Funding you earn now, next payment 16:00 UTC−0.0741%/8h= −81.1% APRnext payment −$7.41 per $10,000 · paid last 24h −0.079%
Price spread now: MEXC against Bybit+1.814%7-day average +1.599% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,071as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,041as in the Price arb table
costs, in and out, $10k−$1,06310.627% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)−0.896%−$90 · spread now +1.814%, 7d avg +1.599%
=The price spread pays, funding is against you. MEXC is 0.214% dearer against Bybit than usual: you sell high and buy low (spread +1.814% now, against its 7-day average of +1.599%): +$21 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.081% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.41 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 APPSTOCKUSDT | 330.30 | 0 | get 0.0000% / 8h | 6h 21m | $285K | $412K | 25x |
| Short | MEXC APPSTOCK_USDT | 336.29 | −0.0741 | pay 0.0741% / 8h | 6h 21m | $628K | $146K | 20x |
Bybit APPSTOCKUSDT
MEXC APPSTOCK_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
- −$155.61
- Price spread: +1.814% → +1.599%
- $21.44
- Slippage, 4 orders
- −$1,051.67
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$1,196.84
- Costs to cover
- 10.627%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 25 min ago; MEXC: live order book, 25 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, 25 min ago | 13.61 bp | 142.4 bp −$142 | 282.4 bp −$2,824 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 25 min ago | 14.71 bp | 493.5 bp −$493 | 911.8 bp −$9,118 | 958.8 bp −$95.9K | doesn't fit |
APPSTOCK on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC APPSTOCK_USDTshort | −0.0741% | 8h | 336.29 | +1.814% | $628K | $146K | 20x | |
| Bybit APPSTOCKUSDTlong | 0.0000% | 8h | 330.30 | long leg | $285K | $412K | 25x |