Funding you earn now, next payment 04:00 UTC+0.0354%/8h= +38.8% APRnext payment +$1.77 per $10,000 · paid last 24h +0.046%
Price spread now: MEXC against Bybit0.000%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1511.515% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now 0.000%, 7d avg +0.132%
=Funding pays, the price is against you. MEXC is 0.132% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.132%). If the spread goes back, that is −$13 on $10k: about 30 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.105% in total) that is about 8.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.77 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 BILLUSDT | 0.01380 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $1.3M | $960K | 20x |
| Short | MEXC BILL_USDT | 0.01380 | 0.0454 | get 0.0227% / 4h | 1h 14m | $1.1M | $338K | 50x |
Bybit BILLUSDT
MEXC BILL_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
- $74.34
- Price spread: 0.000% → +0.132%
- −$13.22
- Slippage, 4 orders
- −$140.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$90.38
- Costs to cover
- 1.515%
- Break-even
- 15.5 days
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 1 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, 1 min ago | 3.63 bp | 68.6 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.62 bp | 7.9 bp −$8 | 76.7 bp −$767 | 334.3 bp −$33.4K | doesn't fit |
BILL on 16 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 BILLUSDTlong | +0.0100% | 4h | 0.01380 | long leg | $1.3M | $960K | 20x | |
| Gate BILL_USDT | +0.0100% | 4h | 0.01381 | +0.072% | $278K | $84K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01381 | +0.072% | $640K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01379 | −0.072% | $21K | $939 | 5x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01383 | +0.217% | $2K | $1.1M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01376 | −0.290% | $11K | $39K | 20x | as long as short |
| BloFin BILL-USDT | +0.0131% | 4h | 0.01383 | +0.217% | $146K | $19K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0188% | 4h | 0.01381 | +0.072% | $1.1M | $2.7M | 20x | as long as short |
| Aster BILLUSDT | +0.0245% | 4h | 0.01380 | +0.033% | $2K | $4K | 5x | as long as short |
| BingX BILL-USDT | +0.0443% | 4h | 0.01381 | +0.072% | — | $1.7M | — | as long as short |
Gate BILL_USDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
SunX BILL-USDT
HTX BILL-USDT
BloFin BILL-USDT
OKX BILL-USDT-SWAP
Aster BILLUSDT
BingX BILL-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BILLUSDT | +0.0446% | 4h | 0.01380 | 0.000% | $2.5M | $3.8M | 20x | as long as short |
| Extended BILL-USD | +0.0448% | 1h | 0.01380 | −0.026% | $1K | $222K | 5x | as long as short |
| MEXC BILL_USDTshort | +0.0454% | 4h | 0.01380 | 0.000% | $1.1M | $338K | 50x | |
| Coinbase International BILL-PERP-INTX | +0.0688% | 1h | 0.01380 | +0.036% | $46K | $51K | 50x | as long as short |
| KuCoin BILLUSDTM | +0.1852% | 4h | 0.01381 | +0.109% | $459K | $309K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.3316% | 1h | 0.01379 | −0.087% | $108K | $14K | 10x | as long as short |
Binance BILLUSDT
Extended BILL-USD
Coinbase International BILL-PERP-INTX
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL