Funding you earn now, next payment 04:00 UTC+0.1526%/8h= +167.1% APRnext payment +$7.63 per $10,000 · paid last 24h +0.345%
Price spread now: Bybit against MEXC−0.039%7-day average +0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$424as in the Funding arb table
Net, price: spread back to 7d avg − costs−$513as in the Price arb table
costs, in and out, $10k−$4964.965% of the position
Funding, last 7 days+0.729%+$73 on $10k
+Price spread, last 7 days+0.208%+$21 · spread now −0.039%, 7d avg +0.129%
=Funding pays, the price is against you. Bybit is 0.168% cheaper against MEXC than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.129%). If the spread goes back, that is −$17 on $10k: about 9 hours of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.729% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.729% in total (about 38.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.63 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 | MEXC HEI_USDT | 0.1540 | 0.0194 | pay 0.0097% / 4h | 28m 36s | $1.8M | $396K | 20x |
| Short | Bybit HEIUSDT | 0.1539 | 0.1720 | get 0.0860% / 4h | 28m 36s | $1.4M | $610K | 5x |
MEXC HEI_USDT
Bybit HEIUSDTFunding 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
- $320.48
- Price spread: −0.039% → +0.129%
- −$16.82
- Slippage, 4 orders
- −$485.46
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$192.8
- Costs to cover
- 4.965%
- Break-even
- 11.2 days
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago | 3.24 bp | 3.2 bp −$3 | 39.9 bp −$399 | 266.7 bp −$26.7K | 607.7 bp −$303.8K |
| Sell Bybit live order book, 2 min ago | 7.13 bp | 337.3 bp −$337 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HEI_USDT | +0.0100% | 4h | 0.1542 | +0.097% | $279K | $463K | 10x | as long as short |
| KuCoin HEIUSDTM | +0.0100% | 4h | 0.1541 | +0.071% | $903K | $361K | 10x | as long as short |
| Variational Omni HEI | +0.0100% | 4h | 0.1544 | +0.249% | $14K | $1 | — | as long as short |
| MEXC HEI_USDTlong | +0.0194% | 4h | 0.1540 | long leg | $1.8M | $396K | 20x | |
| edgeX HEIUSDC | +0.0195% | 4h | 0.1543 | +0.196% | $13K | $257K | 10x | as long as short |
| Binance HEIUSDT | +0.0201% | 4h | 0.1541 | +0.051% | $3.5M | $6.7M | 10x | as long as short |
| Aster HEIUSDT | +0.0419% | 4h | 0.1538 | −0.107% | $20K | $55K | 5x | as long as short |
| BingX HEI-USDT | +0.1624% | 4h | 0.1541 | +0.078% | — | $1.3M | — | as long as short |
| Bybit HEIUSDTshort | +0.1720% | 4h | 0.1539 | −0.039% | $1.4M | $610K | 5x |
Gate HEI_USDT
KuCoin HEIUSDTM
Variational Omni HEI
edgeX HEIUSDC
Binance HEIUSDT
Aster HEIUSDT
BingX HEI-USDT