Funding you earn now, next payment 04:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.36 per $10,000 · paid last 24h +0.253%
Price spread now: MEXC against Bybit+0.119%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1211.207% of the position
Funding, last 7 days+0.707%+$71 on $10k
+Price spread, last 7 days−0.337%−$34 · spread now +0.119%, 7d avg +0.081%
=The price spread pays, funding is against you. MEXC is 0.039% dearer against Bybit than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of +0.081%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 hours. Mind the row above: over the last 7 days funding on this pair paid +0.707%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.7533 | 0.0909 | pay 0.0455% / 4h | 2h 28m | $14.2M | $39.3M | 10x |
| Short | MEXC BTW_USDT | 0.7542 | 0.0838 | get 0.0419% / 4h | 2h 28m | $8.9M | $6.2M | 20x |
Bybit BTWUSDT
MEXC BTW_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
- −$14.95
- Price spread: +0.119% → +0.081%
- $3.9
- Slippage, 4 orders
- −$109.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$131.78
- Costs to cover
- 1.207%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 5 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 | 6.00 bp | 51.9 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 3.28 bp | 11.2 bp −$11 | 30.4 bp −$304 | 201.4 bp −$20.1K | 792.2 bp −$396.1K |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0100% | 4h | 0.7520 | −0.177% | $3.1M | $16.3M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.7570 | +0.488% | $188K | $741K | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0330% | 4h | 0.7531 | −0.033% | $6.8M | $4.8M | 10x | as long as short |
| Aster BTWUSDT | +0.0641% | 4h | 0.7524 | −0.120% | $2.1M | $3.0M | 5x | as long as short |
| Bitget BTWUSDT | +0.0650% | 4h | 0.7558 | +0.335% | $23.8M | $13.7M | 5x | as long as short |
| MEXC BTW_USDTshort | +0.0838% | 4h | 0.7542 | +0.119% | $8.9M | $6.2M | 20x | |
| Binance BTWUSDT | +0.0839% | 4h | 0.7539 | +0.079% | $104.8M | $170.1M | 10x | as long as short |
| Extended BTW-USD | +0.0840% | 1h | 0.7539 | +0.085% | $33K | $15K | 5x | as long as short |
| edgeX BTWUSDC | +0.0854% | 4h | 0.7616 | +1.104% | $314K | $502K | 10x | as long as short |
| BingX BTW-USDT | +0.0888% | 4h | 0.7557 | +0.319% | — | $4.3M | — | as long as short |
Gate BTW_USDT
HTX BTW-USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
Binance BTWUSDT
Extended BTW-USD
edgeX BTWUSDC
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDTlong | +0.0909% | 4h | 0.7533 | long leg | $14.2M | $39.3M | 10x |