Funding you earn now, next payment 04:00 UTC−0.0328%/8h= −35.9% APRnext payment −$1.64 per $10,000 · paid last 24h +0.093%
Price spread now: Bybit against MEXC0.000%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$296as in the Price arb table
costs, in and out, $10k−$2942.936% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now 0.000%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.024% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.109% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.64 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 IN_USDT | 0.03561 | 0.0428 | pay 0.0214% / 4h | 2h 06m | $275K | $94K | 20x |
| Short | Bybit INUSDT | 0.03561 | 0.0100 | get 0.0050% / 4h | 2h 06m | $758K | $167K | 20x |
MEXC IN_USDT
Bybit INUSDTFunding 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
- −$68.88
- Price spread: 0.000% → +0.024%
- −$2.39
- Slippage, 4 orders
- −$274.61
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$364.88
- Costs to cover
- 2.936%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 44 min ago; Bybit: live order book, 59 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, 44 min ago | 4.31 bp | 15.1 bp −$15 | 76.7 bp −$767 | 139.8 bp −$14.0K | doesn't fit |
| Sell Bybit live order book, 59 min ago | 5.67 bp | 129.6 bp −$130 | doesn't fit | doesn't fit | doesn't fit |
IN 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INUSDTshort | +0.0100% | 4h | 0.03561 | 0.000% | $758K | $167K | 20x | |
| KuCoin INUSDTM | +0.0100% | 4h | 0.03562 | +0.028% | $296K | $67K | 30x | as long as short |
| Bitget INUSDT | +0.0100% | 4h | 0.03565 | +0.112% | $837K | $169K | 25x | as long as short |
| Variational Omni IN | +0.0100% | 4h | 0.03560 | −0.032% | $1K | $6 | — | as long as short |
| Aster INUSDT | +0.0350% | 4h | 0.03553 | −0.230% | $128K | $21K | 5x | as long as short |
| BingX IN-USDT | +0.0396% | 4h | 0.03561 | 0.000% | — | $2.3M | — | as long as short |
| MEXC IN_USDTlong | +0.0428% | 4h | 0.03561 | long leg | $275K | $94K | 20x | |
| Binance INUSDT | +0.0442% | 4h | 0.03562 | +0.040% | $2.0M | $1.3M | 25x | as long as short |
| Gate IN_USDT | +0.0632% | 4h | 0.03558 | −0.084% | $234K | $139K | 50x | as long as short |
KuCoin INUSDTM
Bitget INUSDT
Variational Omni IN
Aster INUSDT
BingX IN-USDT
Binance INUSDT
Gate IN_USDT