Funding you earn now, next payment 12:00 UTC−0.3225%/8h= −353.1% APRnext payment −$16.12 per $10,000 · paid last 24h −0.915%
Price spread now: MEXC against Bybit+0.233%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1591.590% of the position
Funding, last 7 days−0.972%−$97 on $10k
+Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.233%, 7d avg +0.107%
=The price spread pays, funding is against you. MEXC is 0.126% dearer against Bybit than usual: you sell high and buy low (spread +0.233% now, against its 7-day average of +0.107%): +$13 on $10k if it goes back. Holding the pair costs −$97 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.972% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.972% in total (about -50.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.12 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 BIRBUSDT | 0.06859 | 0.3325 | pay 0.1662% / 4h | 3h 12m | $653K | $462K | 25x |
| Short | MEXC BIRB_USDT | 0.06875 | 0.0100 | get 0.0050% / 4h | 3h 12m | $138K | $101K | 50x |
Bybit BIRBUSDT
MEXC BIRB_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
- −$677.24
- Price spread: +0.233% → +0.107%
- $12.6
- Slippage, 4 orders
- −$144.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$823.66
- Costs to cover
- 1.590%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 13 min ago; MEXC: live order book, 58 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, 13 min ago | 5.14 bp | 64.8 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 58 min ago | 2.94 bp | 14.0 bp −$14 | 73.5 bp −$735 | 242.9 bp −$24.3K | 527.9 bp −$264.0K |
BIRB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BIRBUSDT | +0.0100% | 4h | 0.06856 | −0.047% | $15K | $14K | 5x | as long as short |
| Binance BIRBUSDT | +0.0100% | 4h | 0.06880 | +0.301% | $1.3M | $1.8M | 50x | as long as short |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06867 | +0.117% | $49K | $72K | 20x | as long as short |
| MEXC BIRB_USDTshort | +0.0100% | 4h | 0.06875 | +0.233% | $138K | $101K | 50x | |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06863 | +0.058% | $426K | $127K | 20x | as long as short |
| KuCoin BIRBUSDTM | +0.0394% | 4h | 0.06868 | +0.131% | $83K | $35K | 20x | as long as short |
| Bybit BIRBUSDTlong | +0.3325% | 4h | 0.06859 | long leg | $653K | $462K | 25x | |
| BingX BIRB-USDT | +0.3336% | 4h | 0.06872 | +0.190% | — | $751K | — | as long as short |
| BloFin BIRB-USDT | +0.3457% | 4h | 0.06851 | −0.117% | $83K | $5K | 25x | as long as short |
Aster BIRBUSDT
Binance BIRBUSDT
Gate BIRB_USDT
Bitget BIRBUSDT
KuCoin BIRBUSDTM
BingX BIRB-USDT
BloFin BIRB-USDT