Funding you earn now, next payment 08:00 UTC+1.1604%/8h= +1270.7% APRnext payment +$58.02 per $10,000 · paid last 24h +0.591%
Price spread now: MEXC against Bybit−0.676%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days+0.582%+$58 on $10k
+Price spread, last 7 days+0.729%+$73 · spread now −0.676%, 7d avg −0.070%
=Funding pays, the price is against you. MEXC is 0.606% cheaper against Bybit than usual: you would sell low and buy high (spread −0.676% now, against its 7-day average of −0.070%). If the spread goes back, that is −$61 on $10k: about 4 hours of funding at the current rate (+$348 a day). At the pace of the last 7 days (+0.582% in total) that is about 7.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.582% in total (about 30.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$58.02 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 KERNELUSDT | 0.06364 | −3.3970 | get 1.6985% / 4h | 2h 32m | $2.6M | $17.6M | 20x |
| Short | MEXC KERNEL_USDT | 0.06321 | −2.2366 | pay 1.1183% / 4h | 2h 32m | $1.2M | $3.2M | 20x |
Bybit KERNELUSDT
MEXC KERNEL_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
- $2,436.88
- Price spread: −0.676% → −0.070%
- −$60.61
- Slippage, 4 orders
- −$72.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $2,288.32
- Costs to cover
- 0.880%
- Break-even
- 0.4 days
Slippage from Bybit: live order book, 1 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, 1 min ago | 3.90 bp | 35.4 bp −$35 | 253.0 bp −$2,530 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.57 bp | 10.6 bp −$11 | 18.5 bp −$185 | 231.9 bp −$23.2K | doesn't fit |
KERNEL on 8 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 KERNELUSDTlong | −3.3970% | 4h | 0.06364 | long leg | $2.6M | $17.6M | 20x | |
| BingX KERNEL-USDT | −2.8800% | 4h | 0.06321 | −0.676% | — | $7.5M | — | as long as short |
| Variational Omni KERNEL | −2.8148% | 4h | 0.06416 | +0.809% | $13K | $73K | — | as long as short |
| Bitget KERNELUSDT | −2.3182% | 4h | 0.06333 | −0.487% | $1.2M | $9.6M | 25x | as long as short |
| Gate KERNEL_USDT | −2.3176% | 4h | 0.06327 | −0.581% | $330K | $2.4M | 50x | as long as short |
| Binance KERNELUSDT | −2.2500% | 4h | 0.06319 | −0.712% | $4.0M | $87.4M | 25x | as long as short |
| MEXC KERNEL_USDTshort | −2.2366% | 4h | 0.06321 | −0.676% | $1.2M | $3.2M | 20x | |
| KuCoin KERNELUSDTM | −1.9318% | 4h | 0.06343 | −0.330% | $524K | $712K | 30x | as long as short |
BingX KERNEL-USDT
Variational Omni KERNEL
Bitget KERNELUSDT
Gate KERNEL_USDT
Binance KERNELUSDT
KuCoin KERNELUSDTM