Q

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0496%/8h= +54.3% APRnext payment +$2.48 per $10,000 · paid last 24h −0.081%

Price spread now: MEXC against Bybit+0.142%7-day average +0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1871.869% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.142%, 7d avg +0.169%

Together, before fees+0.200%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.027% cheaper against Bybit than usual: you would sell low and buy high (spread +0.142% now, against its 7-day average of +0.169%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.119% in total) that is about 38 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.119% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.48 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 QUSDT	0.02540	0.0628	pay 0.0314% / 4h	2h 50m	$1.5M	$354K	13x
Short	MEXC Q_USDT	0.02543	0.1124	get 0.0562% / 4h	2h 50m	$122K	$86K	50x

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 +0.142%Rate

Funding earned: $104.2
Price spread: +0.142% → +0.169%: −$2.72
Slippage, 4 orders: −$167.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$85.44
Costs to cover: 1.869%
Break-even: 12.7 days

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 54 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, 1 min ago	3.93 bp	57.9 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 54 min ago	0.39 bp	27.4 bp −$27	56.8 bp −$568	174.4 bp −$17.4K	462.2 bp −$231.1K

Q 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
Gate Q_USDT	+0.0100%	4h	0.02538	−0.063%	$1.2M	$284K	10x	as long as short
KuCoin QUSDTM	+0.0100%	4h	0.02538	−0.071%	$672K	$19K	20x	as long as short
Bitget QUSDT	+0.0100%	4h	0.02537	−0.091%	$2.3M	$125K	20x	as long as short
Variational Omni Q	+0.0486%	4h	0.02540	+0.004%	$613	$2K	—	as long as short
Bybit QUSDTlong	+0.0628%	4h	0.02540	long leg	$1.5M	$354K	13x
BingX Q-USDT	+0.1080%	4h	0.02538	−0.051%	—	$1.3M	—	as long as short
Aster QUSDT	+0.1090%	4h	0.02542	+0.088%	$59K	$52K	5x	as long as short
Binance QUSDT	+0.1121%	4h	0.02543	+0.142%	$7.0M	$1.4M	20x	as long as short
MEXC Q_USDTshort	+0.1124%	4h	0.02543	+0.142%	$122K	$86K	50x
Extended Q-USD	+0.1128%	1h	0.02543	+0.118%	$10K	$166K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin Q-USDT	+0.1148%	4h	0.02542	+0.087%	$380K	$73K	40x	as long as short