Funding you earn now, next payment 12:00 UTC+0.0579%/8h= +63.4% APRnext payment +$2.90 per $10,000 · paid last 24h +0.021%
Price spread now: Bybit against MEXC+0.143%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1211.213% of the position
Funding, last 7 days−0.341%−$34 on $10k
+Price spread, last 7 days−0.221%−$22 · spread now +0.143%, 7d avg −0.026%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bybit is 0.169% dearer against MEXC than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.341%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.341% in total (about -17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.90 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 CP_USDT | 0.01398 | 0.0118 | pay 0.0059% / 4h | 3h 39m | $1.5M | $393K | 20x |
| Short | Bybit CPUSDT | 0.01400 | 0.0697 | get 0.0349% / 4h | 3h 39m | $1.7M | $3.2M | 20x |
MEXC CP_USDT
Bybit CPUSDTFunding 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
- $121.65
- Price spread: +0.143% → −0.026%
- $16.95
- Slippage, 4 orders
- −$106.26
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $17.34
- Costs to cover
- 1.213%
- Break-even
- 6.0 days
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago | 3.58 bp | 9.4 bp −$9 | 54.4 bp −$544 | 452.6 bp −$45.3K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.58 bp | 53.0 bp −$53 | 385.4 bp −$3,854 | doesn't fit | doesn't fit |
CP on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX CP-USDT | +0.0070% | 4h | 0.01399 | +0.072% | — | $1.1M | — | as long as short |
| Gate CP_USDT | +0.0100% | 4h | 0.01399 | +0.072% | $578K | $539K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01402 | +0.286% | $206K | $938K | 20x | as long as short |
| Bitget CPUSDT | +0.0100% | 4h | 0.01399 | +0.079% | $799K | $1.7M | 20x | as long as short |
| BloFin CP-USDT | +0.0112% | 4h | 0.01397 | −0.072% | $427 | $43K | 20x | as long as short |
| OKX CP-USDT-SWAP | +0.0114% | 4h | 0.01399 | +0.072% | $3.9M | $11.7M | 20x | as long as short |
| MEXC CP_USDTlong | +0.0118% | 4h | 0.01398 | long leg | $1.5M | $393K | 20x | |
| Bybit CPUSDTshort | +0.0697% | 4h | 0.01400 | +0.143% | $1.7M | $3.2M | 20x |
BingX CP-USDT
Gate CP_USDT
KuCoin CPUSDTM
Bitget CPUSDT
BloFin CP-USDT
OKX CP-USDT-SWAP