Funding you earn now, next payment 00:00 UTC−0.0478%/8h= −52.3% APRnext payment −$2.39 per $10,000 · paid last 24h −0.122%
Price spread now: Bybit against MEXC−0.108%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1631.625% of the position
Funding, last 7 days−0.389%−$39 on $10k
+Price spread, last 4 days (all we have)−0.537%−$54 · spread now −0.108%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.058% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC M_USDT | 1.4790 | 0.0578 | pay 0.0289% / 4h | 2h 51m | $248K | $110K | 50x |
| Short | Bybit MUSDT | 1.4774 | 0.0100 | get 0.0050% / 4h | 2h 51m | $4.7M | $2.3M | 20x |
MEXC M_USDT
Bybit MUSDTFunding 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
- −$100.38
- Price spread: −0.108% → −0.050%
- −$5.8
- Slippage, 4 orders
- −$147.51
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$268.69
- Costs to cover
- 1.625%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 30 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, 30 min ago | 0.34 bp | 30.4 bp −$30 | 47.7 bp −$477 | 131.2 bp −$13.1K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.68 bp | 47.9 bp −$48 | 276.5 bp −$2,765 | doesn't fit | doesn't fit |
M on 12 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 MUSDTshort | +0.0100% | 4h | 1.4774 | −0.108% | $4.7M | $2.3M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4760 | −0.203% | $2.0M | $883K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4809 | +0.128% | $1.9M | $343K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4827 | +0.253% | $91K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4795 | +0.034% | $2K | $139 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4780 | −0.068% | $2K | $536K | 20x | as long as short |
| Aster MUSDT | +0.0345% | 4h | 1.4774 | −0.108% | $15K | $117K | 5x | as long as short |
| BingX M-USDT | +0.0556% | 4h | 1.4783 | −0.047% | — | $2.4M | — | as long as short |
| Binance MUSDT | +0.0576% | 4h | 1.4789 | −0.008% | $5.5M | $4.5M | 10x | as long as short |
| MEXC M_USDTlong | +0.0578% | 4h | 1.4790 | long leg | $248K | $110K | 50x |
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0626% | 4h | 1.4811 | +0.142% | $352K | $405K | 10x | as long as short |
| KuCoin MUSDTM | +0.0922% | 4h | 1.4678 | −0.759% | $1.4M | $4.4M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM