Funding you earn now, next payment 04:00 UTC−0.0915%/8h= −100.2% APRnext payment −$4.57 per $10,000 · paid last 24h −0.077%
Price spread now: Bybit against MEXC+0.044%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$890.893% of the position
Funding, last 7 days−0.407%−$41 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.044%, 7d avg +0.033%
=The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.407% in total (about -21.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.57 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 CAP_USDT | 0.04549 | 0.0088 | pay 0.0044% / 4h | 3h 43m | $522K | $228K | 20x |
| Short | Bybit CAPUSDT | 0.04551 | −0.0827 | pay 0.0413% / 4h | 3h 43m | $4.4M | $4.1M | 10x |
MEXC CAP_USDT
Bybit CAPUSDTFunding 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
- −$192.11
- Price spread: +0.044% → +0.033%
- $1.11
- Slippage, 4 orders
- −$70.32
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$280.32
- Costs to cover
- 0.893%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 21 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, 21 min ago | 1.09 bp | 10.1 bp −$10 | 55.2 bp −$552 | 250.5 bp −$25.0K | 627.1 bp −$313.6K |
| Sell Bybit live order book, 4 min ago | 3.31 bp | 32.3 bp −$32 | 288.8 bp −$2,888 | doesn't fit | doesn't fit |
CAP on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAPUSDTM | −0.0846% | 4h | 0.04545 | −0.088% | $4.3M | $1.4M | 10x | as long as short |
| Bybit CAPUSDTshort | −0.0827% | 4h | 0.04551 | +0.044% | $4.4M | $4.1M | 10x | |
| OKX CAP-USDT-SWAP | −0.0600% | 4h | 0.04548 | −0.022% | $2.2M | $7.0M | 10x | as long as short |
| Variational Omni CAP | −0.0208% | 4h | 0.04531 | −0.400% | $8K | $8K | — | as long as short |
| Bitget CAPUSDT | −0.0078% | 4h | 0.04548 | −0.022% | $1.0M | $558K | 10x | as long as short |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04555 | +0.132% | $494 | — | 150x | as long as short |
| BloFin CAP-USDT | +0.0036% | 4h | 0.04543 | −0.132% | $375K | $58K | 10x | as long as short |
| MEXC CAP_USDTlong | +0.0088% | 4h | 0.04549 | long leg | $522K | $228K | 20x | |
| Binance CAPUSDT | +0.0089% | 4h | 0.04550 | +0.022% | $9.0M | $8.8M | 10x | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04546 | −0.064% | $19K | $2K | 3x | as long as short |
KuCoin CAPUSDTM
OKX CAP-USDT-SWAP
Variational Omni CAP
Bitget CAPUSDT
gTrade (Gains Network) CAP/USD
BloFin CAP-USDT
Binance CAPUSDT
Lighter CAPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAP-USDT | +0.0096% | 4h | 0.04551 | +0.044% | — | $1.6M | — | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04542 | −0.164% | $27K | $71K | 5x | as long as short |
| Gate CAP_USDT | +0.0100% | 4h | 0.04543 | −0.132% | $331K | $1.1M | 20x | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04546 | −0.066% | $5K | $582 | 10x | as long as short |
BingX CAP-USDT
Aster CAPUSDT
Gate CAP_USDT
Orderly PERP_CAP_USDC_mythos