Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bybit−0.081%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$980.979% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.081%, 7d avg −0.088%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AUCTIONUSDT | 3.6830 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $587K | $267K | 25x |
| Short | MEXC AUCTION_USDT | 3.6800 | 0.0100 | get 0.0050% / 4h | 2h 19m | $441K | $147K | 20x |
Bybit AUCTIONUSDT
MEXC AUCTION_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
- $0
- Price spread: −0.081% → −0.088%
- $0.62
- Slippage, 4 orders
- −$82.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$97.27
- Costs to cover
- 0.979%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 21 min ago; MEXC: live order book, 16 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, 21 min ago | 4.08 bp | 32.8 bp −$33 | 69.9 bp −$699 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 16 min ago | 2.71 bp | 14.6 bp −$15 | 57.1 bp −$571 | 92.7 bp −$9,268 | 232.1 bp −$116.1K |
AUCTION on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSD | +0.0004% | 1h | 3.6839 | +0.025% | $8K | $259 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6806 | −0.066% | $919 | $3K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.6824 | −0.017% | $2.4M | $1.7M | 50x | as long as short |
| Bybit AUCTIONUSDTlong | +0.0100% | 4h | 3.6830 | long leg | $587K | $267K | 25x | |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6850 | +0.054% | $782K | $673K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6790 | −0.109% | $102K | $67K | 50x | as long as short |
| MEXC AUCTION_USDTshort | +0.0100% | 4h | 3.6800 | −0.081% | $441K | $147K | 20x | |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6820 | −0.027% | $345K | $123K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6830 | 0.000% | $370K | $146K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.6840 | +0.027% | — | $13.8M | — | as long as short |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Binance AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.6779 | −0.140% | $170 | $38 | — | as long as short |
Variational Omni AUCTION