Funding you earn now, next payment 12:00 UTC+0.0133%/8h= +14.5% APRnext payment +$0.66 per $10,000 · paid last 24h +0.180%
Price spread now: MEXC against Bybit0.000%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1191.193% of the position
Funding, last 7 days+0.494%+$49 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now 0.000%, 7d avg +0.050%
=Funding pays, the price is against you. MEXC is 0.050% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.050%). If the spread goes back, that is −$5 on $10k: about 30 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUSDT | 1.3421 | 0.0471 | pay 0.0236% / 4h | 52m 36s | $4.2M | $1.6M | 20x |
| Short | MEXC M_USDT | 1.3421 | 0.0604 | get 0.0302% / 4h | 52m 36s | $239K | $113K | 50x |
Bybit MUSDT
MEXC M_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
- $27.87
- Price spread: 0.000% → +0.050%
- −$5.01
- Slippage, 4 orders
- −$104.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$96.45
- Costs to cover
- 1.193%
- Break-even
- 31.2 days
Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 43 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, 3 min ago | 4.83 bp | 48.3 bp −$48 | 345.6 bp −$3,456 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 43 min ago | 1.88 bp | 15.4 bp −$15 | 46.5 bp −$465 | 140.2 bp −$14.0K | doesn't fit |
M on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_M_USDC | +0.0086% | 4h | 1.3422 | +0.007% | $2K | $664 | 10x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.3412 | −0.067% | $1.8M | $888K | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3408 | −0.097% | $2K | $942K | 20x | as long as short |
| Aster MUSDT | +0.0340% | 4h | 1.3434 | +0.096% | $12K | $29K | 5x | as long as short |
| Bybit MUSDTlong | +0.0471% | 4h | 1.3421 | long leg | $4.2M | $1.6M | 20x | |
| BloFin M-USDT | +0.0603% | 4h | 1.3413 | −0.060% | $338K | $464K | 10x | as long as short |
| MEXC M_USDTshort | +0.0604% | 4h | 1.3421 | 0.000% | $239K | $113K | 50x | |
| Binance MUSDT | +0.0605% | 4h | 1.3420 | −0.007% | $5.3M | $3.9M | 10x | as long as short |
| BingX M-USDT | +0.0764% | 4h | 1.3411 | −0.075% | — | $2.4M | — | as long as short |
| Bitget MUSDT | +0.0856% | 4h | 1.3416 | −0.037% | $1.7M | $261K | 10x | as long as short |
Orderly PERP_M_USDC
Gate M_USDT
SunX M-USDT
Aster MUSDT
BloFin M-USDT
Binance MUSDT
BingX M-USDT
Bitget MUSDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni M | +0.1079% | 4h | 1.3494 | +0.547% | $90K | $16K | — | as long as short |
| KuCoin MUSDTM | +0.1086% | 4h | 1.3300 | −0.903% | $1.3M | $3.4M | 10x | as long as short |
Variational Omni M
KuCoin MUSDTM