Funding you earn now, next payment 12:00 UTC−0.0796%/8h= −87.2% APRnext payment −$3.98 per $10,000 · paid last 24h −0.229%
Price spread now: Bybit against MEXC−0.172%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1331.329% of the position
Funding, last 7 days−0.762%−$76 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.172%, 7d avg −0.091%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bybit is 0.081% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.8139 | 0.0896 | pay 0.0448% / 4h | 3h 39m | $9.0M | $6.3M | 20x |
| Short | Bybit BTWUSDT | 0.8125 | 0.0100 | get 0.0050% / 4h | 3h 39m | $15.7M | $39.7M | 10x |
MEXC BTW_USDT
Bybit BTWUSDTFunding 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
- −$167.16
- Price spread: −0.172% → −0.091%
- −$8.07
- Slippage, 4 orders
- −$121.93
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$308.16
- Costs to cover
- 1.329%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 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, 3 min ago | 3.68 bp | 13.2 bp −$13 | 38.8 bp −$388 | 209.6 bp −$21.0K | 670.3 bp −$335.1K |
| Sell Bybit live order book, 4 min ago | 3.63 bp | 47.5 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDTshort | +0.0100% | 4h | 0.8125 | −0.172% | $15.7M | $39.7M | 10x | |
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8134 | −0.067% | $7.2M | $4.7M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8159 | +0.244% | $214K | $732K | 10x | as long as short |
| Gate BTW_USDT | +0.0482% | 4h | 0.8125 | −0.175% | $3.3M | $17.2M | 10x | as long as short |
| Bitget BTWUSDT | +0.0600% | 4h | 0.8145 | +0.076% | $25.6M | $14.7M | 5x | as long as short |
| Aster BTWUSDT | +0.0858% | 4h | 0.8134 | −0.059% | $2.3M | $3.3M | 5x | as long as short |
| BingX BTW-USDT | +0.0876% | 4h | 0.8134 | −0.061% | — | $4.0M | — | as long as short |
| Binance BTWUSDT | +0.0891% | 4h | 0.8135 | −0.049% | $113.0M | $174.0M | 10x | as long as short |
| Extended BTW-USD | +0.0896% | 1h | 0.8132 | −0.088% | $35K | $15K | 5x | as long as short |
| MEXC BTW_USDTlong | +0.0896% | 4h | 0.8139 | long leg | $9.0M | $6.3M | 20x |
KuCoin BTWUSDTM
HTX BTW-USDT
Gate BTW_USDT
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
Binance BTWUSDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0933% | 4h | 0.8142 | +0.032% | $354K | $511K | 10x | as long as short |
edgeX BTWUSDC