Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bybit+0.147%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1361.358% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.147%, 7d avg +0.138%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INITUSDT | 0.08174 | 0.0100 | pay 0.0050% / 4h | 59m 27s | $1.4M | $1.4M | 25x |
| Short | MEXC INIT_USDT | 0.08186 | 0.0100 | get 0.0050% / 4h | 59m 27s | $445K | $217K | 20x |
Bybit INITUSDT
MEXC INIT_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
- $0
- Price spread: +0.147% → +0.138%
- $0.93
- Slippage, 4 orders
- −$120.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$134.82
- Costs to cover
- 1.358%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 10 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, 2 min ago | 5.51 bp | 55.2 bp −$55 | 130.1 bp −$1,301 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 10 min ago | 1.84 bp | 11.2 bp −$11 | 70.6 bp −$706 | 212.4 bp −$21.2K | 597.9 bp −$299.0K |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0064% | 4h | 0.08189 | +0.184% | $152K | $110K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08180 | +0.078% | $298K | $233K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08174 | +0.003% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08185 | +0.135% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDTlong | +0.0100% | 4h | 0.08174 | long leg | $1.4M | $1.4M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08181 | +0.086% | $133K | $632K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08161 | −0.159% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDTshort | +0.0100% | 4h | 0.08186 | +0.147% | $445K | $217K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08173 | −0.012% | $325K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08180 | +0.073% | $427K | $310K | 25x | as long as short |
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08179 | +0.061% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08170 | −0.044% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0384% | 1h | 0.08183 | +0.107% | $5K | $17K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD