Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC−0.121%7-day average −0.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1131.133% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.121%, 7d avg −0.137%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC INIT_USDT | 0.08290 | 0.0100 | pay 0.0050% / 4h | 55m 28s | $449K | $209K | 20x |
| Short | Bybit INITUSDT | 0.08280 | 0.0100 | get 0.0050% / 4h | 55m 28s | $1.4M | $1.5M | 25x |
MEXC INIT_USDT
Bybit INITUSDTFunding 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
- $0
- Price spread: −0.121% → −0.137%
- $1.68
- Slippage, 4 orders
- −$98.33
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$111.64
- Costs to cover
- 1.133%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 55 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, 55 min ago | 2.42 bp | 17.4 bp −$17 | 87.7 bp −$877 | 273.9 bp −$27.4K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 6.64 bp | 48.0 bp −$48 | 86.8 bp −$868 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5668% | 1h | 0.08232 | −0.697% | $3K | $19K | 10x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08288 | −0.030% | $306K | $230K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08287 | −0.038% | $27K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08285 | −0.061% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDTshort | +0.0100% | 4h | 0.08280 | −0.121% | $1.4M | $1.5M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08299 | +0.109% | $138K | $664K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08275 | −0.181% | $84K | $56K | 25x | as long as short |
| MEXC INIT_USDTlong | +0.0100% | 4h | 0.08290 | long leg | $449K | $209K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08292 | +0.024% | $327K | $56K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08286 | −0.048% | $430K | $308K | 25x | as long as short |
Kraken Futures PF_INITUSD
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 | 0.08289 | −0.012% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08276 | −0.167% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0105% | 4h | 0.08277 | −0.157% | $153K | $112K | 25x | as long as short |
BingX INIT-USDT
Variational Omni INIT
BloFin INIT-USDT