Funding you earn now, next payment 00:00 UTC−0.0391%/8h= −42.9% APRnext payment −$1.96 per $10,000 · paid last 24h −0.031%
Price spread now: MEXC against Bybit−0.412%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$1781.781% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.412%, 7d avg −0.108%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and MEXC is 0.304% cheaper against Bybit than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.108%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 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 FORMUSDT | 0.3642 | 0.0491 | pay 0.0246% / 4h | 1h 12m | $2.4M | $11.5M | 20x |
| Short | MEXC FORM_USDT | 0.3627 | 0.0100 | get 0.0050% / 4h | 1h 12m | $1.8M | $8.3M | 100x |
Bybit FORMUSDT
MEXC FORM_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
- −$82.19
- Price spread: −0.412% → −0.108%
- −$30.38
- Slippage, 4 orders
- −$163.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$290.68
- Costs to cover
- 1.781%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; MEXC: 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 Bybit live order book, 6 min ago | 4.16 bp | 95.0 bp −$95 | 177.8 bp −$1,778 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.78 bp | 15.4 bp −$15 | 50.9 bp −$509 | 286.4 bp −$28.6K | doesn't fit |
FORM on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) FORM/USD | L −0.0007% / S +0.0008% | 1h | 0.3633 | −0.253% | — | — | — | as long as short |
| BloFin FORM-USDT | +0.0050% | 4h | 0.3625 | −0.467% | $1.0M | $359K | 50x | as long as short |
| BingX FORM-USDT | +0.0070% | 4h | 0.3635 | −0.192% | — | $3.5M | — | as long as short |
| Aster FORMUSDT | +0.0100% | 4h | 0.3630 | −0.329% | $48K | $646K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3635 | −0.195% | $19.4M | $135.9M | 50x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3626 | −0.439% | $829K | $4.1M | 50x | as long as short |
| MEXC FORM_USDTshort | +0.0100% | 4h | 0.3627 | −0.412% | $1.8M | $8.3M | 100x | |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3628 | −0.384% | $379K | $849K | 30x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3625 | −0.467% | $1.2M | $7.9M | 50x | as long as short |
| Bybit FORMUSDTlong | +0.0491% | 4h | 0.3642 | long leg | $2.4M | $11.5M | 20x |
gTrade (Gains Network) FORM/USD
BloFin FORM-USDT
BingX FORM-USDT
Aster FORMUSDT
Binance FORMUSDT
Gate FORM_USDT
KuCoin FORMUSDTM
Bitget FORMUSDT