Funding you earn now, next payment 08:00 UTC−0.0444%/8h= −48.6% APRnext payment −$2.22 per $10,000 · paid last 24h −0.075%
Price spread now: Bybit against MEXC−0.286%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$374as in the Funding arb table
Net, price: spread back to 7d avg − costs−$426as in the Price arb table
costs, in and out, $10k−$4014.006% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 7 days+0.217%+$22 · spread now −0.286%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.251% cheaper against MEXC than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.263%, 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 0.263% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.22 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 PTB_USDT | 0.0009796 | 0.0544 | pay 0.0272% / 4h | 44m 52s | $294K | $518K | 20x |
| Short | Bybit PTBUSDT | 0.0009768 | 0.0100 | get 0.0050% / 4h | 44m 52s | $1.4M | $14.9M | 25x |
MEXC PTB_USDT
Bybit PTBUSDTFunding 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
- −$93.24
- Price spread: −0.286% → −0.035%
- −$25.1
- Slippage, 4 orders
- −$381.57
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$518.91
- Costs to cover
- 4.006%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 55 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, 55 min ago | 3.87 bp | 37.7 bp −$38 | 83.4 bp −$834 | 273.9 bp −$27.4K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.13 bp | 181.7 bp −$182 | 639.9 bp −$6,399 | doesn't fit | doesn't fit |
PTB on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PTBUSDTshort | +0.0100% | 4h | 0.0009768 | −0.286% | $1.4M | $14.9M | 25x | |
| Variational Omni PTB | +0.0100% | 4h | 0.0009797 | +0.006% | $28K | $60K | — | as long as short |
| Gate PTB_USDT | +0.0288% | 4h | 0.0009770 | −0.265% | $1.6M | $3.5M | 25x | as long as short |
| BloFin PTB-USDT | +0.0488% | 4h | 0.0009820 | +0.245% | $394K | $293K | 20x | as long as short |
| BingX PTB-USDT | +0.0522% | 4h | 0.0009776 | −0.204% | — | $1.9M | — | as long as short |
| Extended kPTB-USD | +0.0544% | 1h | 0.0009815 | +0.197% | $3K | $16K | 5x | as long as short |
| MEXC PTB_USDTlong | +0.0544% | 4h | 0.0009796 | long leg | $294K | $518K | 20x | |
| Binance PTBUSDT | +0.0545% | 4h | 0.0009776 | −0.204% | $6.7M | $87.8M | 20x | as long as short |
| KuCoin PTBUSDTM | +0.0612% | 4h | 0.0009812 | +0.163% | $1.5M | $5.9M | 20x | as long as short |
| Aster PTBUSDT | +0.0715% | 4h | 0.0009776 | −0.207% | $69K | $673K | 5x | as long as short |
Variational Omni PTB
Gate PTB_USDT
BloFin PTB-USDT
BingX PTB-USDT
Extended kPTB-USD
Binance PTBUSDT
KuCoin PTBUSDTM
Aster PTBUSDT