BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against MEXC+0.007%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.007%, 7d avg +0.001%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	86,290.9	0.0083	pay 0.0083% / 8h	7h 15m	$5.10B	$5.74B	500x
Short	Bybit BTCUSDT	86,296.9	0.0100	get 0.0100% / 8h	7h 15m	$5.26B	$9.64B	150x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BybitbpOrdersPrice spread, now +0.007%Rate

Funding earned: $3.57
Price spread: +0.007% → +0.001%: $0.61
Slippage, 4 orders: −$1.18
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12
Costs to cover: 0.162%
Break-even: 30.5 days

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	0.01 bp	3.2 bp −$3	3.2 bp −$32	3.3 bp −$326	3.5 bp −$1,773
Sell Bybit live order book, 4 min ago	0.01 bp	5.5 bp −$6	5.6 bp −$56	6.3 bp −$625	8.1 bp −$4,074

BTC on 56 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
Phoenix BTC	−0.0129%	1h	86,239	−0.060%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,299	+0.009%	$9K	$3K	50x	as long as short
Bluefin BTC-PERP	−0.0065%	1h	86,267.2	−0.027%	$144K	$667K	40x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	86,286.3	−0.005%	$363K	$2.3M	50x	as long as short
Perpl BTC	0.0000%	43m	86,286.3	−0.005%	$538K	$21.3M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,249.2	−0.048%	$36.9M	—	200x	as long as short
dYdX BTC-USD	+0.0023%	1h	86,288.1	−0.003%	$16.9M	$20.5M	50x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,358	+0.078%	$343K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0031%	8h	86,289.5	−0.002%	$500.4M	$1.13B	200x	as long as short
KuCoin XBTUSDTM	+0.0043%	8h	86,283.5	−0.009%	$831.5M	$718.4M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0048%	1h	86,289	−0.002%	$6.7M	$145.8M	40x	as long as short
BingX BTC-USDC	+0.0051%	8h	86,268.8	−0.026%	—	$15.3M	—	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,287.3	−0.004%	$8.3M	$42.4M	25x	as long as short
Bitget BTCUSDT	+0.0065%	8h	86,288.5	−0.003%	$2.97B	$5.05B	150x	as long as short
SoDEX BTC-USD	+0.0075%	1h	86,258	−0.038%	$60.4M	$338.2M	40x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,233.6	−0.066%	$2.5M	$1.8M	20x	as long as short
MEXC BTC_USDTlong	+0.0083%	8h	86,290.9	long leg	$5.10B	$5.74B	500x
Binance BTCUSDT	+0.0084%	8h	86,284.6	−0.007%	$9.40B	$24.32B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,288.3	−0.003%	$170.5M	$990.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,291.3	0.000%	$23.6M	$151.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,283	−0.009%	$8.4M	$52.1M	100x	as long as short
Gate BTC_USDT	+0.0099%	8h	86,283.8	−0.008%	$5.77B	$10.61B	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,259	−0.037%	$196K	$7.3M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,308.5	+0.020%	$4.2M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,275.1	−0.018%	$22.0M	$227.0M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,362	+0.082%	$3.78B	$4.99B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,315.1	+0.028%	$40.6M	$558.6M	50x	as long as short
Bybit BTCUSDTshort	+0.0100%	8h	86,296.9	+0.007%	$5.26B	$9.64B	150x
OKX BTC-USDT-SWAP	+0.0100%	8h	86,300.2	+0.011%	$2.56B	$12.46B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,280	−0.013%	$3.9M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,304.8	+0.016%	$7.2M	$95.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,145.7	−0.168%	$580.3M	$59.0M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,244.5	−0.054%	$35.7M	$160.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,226.1	−0.075%	$156.7M	$559.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,200.2	−0.105%	$278.4M	$953.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,212.1	−0.091%	$216.4M	$165.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,240.1	−0.059%	$141.3M	$320.8M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,233.9	−0.066%	$30.6M	$208.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,318.1	+0.031%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,288	−0.003%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,295.1	+0.005%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,221.5	−0.080%	$2.4M	$9.0M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,262.1	−0.033%	$30.3M	$56.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,207.5	−0.097%	$3.3M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,239.1	−0.060%	$2.29B	$959.3M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	86,265.8	−0.029%	$155.2M	$473.3M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	86,257.8	−0.038%	$46.0M	$222.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,210	−0.094%	—	$99.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,300	+0.011%	$132.3M	$5.33B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,294.7	+0.004%	$191.3M	$947.1M	100x	as long as short
Hibachi BTC/USDT-P	+0.0160%	1h	86,254.4	−0.042%	$712K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0169%	1h	86,303	+0.014%	$77K	$217K	20x	as long as short
BloFin BTC-USDT	+0.0203%	8h	86,184.8	−0.123%	$415.3M	$641.0M	150x	as long as short
Kalshi KXBTCPERP	+0.0204%	8h	86,277	−0.016%	$10.5M	$765.8M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0207% / S −0.0222%	1h	86,247	−0.051%	$14.5M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0208%	1h	86,308.4	+0.020%	$902.2M	$1.51B	50x	as long as short