Funding you earn now, next payment 00:00 UTC−0.0645%/8h= −70.6% APRnext payment −$3.22 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against MEXC−0.134%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$870.872% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.134%, 7d avg −0.062%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.072% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.062%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.22 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 ALT_USDT | 0.007490 | 0.0100 | pay 0.0050% / 4h | 2h 47m | $399K | $195K | 50x |
| Short | Bybit ALTUSDT | 0.007480 | −0.0545 | pay 0.0272% / 4h | 2h 47m | $1.2M | $1.6M | 25x |
MEXC ALT_USDT
Bybit ALTUSDTFunding 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
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
- −$135.41
- Price spread: −0.134% → −0.062%
- −$7.16
- Slippage, 4 orders
- −$72.18
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$229.75
- Costs to cover
- 0.872%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 35 min ago; Bybit: live order book, 4 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, 35 min ago | 2.00 bp | 10.3 bp −$10 | 58.2 bp −$582 | 261.8 bp −$26.2K | 428.7 bp −$214.3K |
| Sell Bybit live order book, 4 min ago | 3.34 bp | 33.1 bp −$33 | 206.5 bp −$2,065 | doesn't fit | doesn't fit |
ALT on 14 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 ALTUSDTshort | −0.0545% | 4h | 0.007480 | −0.134% | $1.2M | $1.6M | 25x | |
| Variational Omni ALT | −0.0452% | 4h | 0.007475 | −0.206% | $4K | $12K | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | 0.0000% | 1h | 0.007493 | +0.040% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.455% | $815 | $4K | 5.5x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007486 | −0.053% | $1.1M | $186K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007489 | −0.013% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007485 | −0.067% | $51K | $414K | 25x | as long as short |
| MEXC ALT_USDTlong | +0.0100% | 4h | 0.007490 | long leg | $399K | $195K | 50x | |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007485 | −0.067% | $150K | $21K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007481 | −0.120% | $615K | $102K | 50x | as long as short |
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007484 | −0.080% | — | $1.3M | — | as long as short |
| BloFin ALT-USDT | +0.0138% | 4h | 0.007488 | −0.027% | $172K | $9K | 50x | as long as short |
| Kraken Futures PF_ALTUSD | +0.0200% | 1h | 0.007502 | +0.159% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0384% | 1h | 0.007512 | +0.294% | $14K | $2K | 50x | as long as short |
BingX ALT-USDT
BloFin ALT-USDT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX