Funding you earn now, next payment 04:00 UTC+0.0270%/8h= +29.6% APRnext payment +$1.35 per $10,000 · paid last 24h +0.014%
Price spread now: Bybit against MEXC+0.055%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1141.141% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 7 days−0.123%−$12 · spread now +0.055%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.028% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.027%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.35 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 FF_USDT | 0.1276 | −0.0170 | get 0.0085% / 4h | 3h 19m | $10.0M | $985K | 50x |
| Short | Bybit FFUSDT | 0.1277 | 0.0100 | get 0.0050% / 4h | 3h 19m | $14.4M | $5.7M | 20x |
MEXC FF_USDT
Bybit FFUSDTFunding 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
- $56.7
- Price spread: +0.055% → +0.027%
- $2.8
- Slippage, 4 orders
- −$99.15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.65
- Costs to cover
- 1.141%
- Break-even
- 13.7 days
Slippage from MEXC: live order book, 3 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, 3 min ago | 1.57 bp | 11.9 bp −$12 | 58.7 bp −$587 | 236.4 bp −$23.6K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.96 bp | 50.9 bp −$51 | 149.4 bp −$1,494 | doesn't fit | doesn't fit |
FF on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin FF-USDT | −0.0204% | 4h | 0.1274 | −0.118% | $2.3M | $306K | 20x | as long as short |
| MEXC FF_USDTlong | −0.0170% | 4h | 0.1276 | long leg | $10.0M | $985K | 50x | |
| Binance FFUSDT | −0.0168% | 4h | 0.1276 | +0.003% | $43.2M | $21.5M | 20x | as long as short |
| Aster FFUSDT | +0.0100% | 4h | 0.1277 | +0.125% | $1.2M | $17K | 5x | as long as short |
| Bybit FFUSDTshort | +0.0100% | 4h | 0.1277 | +0.055% | $14.4M | $5.7M | 20x | |
| Gate FF_USDT | +0.0100% | 4h | 0.1278 | +0.141% | $26.9M | $1.7M | 50x | as long as short |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1278 | +0.188% | $8.6M | $5.3M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1277 | +0.063% | $18.6M | $1.4M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1276 | +0.039% | — | $6.7M | — | as long as short |
| SunX FF-USDT | +0.0100% | 4h | 0.1273 | −0.266% | $1K | $1.4M | 20x | as long as short |
BloFin FF-USDT
Binance FFUSDT
Aster FFUSDT
Gate FF_USDT
KuCoin FFUSDTM
Bitget FFUSDT
BingX FF-USDT
SunX FF-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FF | +0.0288% | 1h | 0.1280 | +0.321% | $136K | $37K | 3x | as long as short |
Lighter FF