Funding you earn now, next payment 04:00 UTC−0.0388%/8h= −42.5% APRnext payment −$1.94 per $10,000 · paid last 24h −0.079%
Price spread now: Bybit against MEXC−0.170%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2132.130% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.170%, 7d avg −0.111%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.059% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.111%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.256% in total (about -13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.94 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 EDGE_USDT | 0.5889 | 0.0488 | pay 0.0244% / 4h | 2h 07m | $1.1M | $913K | 50x |
| Short | Bybit EDGEUSDT | 0.5879 | 0.0100 | get 0.0050% / 4h | 2h 07m | $7.0M | $3.3M | 25x |
MEXC EDGE_USDT
Bybit EDGEUSDTFunding 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
- −$81.48
- Price spread: −0.170% → −0.111%
- −$5.92
- Slippage, 4 orders
- −$193.99
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$300.39
- Costs to cover
- 2.130%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 5 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, 3 min ago | 1.70 bp | 10.8 bp −$11 | 83.1 bp −$831 | 204.2 bp −$20.4K | 773.0 bp −$386.5K |
| Sell Bybit live order book, 5 min ago | 2.56 bp | 92.7 bp −$93 | 291.2 bp −$2,912 | doesn't fit | doesn't fit |
EDGE on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5881 | −0.127% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDTshort | +0.0100% | 4h | 0.5879 | −0.170% | $7.0M | $3.3M | 25x | |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5881 | −0.136% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5889 | 0.000% | $4.7M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5886 | −0.051% | $58K | $105K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5877 | −0.196% | $189K | $131K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5886 | −0.048% | $7K | $2.0M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5893 | +0.068% | $9K | $303K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5838 | −0.866% | $3K | $620K | 10x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0431% | 4h | 0.5894 | +0.085% | $3.6M | $5.8M | 20x | as long as short |
Lighter EDGE
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
OKX EDGE-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDC | +0.0462% | 4h | 0.5887 | −0.036% | $14.1M | $3.6M | 30x | as long as short |
| Aster EDGEUSDT | +0.0476% | 4h | 0.5890 | +0.015% | $68K | $132K | 5x | as long as short |
| Binance EDGEUSDT | +0.0480% | 4h | 0.5890 | +0.017% | $10.0M | $10.4M | 50x | as long as short |
| Extended EDGE-USD | +0.0488% | 1h | 0.5888 | −0.022% | $27K | $195K | 5x | as long as short |
| MEXC EDGE_USDTlong | +0.0488% | 4h | 0.5889 | long leg | $1.1M | $913K | 50x | |
| Orderly PERP_EDGE_USDC | +0.0699% | 4h | 0.5878 | −0.187% | $3K | — | 10x | as long as short |
edgeX EDGEUSDC
Aster EDGEUSDT
Binance EDGEUSDT
Extended EDGE-USD
Orderly PERP_EDGE_USDC