Funding you earn now, next payment 08:00 UTC+0.0232%/8h= +25.4% APRnext payment +$1.16 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against Bybit−0.101%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now −0.101%, 7d avg −0.045%
=Funding pays, the price is against you. MEXC is 0.056% cheaper against Bybit than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.045%). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.057% in total) that is about 6.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.16 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 ETHFIUSDT | 0.6927 | −0.0252 | get 0.0126% / 4h | 2h 38m | $17.2M | $12.8M | 25x |
| Short | MEXC ETHFI_USDT | 0.6920 | −0.0020 | pay 0.0010% / 4h | 2h 38m | $15.6M | $4.1M | 125x |
Bybit ETHFIUSDT
MEXC ETHFI_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
- $48.74
- Price spread: −0.101% → −0.045%
- −$5.62
- Slippage, 4 orders
- −$30.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$2.3
- Costs to cover
- 0.454%
- Break-even
- 7.3 days
Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, just now.
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, 5 min ago | 1.44 bp | 16.0 bp −$16 | 46.7 bp −$467 | doesn't fit | doesn't fit |
| Sell MEXC live order book, just now | 0.72 bp | 6.0 bp −$6 | 21.7 bp −$217 | 89.2 bp −$8,918 | 198.0 bp −$99.0K |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETHFIUSD | −0.0412% | 1h | 0.6943 | +0.232% | $277K | $263K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0409% | 4h | 0.6912 | −0.217% | $80K | $183K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0327% | 1h | 0.6927 | 0.000% | $39K | $10K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0263% | 4h | 0.6921 | −0.087% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDTlong | −0.0252% | 4h | 0.6927 | long leg | $17.2M | $12.8M | 25x | |
| Variational Omni ETHFI | −0.0092% | 4h | 0.6932 | +0.078% | $947K | $722K | — | as long as short |
| Extended ETHFI-USD | −0.0024% | 1h | 0.6920 | −0.103% | $94K | $502K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0023% | 4h | 0.6924 | −0.041% | $24.0M | $35.6M | 75x | as long as short |
| MEXC ETHFI_USDTshort | −0.0020% | 4h | 0.6920 | −0.101% | $15.6M | $4.1M | 125x | |
| Aster ETHFIUSDT | −0.0009% | 4h | 0.6933 | +0.088% | $177K | $260K | 10x | as long as short |
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDT
Aster ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0006% | 8h | 0.6920 | −0.103% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.519% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6928 | +0.019% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6933 | +0.092% | $1.1M | $830K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6932 | +0.071% | $16.8M | $8.4M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6931 | +0.058% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6928 | +0.014% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6924 | −0.043% | $1.2M | $232K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6923 | −0.058% | $6.0M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6923 | −0.058% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6932 | +0.072% | $62K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6935 | +0.115% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0218% | 4h | 0.6913 | −0.202% | $1.2M | $236K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7054 | +1.833% | $31K | $5K | 50x | as long as short |
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX