Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC+0.182%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$278as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2782.780% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.182%, 7d avg +0.046%
=The price spread pays, funding is against you. Bybit is 0.137% dearer against MEXC than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of +0.046%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 7 days (−0.002% in total) that is about 20 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NEX_USDT | 0.000001096 | 0.1204 | pay 0.0602% / 4h | 2h 39m | $120K | $96K | 20x |
| Short | Bybit 10000NEXUSDT | 0.000001098 | 0.1150 | get 0.0575% / 4h | 2h 39m | $366K | $48K | 10x |
MEXC NEX_USDT
Bybit 10000NEXUSDTFunding 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
- −$11.24
- Price spread: +0.182% → +0.046%
- $13.66
- Slippage, 4 orders
- −$263.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$275.6
- Costs to cover
- 2.780%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 46 min ago; Bybit: live order book, just now.
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, 46 min ago | 9.18 bp | 87.7 bp −$88 | 227.8 bp −$2,278 | 861.7 bp −$86.2K | 30260.5 bp −$15.13M |
| Sell Bybit live order book, just now | 9.12 bp | 74.7 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
NEX on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 10000NEX-USDT | +0.0070% | 4h | 0.000001097 | +0.091% | — | $1.6M | — | as long as short |
| Aster 1000NEXUSDT | +0.0100% | 1h | 0.000001083 | −1.185% | $2K | $918 | 3x | as long as short |
| KuCoin NEXUSDTM | +0.0100% | 4h | 0.000001096 | 0.000% | $167K | $636K | 10x | as long as short |
| Bitget 10000NEXUSDT | +0.0100% | 4h | 0.000001099 | +0.274% | $121K | $42K | 20x | as long as short |
| Bybit 10000NEXUSDTshort | +0.1150% | 4h | 0.000001098 | +0.182% | $366K | $48K | 10x | |
| MEXC NEX_USDTlong | +0.1204% | 4h | 0.000001096 | long leg | $120K | $96K | 20x |
BingX 10000NEX-USDT
Aster 1000NEXUSDT
KuCoin NEXUSDTM
Bitget 10000NEXUSDT