Funding you earn now, next payment 00:00 UTC+0.1925%/8h= +210.8% APRnext payment +$9.63 per $10,000 · paid last 24h +0.420%
Price spread now: Bybit against MEXC−0.268%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1131.134% of the position
Funding, last 7 days+0.340%+$34 on $10k
+Price spread, last 4 days (all we have)+0.354%+$35 · spread now −0.268%, 7d avg +0.002%
=Funding pays, the price is against you. Bybit is 0.270% cheaper against MEXC than usual: you would sell low and buy high (spread −0.268% now, against its 7-day average of +0.002%). If the spread goes back, that is −$27 on $10k: about 11 hours of funding at the current rate (+$58 a day). At the pace of the last 7 days (+0.340% in total) that is about 5.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.340% in total (about 17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.63 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 ONT_USDT | 0.05600 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $1.4M | $137K | 50x |
| Short | Bybit ONTUSDT | 0.05585 | 0.2025 | get 0.1013% / 4h | 2h 44m | $797K | $319K | 25x |
MEXC ONT_USDT
Bybit ONTUSDTFunding 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
- $404.33
- Price spread: −0.268% → +0.002%
- −$27.03
- Slippage, 4 orders
- −$98.43
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $263.88
- Costs to cover
- 1.134%
- Break-even
- 2.4 days
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 40 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, 2 min ago | 1.79 bp | 11.9 bp −$12 | 26.8 bp −$268 | 585.4 bp −$58.5K | doesn't fit |
| Sell Bybit live order book, 40 min ago | 3.58 bp | 45.7 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
ONT 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ONTUSD | −0.0088% | 1h | 0.05600 | −0.003% | $9K | $231 | 10x | as long as short |
| BloFin ONT-USDT | +0.0085% | 4h | 0.05602 | +0.036% | $132K | $25K | 50x | as long as short |
| Aster ONTUSDT | +0.0100% | 4h | 0.05605 | +0.088% | $26K | $388 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05600 | −0.003% | $2.4M | $2.7M | 50x | as long as short |
| OKX ONT-USDT-SWAP | +0.0100% | 4h | 0.05591 | −0.161% | $802K | $869K | 20x | as long as short |
| Gate ONT_USDT | +0.0100% | 4h | 0.05602 | +0.036% | $172K | $60K | 50x | as long as short |
| MEXC ONT_USDTlong | +0.0100% | 4h | 0.05600 | long leg | $1.4M | $137K | 50x | |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05603 | +0.054% | $521K | $54K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05597 | −0.054% | $805K | $323K | 50x | as long as short |
| Variational Omni ONT | +0.1880% | 4h | 0.05586 | −0.258% | $4K | $3K | — | as long as short |
Kraken Futures PF_ONTUSD
BloFin ONT-USDT
Aster ONTUSDT
Binance ONTUSDT
OKX ONT-USDT-SWAP
Gate ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONTUSDTshort | +0.2025% | 4h | 0.05585 | −0.268% | $797K | $319K | 25x | |
| BingX ONT-USDT | +0.2252% | 4h | 0.05596 | −0.071% | — | $2.3M | — | as long as short |
BingX ONT-USDT