Funding you earn now, next payment 12:00 UTC−0.0367%/8h= −40.1% APRnext payment −$1.83 per $10,000 · paid last 24h −0.022%
Price spread now: MEXC against Bybit−0.220%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$327as in the Funding arb table
Net, price: spread back to 7d avg − costs−$341as in the Price arb table
costs, in and out, $10k−$3323.323% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.220%, 7d avg −0.130%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and MEXC is 0.090% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.130%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.83 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 MIRAUSDT | 0.05443 | 0.0467 | pay 0.0233% / 4h | 3h 43m | $1.1M | $1.1M | 25x |
| Short | MEXC MIRA_USDT | 0.05431 | 0.0100 | get 0.0050% / 4h | 3h 43m | $206K | $131K | 20x |
Bybit MIRAUSDT
MEXC MIRA_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
- −$76.98
- Price spread: −0.220% → −0.130%
- −$9.05
- Slippage, 4 orders
- −$317.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$418.33
- Costs to cover
- 3.323%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 36 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, 2 min ago | 4.60 bp | 218.4 bp −$218 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 36 min ago | 1.85 bp | 12.7 bp −$13 | 51.7 bp −$517 | 734.3 bp −$73.4K | doesn't fit |
MIRA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MIRAUSD | −0.0072% | 1h | 0.05432 | −0.206% | $5K | $6K | 10x | as long as short |
| BloFin MIRA-USDT | +0.0076% | 4h | 0.05434 | −0.165% | $236K | $11K | 50x | as long as short |
| Binance MIRAUSDT | +0.0100% | 4h | 0.05432 | −0.211% | $2.5M | $5.1M | 50x | as long as short |
| Gate MIRA_USDT | +0.0100% | 4h | 0.05427 | −0.294% | $245K | $188K | 25x | as long as short |
| MEXC MIRA_USDTshort | +0.0100% | 4h | 0.05431 | −0.220% | $206K | $131K | 20x | |
| KuCoin MIRAUSDTM | +0.0100% | 4h | 0.05426 | −0.316% | $808K | $38K | 50x | as long as short |
| Bitget MIRAUSDT | +0.0100% | 4h | 0.05435 | −0.147% | $776K | $258K | 20x | as long as short |
| Bybit MIRAUSDTlong | +0.0467% | 4h | 0.05443 | long leg | $1.1M | $1.1M | 25x |
Kraken Futures PF_MIRAUSD
BloFin MIRA-USDT
Binance MIRAUSDT
Gate MIRA_USDT
KuCoin MIRAUSDTM
Bitget MIRAUSDT