Funding you earn now, next payment 00:00 UTC+0.0393%/8h= +43.0% APRnext payment +$3.93 per $10,000 · paid last 24h +0.015%
Price spread now: MEXC against Bybit+0.179%7-day average +0.215% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1041.039% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)+0.419%+$42 · spread now +0.179%, 7d avg +0.215%
=Funding pays, the price is against you. MEXC is 0.036% cheaper against Bybit than usual: you would sell low and buy high (spread +0.179% now, against its 7-day average of +0.215%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.107% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.93 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 | Bybit COREUSDT | 0.02237 | −0.0242 | get 0.0242% / 8h | 2h 55m | $1.4M | $829K | 20x |
| Short | MEXC CORE_USDT | 0.02241 | 0.0151 | get 0.0151% / 8h | 2h 55m | $884K | $206K | 100x |
Bybit COREUSDT
MEXC CORE_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
- $82.55
- Price spread: +0.179% → +0.215%
- −$3.59
- Slippage, 4 orders
- −$88.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$24.98
- Costs to cover
- 1.039%
- Break-even
- 9.1 days
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 29 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 | 2.24 bp | 37.5 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 29 min ago | 4.47 bp | 14.6 bp −$15 | 57.7 bp −$577 | 125.7 bp −$12.6K | 233.9 bp −$117.0K |
CORE on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CORE | −0.0409% | 8h | 0.02235 | −0.090% | $8K | $872 | — | as long as short |
| Bybit COREUSDTlong | −0.0242% | 8h | 0.02237 | long leg | $1.4M | $829K | 20x | |
| OKX CORE-USDT-SWAP | +0.0100% | 8h | 0.02241 | +0.179% | $1.8M | $4.2M | 20x | as long as short |
| Gate CORE_USDT | +0.0100% | 8h | 0.02238 | +0.045% | $171K | $167K | 25x | as long as short |
| MEXC CORE_USDTshort | +0.0151% | 8h | 0.02241 | +0.179% | $884K | $206K | 100x | |
| BingX CORE-USDT | +0.0151% | 8h | 0.02241 | +0.179% | — | $1.3M | — | as long as short |
Variational Omni CORE
OKX CORE-USDT-SWAP
Gate CORE_USDT
BingX CORE-USDT