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: Bybit against Binance−0.079%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1011.010% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.079%, 7d avg −0.077%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEWUSDT | 0.0004668 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $1.1M | $2.6M | 50x |
| Short | Bybit MEWUSDT | 0.0004664 | 0.0100 | get 0.0050% / 4h | 1h 11m | $1.5M | $1.0M | 25x |
Binance MEWUSDT
Bybit MEWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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: −0.079% → −0.077%
- −$0.2
- Slippage, 4 orders
- −$79.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$101.18
- Costs to cover
- 1.010%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: 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 Binance live order book, 9 min ago | 2.14 bp | 18.4 bp −$18 | 180.8 bp −$1,808 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 6.42 bp | 31.7 bp −$32 | 71.2 bp −$712 | doesn't fit | doesn't fit |
MEW 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MEW/USD [WBTC.b-USDC] | L 0.0000% / S 0.0000% | 1h | 0.0004660 | −0.165% | — | — | 100x | as long as short |
| Injective MEW/USDC PERP | +0.0033% | 1h | 0.0004219 | −9.613% | $46 | $14K | 5.5x | as long as short |
| Binance MEWUSDTlong | +0.0100% | 4h | 0.0004668 | long leg | $1.1M | $2.6M | 50x | |
| Bybit MEWUSDTshort | +0.0100% | 4h | 0.0004664 | −0.079% | $1.5M | $1.0M | 25x | |
| OKX MEW-USDT-SWAP | +0.0100% | 4h | 0.0004663 | −0.101% | $524K | $662K | 20x | as long as short |
| Gate MEW_USDT | +0.0100% | 4h | 0.0004663 | −0.101% | $124K | $75K | 50x | as long as short |
| MEXC MEW_USDT | +0.0100% | 4h | 0.0004668 | +0.006% | $386K | $172K | 125x | as long as short |
| KuCoin MEWUSDTM | +0.0100% | 4h | 0.0004670 | +0.049% | $352K | $111K | 30x | as long as short |
| Bitget MEWUSDT | +0.0100% | 4h | 0.0004668 | +0.006% | $486K | $353K | 50x | as long as short |
| BingX MEW-USDT | +0.0100% | 4h | 0.0004670 | +0.049% | — | $24.2M | — | as long as short |
GMX MEW/USD [WBTC.b-USDC]
Injective MEW/USDC PERP
OKX MEW-USDT-SWAP
Gate MEW_USDT
MEXC MEW_USDT
KuCoin MEWUSDTM
Bitget MEWUSDT
BingX MEW-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MEW | +0.0100% | 4h | 0.0004669 | +0.026% | $82K | $32K | — | as long as short |
| Kraken Futures PF_MEWUSD | +0.0438% | 1h | 0.0004681 | +0.278% | $93K | $130K | 10x | as long as short |
Variational Omni MEW
Kraken Futures PF_MEWUSD