Funding you earn now, next payment 04:00 UTC−0.1020%/8h= −111.6% APRnext payment −$5.10 per $10,000 · paid last 24h +0.007%
Price spread now: MEXC against Bybit−0.149%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$269as in the Funding arb table
Net, price: spread back to 7d avg − costs−$316as in the Price arb table
costs, in and out, $10k−$3023.019% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.149%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and MEXC is 0.140% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.327%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.327% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.10 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 | Bybit ARXUSDT | 0.2010 | 0.1488 | pay 0.0744% / 4h | 3h 39m | $4.0M | $2.3M | 20x |
| Short | MEXC ARX_USDT | 0.2007 | 0.0468 | get 0.0234% / 4h | 3h 39m | $860K | $416K | 20x |
Bybit ARXUSDT
MEXC ARX_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
- −$214.11
- Price spread: −0.149% → −0.009%
- −$14.01
- Slippage, 4 orders
- −$282.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$529.98
- Costs to cover
- 3.019%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 26 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, 3 min ago | 7.48 bp | 122.8 bp −$123 | 3284.1 bp −$32.8K | 88778.8 bp −$8.88M | doesn't fit |
| Sell MEXC live order book, 26 min ago | 2.48 bp | 19.9 bp −$20 | 97.0 bp −$970 | 276.8 bp −$27.7K | 648.3 bp −$324.1K |
ARX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ARX_USDT | +0.0100% | 4h | 0.2015 | +0.249% | $1.0M | $412K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2002 | −0.418% | $708K | $739K | 20x | as long as short |
| Bitget ARXUSDT | +0.0298% | 4h | 0.2005 | −0.239% | $1.9M | $1.7M | 20x | as long as short |
| BloFin ARX-USDT | +0.0384% | 4h | 0.2009 | −0.050% | $236K | $49K | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0422% | 4h | 0.2005 | −0.249% | $723K | $3.0M | 20x | as long as short |
| MEXC ARX_USDTshort | +0.0468% | 4h | 0.2007 | −0.149% | $860K | $416K | 20x | |
| Binance ARXUSDT | +0.0468% | 4h | 0.2007 | −0.149% | $5.4M | $11.2M | 20x | as long as short |
| Aster ARXUSDT | +0.0643% | 4h | 0.2005 | −0.249% | $80K | $99K | 10x | as long as short |
| BingX ARX-USDT | +0.0666% | 4h | 0.2007 | −0.149% | — | $1.7M | — | as long as short |
| Bybit ARXUSDTlong | +0.1488% | 4h | 0.2010 | long leg | $4.0M | $2.3M | 20x |
Gate ARX_USDT
KuCoin ARXUSDTM
Bitget ARXUSDT
BloFin ARX-USDT
OKX ARX-USDT-SWAP
Binance ARXUSDT
Aster ARXUSDT
BingX ARX-USDT