Funding you earn now, next payment 08:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.64 per $10,000 · paid last 24h −0.099%
Price spread now: Bybit against MEXC0.000%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$596as in the Funding arb table
Net, price: spread back to 7d avg − costs−$590as in the Price arb table
costs, in and out, $10k−$5835.827% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now 0.000%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.074% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC GWEI_USDT | 0.02310 | 0.0230 | pay 0.0115% / 4h | 2h 38m | $131K | $92K | 20x |
| Short | Bybit GWEIUSDT | 0.02310 | 0.0101 | get 0.0051% / 4h | 2h 38m | $386K | $264K | 25x |
MEXC GWEI_USDT
Bybit GWEIUSDTFunding 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
- −$27.08
- Price spread: 0.000% → +0.074%
- −$7.39
- Slippage, 4 orders
- −$567.65
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$617.12
- Costs to cover
- 5.827%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 46 min ago; Bybit: live order book, 1 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, 46 min ago | 2.07 bp | 13.5 bp −$14 | 102.6 bp −$1,026 | 488.6 bp −$48.9K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.17 bp | 234.2 bp −$234 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GWEI_USDT | +0.0100% | 4h | 0.02298 | −0.498% | $391K | $551K | 10x | as long as short |
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02306 | −0.165% | $453K | $35K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02310 | +0.005% | $5K | $1K | — | as long as short |
| Bybit GWEIUSDTshort | +0.0101% | 4h | 0.02310 | 0.000% | $386K | $264K | 25x | |
| Bitget GWEIUSDT | +0.0152% | 4h | 0.02309 | −0.043% | $1.9M | $442K | 20x | as long as short |
| Binance GWEIUSDT | +0.0222% | 4h | 0.02314 | +0.159% | $2.5M | $5.2M | 50x | as long as short |
| MEXC GWEI_USDTlong | +0.0230% | 4h | 0.02310 | long leg | $131K | $92K | 20x | |
| Extended GWEI-USD | +0.0232% | 1h | 0.02304 | −0.244% | $4K | $238K | 5x | as long as short |
| BingX GWEI-USDT | +0.0268% | 4h | 0.02306 | −0.173% | — | $1.6M | — | as long as short |
| BloFin GWEI-USDT | +0.0276% | 4h | 0.02300 | −0.433% | $116K | $39K | 50x | as long as short |
Gate GWEI_USDT
KuCoin GWEIUSDTM
Variational Omni GWEI
Bitget GWEIUSDT
Binance GWEIUSDT
Extended GWEI-USD
BingX GWEI-USDT
BloFin GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.0802% | 4h | 0.02308 | −0.097% | $20K | $31K | 10x | as long as short |
Aster GWEIUSDT