Funding you earn now, next payment 12:00 UTC+0.0522%/8h= +57.2% APRnext payment +$2.61 per $10,000 · paid last 24h +0.022%
Price spread now: Bybit against MEXC+0.018%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$339as in the Price arb table
costs, in and out, $10k−$3283.281% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now +0.018%, 7d avg +0.130%
=Funding pays, the price is against you. Bybit is 0.112% cheaper against MEXC than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.130%). If the spread goes back, that is −$11 on $10k: about 17 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.
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 +$2.61 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 | MEXC MIRA_USDT | 0.05444 | 0.0100 | pay 0.0050% / 4h | 2h 57m | $200K | $130K | 20x |
| Short | Bybit MIRAUSDT | 0.05445 | 0.0622 | get 0.0311% / 4h | 2h 57m | $1.1M | $1.0M | 25x |
MEXC MIRA_USDT
Bybit MIRAUSDTFunding 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
- $109.67
- Price spread: +0.018% → +0.130%
- −$11.16
- Slippage, 4 orders
- −$313.06
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$229.55
- Costs to cover
- 3.281%
- Break-even
- 21.7 days
Slippage from MEXC: live order book, 17 min ago; Bybit: live order book, 3 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, 17 min ago | 2.75 bp | 13.5 bp −$14 | 66.0 bp −$660 | 837.4 bp −$83.7K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.58 bp | 88.6 bp −$89 | doesn't fit | doesn't fit | 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 | +0.0060% | 1h | 0.05444 | 0.000% | $5K | $6K | 10x | as long as short |
| Binance MIRAUSDT | +0.0100% | 4h | 0.05443 | −0.020% | $2.5M | $4.9M | 50x | as long as short |
| Gate MIRA_USDT | +0.0100% | 4h | 0.05442 | −0.037% | $247K | $188K | 25x | as long as short |
| MEXC MIRA_USDTlong | +0.0100% | 4h | 0.05444 | long leg | $200K | $130K | 20x | |
| KuCoin MIRAUSDTM | +0.0100% | 4h | 0.05444 | +0.002% | $808K | $34K | 50x | as long as short |
| Bitget MIRAUSDT | +0.0100% | 4h | 0.05444 | 0.000% | $777K | $246K | 20x | as long as short |
| BloFin MIRA-USDT | +0.0121% | 4h | 0.05453 | +0.165% | $237K | $11K | 50x | as long as short |
| Bybit MIRAUSDTshort | +0.0622% | 4h | 0.05445 | +0.018% | $1.1M | $1.0M | 25x |
Kraken Futures PF_MIRAUSD
Binance MIRAUSDT
Gate MIRA_USDT
KuCoin MIRAUSDTM
Bitget MIRAUSDT
BloFin MIRA-USDT