Funding you earn now, next payment 04:00 UTC+0.1902%/8h= +208.3% APRnext payment +$9.51 per $10,000 · paid last 24h +0.934%
Price spread now: Bybit against MEXC−0.260%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1791.794% of the position
Funding, last 7 days+0.842%+$84 on $10k
+Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.260%, 7d avg −0.093%
=Funding pays, the price is against you. Bybit is 0.168% cheaper against MEXC than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of −0.093%). If the spread goes back, that is −$17 on $10k: about 7 hours of funding at the current rate (+$57 a day). At the pace of the last 7 days (+0.842% in total) that is about 33 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.842% in total (about 43.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.51 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 | MEXC BIRB_USDT | 0.06912 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $141K | $102K | 50x |
| Short | Bybit BIRBUSDT | 0.06894 | 0.2002 | get 0.1001% / 4h | 2h 26m | $643K | $476K | 25x |
MEXC BIRB_USDT
Bybit BIRBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- $399.47
- Price spread: −0.260% → −0.093%
- −$16.76
- Slippage, 4 orders
- −$164.36
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $203.36
- Costs to cover
- 1.794%
- Break-even
- 3.4 days
Slippage from MEXC: live order book, 13 min ago; Bybit: live order book, 33 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 MEXC live order book, 13 min ago | 7.28 bp | 15.6 bp −$16 | 68.2 bp −$682 | 253.9 bp −$25.4K | 814.9 bp −$407.4K |
| Sell Bybit live order book, 33 min ago | 6.56 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
BIRB on 8 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 | 0.06920 | +0.118% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDT | +0.0100% | 4h | 0.06908 | −0.051% | $1.3M | $1.8M | 50x | as long as short |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06914 | +0.029% | $57K | $60K | 20x | as long as short |
| MEXC BIRB_USDTlong | +0.0100% | 4h | 0.06912 | long leg | $141K | $102K | 50x | |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06923 | +0.159% | $72K | $37K | 20x | as long as short |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06911 | −0.014% | $434K | $189K | 20x | as long as short |
| BingX BIRB-USDT | +0.1670% | 4h | 0.06900 | −0.174% | — | $738K | — | as long as short |
| Bybit BIRBUSDTshort | +0.2002% | 4h | 0.06894 | −0.260% | $643K | $476K | 25x |
Aster BIRBUSDT
Binance BIRBUSDT
Gate BIRB_USDT
KuCoin BIRBUSDTM
Bitget BIRBUSDT
BingX BIRB-USDT