Funding you earn now, next payment 04:00 UTC+0.0520%/8h= +56.9% APRnext payment +$2.60 per $10,000 · paid last 24h −0.077%
Price spread now: MEXC against Bybit+0.178%7-day average +0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2142.144% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.178%, 7d avg +0.156%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and MEXC is 0.022% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.156%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.60 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 FHEUSDT | 0.02247 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $1.6M | $478K | 13x |
| Short | MEXC FHE_USDT | 0.02251 | 0.0620 | get 0.0310% / 4h | 3h 39m | $845K | $293K | 50x |
Bybit FHEUSDT
MEXC FHE_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
- $109.2
- Price spread: +0.178% → +0.156%
- $2.18
- Slippage, 4 orders
- −$199.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$103
- Costs to cover
- 2.144%
- Break-even
- 13.6 days
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 30 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 | 4.45 bp | 83.6 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 30 min ago | 4.45 bp | 21.6 bp −$22 | 111.2 bp −$1,112 | 250.2 bp −$25.0K | 511.5 bp −$255.8K |
FHE 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit FHEUSDTlong | +0.0100% | 4h | 0.02247 | long leg | $1.6M | $478K | 13x | |
| Gate FHE_USDT | +0.0100% | 8h | 0.02246 | −0.045% | $621K | $83K | 10x | as long as short |
| Aster FHEUSDT | +0.0434% | 4h | 0.02251 | +0.173% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0576% | 4h | 0.02248 | +0.045% | — | $6.5M | — | as long as short |
| MEXC FHE_USDTshort | +0.0620% | 4h | 0.02251 | +0.178% | $845K | $293K | 50x | |
| Binance FHEUSDT | +0.0621% | 4h | 0.02250 | +0.134% | $3.0M | $1.5M | 10x | as long as short |
| Extended FHE-USD | +0.0624% | 1h | 0.02249 | +0.109% | $2K | $141K | 5x | as long as short |
| KuCoin FHEUSDTM | +0.1380% | 4h | 0.02252 | +0.223% | $658K | $10.0M | 10x | as long as short |
Gate FHE_USDT
Aster FHEUSDT
BingX FHE-USDT
Binance FHEUSDT
Extended FHE-USD
KuCoin FHEUSDTM