Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.060%
Price spread now: MEXC against Bybit−0.175%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$735as in the Funding arb table
Net, price: spread back to 7d avg − costs−$755as in the Price arb table
costs, in and out, $10k−$7457.446% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.175%, 7d avg −0.075%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.100% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.075%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GWEIUSDT | 0.02291 | 0.0420 | pay 0.0210% / 4h | 1h 09m | $371K | $115K | 25x |
| Short | MEXC GWEI_USDT | 0.02287 | 0.0400 | get 0.0200% / 4h | 1h 09m | $103K | $87K | 20x |
Bybit GWEIUSDT
MEXC GWEI_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
- −$4.11
- Price spread: −0.175% → −0.075%
- −$10.01
- Slippage, 4 orders
- −$729.58
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$758.7
- Costs to cover
- 7.446%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 62 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, 1 min ago | 2.18 bp | 512.4 bp −$512 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 62 min ago | 2.19 bp | 24.7 bp −$25 | 109.3 bp −$1,093 | 384.5 bp −$38.4K | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02280 | −0.489% | $451K | $17K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02288 | −0.123% | $4K | $55 | — | as long as short |
| Extended GWEI-USD | +0.0400% | 1h | 0.02289 | −0.108% | $4K | $142K | 5x | as long as short |
| MEXC GWEI_USDTshort | +0.0400% | 4h | 0.02287 | −0.175% | $103K | $87K | 20x | |
| Binance GWEIUSDT | +0.0401% | 4h | 0.02289 | −0.088% | $2.4M | $2.6M | 50x | as long as short |
| Bybit GWEIUSDTlong | +0.0420% | 4h | 0.02291 | long leg | $371K | $115K | 25x | |
| BloFin GWEI-USDT | +0.0457% | 4h | 0.02288 | −0.131% | $171K | $29K | 50x | as long as short |
| Gate GWEI_USDT | +0.0578% | 4h | 0.02283 | −0.371% | $376K | $393K | 10x | as long as short |
| BingX GWEI-USDT | +0.0606% | 4h | 0.02286 | −0.218% | — | $1.6M | — | as long as short |
| Bitget GWEIUSDT | +0.0680% | 4h | 0.02283 | −0.349% | $1.9M | $209K | 20x | as long as short |
KuCoin GWEIUSDTM
Variational Omni GWEI
Extended GWEI-USD
Binance GWEIUSDT
BloFin GWEI-USDT
Gate GWEI_USDT
BingX GWEI-USDT
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1431% | 4h | 0.02282 | −0.393% | $16K | $15K | 10x | as long as short |
Aster GWEIUSDT