36.5 bp −$365 | 543.4 bp −$54.3K | doesn't fit |
ALICE on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ALICEUSDT | +0.0100% | 4h | 0.1423 | −0.105% | $9K | $19 | 5x | as long as short |
| Binance ALICEUSDT | +0.0100% | 4h | 0.1420 | −0.321% | $2.3M | $2.8M | 50x | as long as short |
| Gate ALICE_USDT | +0.0100% | 8h | 0.1423 | −0.077% | $90K | $98K | 25x | as long as short |
| MEXC ALICE_USDTshort | +0.0100% | 4h | 0.1420 | −0.288% | $528K | $119K | 50x | |
| KuCoin ALICEUSDTM | +0.0100% | 4h | 0.1423 | −0.077% | $408K | $47K | 30x | as long as short |
| Bitget ALICEUSDT | +0.0100% | 4h | 0.1420 | −0.288% | $981K | $134K | 50x | as long as short |
| BingX ALICE-USDT | +0.0100% | 4h | 0.1424 | −0.007% | — | $1.3M | — | as long as short |
| BloFin ALICE-USDT | +0.0144% | 4h | 0.1421 | −0.218% | $156K | $24K | 50x | as long as short |
| Variational Omni ALICE | +0.0192% | 8h | 0.1425 | +0.093% | $468 | $472 | — | as long as short |
| Bybit ALICEUSDTlong | +0.0808% | 8h | 0.1424 | long leg | $676K | $230K | 25x |
Aster ALICEUSDT
Binance ALICEUSDT
Gate ALICE_USDT
KuCoin ALICEUSDTM
Bitget ALICEUSDT
BingX ALICE-USDT
BloFin ALICE-USDT
Variational Omni ALICEShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALICEUSD | +0.1538% | 1h | 0.1423 | −0.095% | $32K | $3K | 10x | as long as short |
Kraken Futures PF_ALICEUSD