Funding you earn now, next payment 00:00 UTC−0.0317%/8h= −34.7% APRnext payment −$1.58 per $10,000 · paid last 24h +0.095%
Price spread now: Bybit against MEXC−0.179%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2082.078% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.179%, 7d avg −0.155%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.024% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.155%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.58 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 FHE_USDT | 0.02236 | 0.0630 | pay 0.0315% / 4h | 29m 14s | $941K | $281K | 50x |
| Short | Bybit FHEUSDT | 0.02232 | 0.0313 | get 0.0157% / 4h | 29m 14s | $1.6M | $485K | 13x |
MEXC FHE_USDT
Bybit FHEUSDTFunding 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
- −$66.49
- Price spread: −0.179% → −0.155%
- −$2.35
- Slippage, 4 orders
- −$192.8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$276.64
- Costs to cover
- 2.078%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 45 min ago; Bybit: live order book, 2 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, 45 min ago | 2.24 bp | 20.9 bp −$21 | 98.3 bp −$983 | 250.2 bp −$25.0K | 566.8 bp −$283.4K |
| Sell Bybit live order book, 2 min ago | 4.48 bp | 91.8 bp −$92 | 699.6 bp −$6,996 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate FHE_USDT | +0.0100% | 8h | 0.02229 | −0.313% | $617K | $89K | 10x | as long as short |
| Bybit FHEUSDTshort | +0.0313% | 4h | 0.02232 | −0.179% | $1.6M | $485K | 13x | |
| Aster FHEUSDT | +0.0409% | 4h | 0.02236 | −0.004% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0608% | 4h | 0.02233 | −0.134% | — | $6.5M | — | as long as short |
| Extended FHE-USD | +0.0624% | 1h | 0.02235 | −0.060% | $497 | $141K | 5x | as long as short |
| Binance FHEUSDT | +0.0627% | 4h | 0.02235 | −0.025% | $2.9M | $1.4M | 10x | as long as short |
| MEXC FHE_USDTlong | +0.0630% | 4h | 0.02236 | long leg | $941K | $281K | 50x | |
| KuCoin FHEUSDTM | +0.1360% | 4h | 0.02235 | −0.045% | $641K | $10.1M | 10x | as long as short |
Gate FHE_USDT
Aster FHEUSDT
BingX FHE-USDT
Extended FHE-USD
Binance FHEUSDT
KuCoin FHEUSDTM