PIXEL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0205%/8h= −22.4% APRnext payment −$1.02 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.237%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$1921.919% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.237%, 7d avg −0.074%

Together, before fees+0.198%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.163% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 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 PIXELUSDT	0.005484	0.0305	pay 0.0152% / 4h	29m 24s	$528K	$181K	25x
Short	MEXC PIXEL_USDT	0.005471	0.0100	get 0.0050% / 4h	29m 24s	$908K	$210K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee MEXCbpOrdersPrice spread, now −0.237%Rate

Funding earned: −$43.02
Price spread: −0.237% → −0.074%: −$16.32
Slippage, 4 orders: −$176.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$251.26
Costs to cover: 1.919%
Break-even: never at this rate

Slippage from Bybit: live order book, 21 min ago; MEXC: live order book, 21 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, 21 min ago	6.45 bp	86.2 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 21 min ago	4.61 bp	11.6 bp −$12	56.3 bp −$563	411.0 bp −$41.1K	doesn't fit

PIXEL on 11 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
Aster PIXELUSDT	+0.0100%	4h	0.005472	−0.213%	$4K	$4K	5x	as long as short
Binance PIXELUSDT	+0.0100%	4h	0.005473	−0.201%	$1.8M	$1.7M	25x	as long as short
Gate PIXEL_USDT	+0.0100%	4h	0.005476	−0.146%	$154K	$39K	50x	as long as short
MEXC PIXEL_USDTshort	+0.0100%	4h	0.005471	−0.237%	$908K	$210K	20x
KuCoin PIXELUSDTM	+0.0100%	4h	0.005473	−0.201%	$359K	$65K	25x	as long as short
Bitget PIXELUSDT	+0.0100%	4h	0.005474	−0.182%	$585K	$382K	25x	as long as short
Variational Omni PIXEL	+0.0100%	4h	0.005474	−0.191%	$1K	$254	—	as long as short
BloFin PIXEL-USDT	+0.0125%	4h	0.005466	−0.328%	$115K	$9K	50x	as long as short
BingX PIXEL-USDT	+0.0298%	4h	0.005478	−0.109%	—	$1.3M	—	as long as short
Bybit PIXELUSDTlong	+0.0305%	4h	0.005484	long leg	$528K	$181K	25x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PIXELUSD	+0.9166%	1h	0.005481	−0.060%	$5K	$1K	10x	as long as short