Funding you earn now, next payment 00:00 UTC−0.0581%/8h= −63.6% APRnext payment −$2.91 per $10,000 · paid last 24h +0.110%
Price spread now: Bybit against MEXC−0.080%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1941.940% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.154%−$15 · spread now −0.080%, 7d avg −0.170%
=The price spread pays, funding is against you. Bybit is 0.090% dearer against MEXC than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.170%): +$9 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.090% in total) that is about 7.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.91 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 Q_USDT | 0.02505 | 0.1200 | pay 0.0600% / 4h | 27m 50s | $122K | $87K | 50x |
| Short | Bybit QUSDT | 0.02503 | 0.0619 | get 0.0309% / 4h | 27m 50s | $1.5M | $359K | 13x |
MEXC Q_USDT
Bybit QUSDTFunding 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
- −$122.02
- Price spread: −0.080% → −0.170%
- $9.05
- Slippage, 4 orders
- −$175.01
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$306.99
- Costs to cover
- 1.940%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 30 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, 30 min ago | 0.20 bp | 28.6 bp −$29 | 59.5 bp −$595 | 202.8 bp −$20.3K | 549.6 bp −$274.8K |
| Sell Bybit live order book, 3 min ago | 2.00 bp | 69.9 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.02500 | −0.196% | $1.2M | $292K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02499 | −0.251% | $661K | $20K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02498 | −0.275% | $2.2M | $134K | 20x | as long as short |
| Variational Omni Q | +0.0100% | 4h | 0.02501 | −0.155% | $2K | $1K | — | as long as short |
| Bybit QUSDTshort | +0.0619% | 4h | 0.02503 | −0.080% | $1.5M | $359K | 13x | |
| Aster QUSDT | +0.0737% | 4h | 0.02505 | −0.008% | $58K | $52K | 5x | as long as short |
| BingX Q-USDT | +0.1142% | 4h | 0.02504 | −0.048% | — | $1.3M | — | as long as short |
| BloFin Q-USDT | +0.1160% | 4h | 0.02506 | +0.048% | $372K | $74K | 40x | as long as short |
| MEXC Q_USDTlong | +0.1200% | 4h | 0.02505 | long leg | $122K | $87K | 50x | |
| Binance QUSDT | +0.1207% | 4h | 0.02505 | +0.007% | $6.9M | $1.4M | 20x | as long as short |
Gate Q_USDT
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Aster QUSDT
BingX Q-USDT
BloFin Q-USDT
Binance QUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended Q-USD | +0.1208% | 1h | 0.02505 | −0.022% | $8K | $168K | 5x | as long as short |
Extended Q-USD