Funding you earn now, next payment 16:00 UTC−0.0540%/8h= −59.1% APRnext payment −$5.40 per $10,000 · paid last 24h −0.022%
Price spread now: MEXC against Bybit−0.297%7-day average −0.179% · you buy dearer than you sell
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2452.448% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.297%, 7d avg −0.179%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.118% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.179%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.40 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 GMESTOCKUSDT | 23.550 | 0.0540 | pay 0.0540% / 8h | 7h 51m | $344K | $254K | 25x |
| Short | MEXC GMESTOCK_USDT | 23.480 | 0 | get 0.0000% / 8h | 7h 51m | $417K | $111K | 20x |
Bybit GMESTOCKUSDT
MEXC GMESTOCK_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
- −$113.34
- Price spread: −0.297% → −0.179%
- −$11.78
- Slippage, 4 orders
- −$233.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$369.93
- Costs to cover
- 2.448%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 38 min ago; MEXC: live order book, 29 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, 38 min ago | 14.81 bp | 100.1 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 29 min ago | 8.49 bp | 11.9 bp −$12 | 42.2 bp −$422 | 189.4 bp −$18.9K | doesn't fit |
GMESTOCK on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC GMESTOCK_USDTshort | 0.0000% | 8h | 23.480 | −0.297% | $417K | $111K | 20x | |
| Bybit GMESTOCKUSDTlong | +0.0540% | 8h | 23.550 | long leg | $344K | $254K | 25x |