Funding you earn now, next payment 08:00 UTC−0.1390%/8h= −152.2% APRnext payment −$6.95 per $10,000 · paid last 24h −0.361%
Price spread now: MEXC against Bybit−0.175%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$392as in the Funding arb table
Net, price: spread back to 7d avg − costs−$317as in the Price arb table
costs, in and out, $10k−$3133.129% of the position
Funding, last 7 days−0.796%−$80 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.175%, 7d avg −0.129%
=Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and MEXC is 0.046% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.796% in total (about -41.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.95 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 HEIUSDT | 0.1546 | 0.1490 | pay 0.0745% / 4h | 3h 11m | $1.4M | $606K | 5x |
| Short | MEXC HEI_USDT | 0.1543 | 0.0100 | get 0.0050% / 4h | 3h 11m | $1.8M | $404K | 20x |
Bybit HEIUSDT
MEXC HEI_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
- −$291.82
- Price spread: −0.175% → −0.129%
- −$4.59
- Slippage, 4 orders
- −$301.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$609.26
- Costs to cover
- 3.129%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 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, 5 min ago | 3.54 bp | 148.4 bp −$148 | 3441.5 bp −$34.4K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 3.22 bp | 4.6 bp −$5 | 41.0 bp −$410 | 232.3 bp −$23.2K | 546.4 bp −$273.2K |
HEI on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance HEIUSDT | +0.0100% | 4h | 0.1545 | −0.062% | $3.5M | $6.7M | 10x | as long as short |
| Gate HEI_USDT | +0.0100% | 4h | 0.1548 | +0.142% | $282K | $479K | 10x | as long as short |
| MEXC HEI_USDTshort | +0.0100% | 4h | 0.1543 | −0.175% | $1.8M | $404K | 20x | |
| KuCoin HEIUSDTM | +0.0100% | 4h | 0.1546 | +0.019% | $908K | $349K | 10x | as long as short |
| Variational Omni HEI | +0.0100% | 4h | 0.1552 | +0.429% | $14K | $1 | — | as long as short |
| edgeX HEIUSDC | +0.0115% | 4h | 0.1554 | +0.522% | $14K | $255K | 10x | as long as short |
| Aster HEIUSDT | +0.0270% | 4h | 0.1546 | +0.009% | $20K | $56K | 5x | as long as short |
| BingX HEI-USDT | +0.1384% | 4h | 0.1547 | +0.116% | — | $1.3M | — | as long as short |
| Bybit HEIUSDTlong | +0.1490% | 4h | 0.1546 | long leg | $1.4M | $606K | 5x |
Binance HEIUSDT
Gate HEI_USDT
KuCoin HEIUSDTM
Variational Omni HEI
edgeX HEIUSDC
Aster HEIUSDT
BingX HEI-USDT