Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against MEXC+0.177%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$2082.080% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.177%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.170% dearer against MEXC than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PUFFER_USDT | 0.02889 | −0.0184 | get 0.0184% / 8h | 6h 06m | $228K | $211K | 20x |
| Short | Bybit PUFFERUSDT | 0.02894 | −0.0172 | pay 0.0172% / 8h | 6h 06m | $723K | $2.9M | 5x |
MEXC PUFFER_USDT
Bybit PUFFERUSDTFunding 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
- $2.48
- Price spread: +0.177% → +0.007%
- $16.98
- Slippage, 4 orders
- −$193
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$188.54
- Costs to cover
- 2.080%
- Break-even
- 538.7 days
Slippage from MEXC: live order book, 43 min ago; Bybit: live order book, 1 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, 43 min ago | 13.68 bp | 53.2 bp −$53 | 166.6 bp −$1,666 | 210.9 bp −$21.1K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 8.63 bp | 40.4 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
PUFFER on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PUFFER | −0.0654% | 8h | 0.02882 | −0.225% | $7K | $41K | — | as long as short |
| MEXC PUFFER_USDTlong | −0.0184% | 8h | 0.02889 | long leg | $228K | $211K | 20x | |
| Bybit PUFFERUSDTshort | −0.0172% | 8h | 0.02894 | +0.177% | $723K | $2.9M | 5x |
Variational Omni PUFFER