Funding you earn now, next payment 04:00 UTC−0.2038%/8h= −223.1% APRnext payment −$10.19 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bybit−0.962%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)+0.839%+$84 · spread now −0.962%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$61 a day on $10k at the current rate, and MEXC is 0.925% cheaper against Bybit than usual: you would sell low and buy high (−$92 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.19 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 DATAUSDT | 0.2286 | −0.1162 | get 0.0581% / 4h | 2h 10m | $1.3M | $1.7M | 20x |
| Short | MEXC DATA_USDT | 0.2264 | −0.3200 | pay 0.1600% / 4h | 2h 10m | $103K | $274K | 20x |
Bybit DATAUSDT
MEXC DATA_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
- −$427.91
- Price spread: −0.962% → −0.037%
- −$92.49
- Slippage, 4 orders
- −$111.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$646.8
- Costs to cover
- 1.264%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 39 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 | 2.19 bp | 49.7 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 39 min ago | 4.51 bp | 14.2 bp −$14 | 55.7 bp −$557 | 667.9 bp −$66.8K | doesn't fit |
DATA 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX DATA-USDT-SWAP | −0.3219% | 4h | 0.2269 | −0.744% | $1.3M | $7.2M | 20x | as long as short |
| MEXC DATA_USDTshort | −0.3200% | 4h | 0.2264 | −0.962% | $103K | $274K | 20x | |
| Gate DATA_USDT | −0.2480% | 4h | 0.2268 | −0.787% | $118K | $87K | 20x | as long as short |
| Extended DATA-USD | −0.1488% | 1h | 0.2257 | −1.253% | $942 | $60 | 5x | as long as short |
| Bybit DATAUSDTlong | −0.1162% | 4h | 0.2286 | long leg | $1.3M | $1.7M | 20x | |
| KuCoin DATAUSDTM | −0.1144% | 4h | 0.2264 | −0.945% | $206K | $1.0M | 30x | as long as short |
| Lighter DATA | −0.0192% | 1h | 0.2274 | −0.525% | $75K | $229K | 10x | as long as short |
| Bitget DATAUSDT | +0.0074% | 4h | 0.2275 | −0.481% | $690K | $476K | 50x | as long as short |
OKX DATA-USDT-SWAP
Gate DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Lighter DATA
Bitget DATAUSDT