Funding you earn now, next payment 00:00 UTC−1.1516%/8h= −1261.0% APRpaid last 24h −1.240%
Price spread now: MEXC against Bybit+0.916%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs+$25as in the Price arb table
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days−1.159%−$116 on $10k
+Price spread, last 4 days (all we have)−0.854%−$85 · spread now +0.916%, 7d avg −0.028%
=The price spread pays, funding is against you. MEXC is 0.944% dearer against Bybit than usual: you sell high and buy low (spread +0.916% now, against its 7-day average of −0.028%): +$94 on $10k if it goes back. Holding the pair costs −$345 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−1.159% in total) that is about 5.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.159% in total (about -60.4% a year). A funding rate is set anew for every payment. 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 CVCUSDT | 0.02728 | 1.1516 | pay 0.1439% / 1h | 54m 32s | $1.7M | $1.5M | 25x |
| Short | MEXC CVC_USDT | 0.02753 | 0 | get 0.0000% / 4h | 54m 32s | $656K | $120K | 20x |
Bybit CVCUSDT
MEXC CVC_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
- −$2,418.33
- Price spread: +0.916% → −0.028%
- $94.41
- Slippage, 4 orders
- −$54.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$2,393.64
- Costs to cover
- 0.697%
- Break-even
- from the start
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 16 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, 2 min ago | 5.49 bp | 26.1 bp −$26 | 337.2 bp −$3,372 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 16 min ago | 1.82 bp | 9.0 bp −$9 | 29.2 bp −$292 | 170.6 bp −$17.1K | 562.2 bp −$281.1K |
CVC 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CVC_USDT | −0.0578% | 4h | 0.02755 | +0.990% | $213K | $314K | 25x | as long as short |
| BingX CVC-USDT | −0.0182% | 4h | 0.02746 | +0.660% | — | $2.4M | — | as long as short |
| Bitget CVCUSDT | −0.0164% | 4h | 0.02753 | +0.916% | $453K | $497K | 50x | as long as short |
| MEXC CVC_USDTshort | 0.0000% | 4h | 0.02753 | +0.916% | $656K | $120K | 20x | |
| Binance CVCUSDT | +0.0001% | 4h | 0.02753 | +0.916% | $3.0M | $5.7M | 50x | as long as short |
| KuCoin CVCUSDTM | +0.0100% | 4h | 0.02758 | +1.100% | $1.4M | $415K | 30x | as long as short |
| Variational Omni CVC | +0.1481% | 1h | 0.02732 | +0.151% | $1K | $370 | — | as long as short |
| Bybit CVCUSDTlong | +1.1516% | 1h | 0.02728 | long leg | $1.7M | $1.5M | 25x |
Gate CVC_USDT
BingX CVC-USDT
Bitget CVCUSDT
Binance CVCUSDT
KuCoin CVCUSDTM
Variational Omni CVC