Funding you earn now, next payment 04:00 UTC−0.0254%/8h= −27.8% APRnext payment −$1.27 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against MEXC−0.044%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$421as in the Funding arb table
Net, price: spread back to 7d avg − costs−$404as in the Price arb table
costs, in and out, $10k−$4204.205% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.276%−$28 · spread now −0.044%, 7d avg −0.206%
=The price spread pays, funding is against you. Bybit is 0.161% dearer against MEXC than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.206%): +$16 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.001% in total) that is about years.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.27 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 RECALL_USDT | 0.04514 | 0.0354 | pay 0.0177% / 4h | 3h 40m | $455K | $128K | 50x |
| Short | Bybit RECALLUSDT | 0.04512 | 0.0100 | get 0.0050% / 4h | 3h 40m | $750K | $244K | 25x |
MEXC RECALL_USDT
Bybit RECALLUSDTFunding 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
- −$53.34
- Price spread: −0.044% → −0.206%
- $16.12
- Slippage, 4 orders
- −$405.48
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$457.7
- Costs to cover
- 4.205%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 24 min ago; Bybit: live order book, 29 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, 24 min ago | 4.44 bp | 24.5 bp −$24 | 111.0 bp −$1,110 | 938.5 bp −$93.8K | doesn't fit |
| Sell Bybit live order book, 29 min ago | 5.58 bp | 173.5 bp −$173 | doesn't fit | doesn't fit | doesn't fit |
RECALL 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit RECALLUSDTshort | +0.0100% | 4h | 0.04512 | −0.044% | $750K | $244K | 25x | |
| Gate RECALL_USDT | +0.0100% | 4h | 0.04503 | −0.244% | $61K | $16K | 25x | as long as short |
| Bitget RECALLUSDT | +0.0100% | 4h | 0.04506 | −0.177% | $703K | $112K | 25x | as long as short |
| Variational Omni RECALL | +0.0100% | 4h | 0.04508 | −0.137% | $6K | $715 | — | as long as short |
| MEXC RECALL_USDTlong | +0.0354% | 4h | 0.04514 | long leg | $455K | $128K | 50x | |
| Binance RECALLUSDT | +0.0374% | 4h | 0.04513 | −0.021% | $1.4M | $876K | 40x | as long as short |
| Extended RECALL-USD | +0.0376% | 1h | 0.04515 | +0.019% | $2K | $165K | 5x | as long as short |
| BingX RECALL-USDT | +0.0448% | 4h | 0.04517 | +0.066% | — | $6.5M | — | as long as short |
| OKX RECALL-USDT-SWAP | +0.0510% | 4h | 0.04509 | −0.111% | $126K | $198K | 10x | as long as short |
| KuCoin RECALLUSDTM | +0.0818% | 4h | 0.04518 | +0.089% | $578K | $851K | 40x | as long as short |
Gate RECALL_USDT
Bitget RECALLUSDT
Variational Omni RECALL
Binance RECALLUSDT
Extended RECALL-USD
BingX RECALL-USDT
OKX RECALL-USDT-SWAP
KuCoin RECALLUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RECALLUSDT | +0.1249% | 4h | 0.04500 | −0.313% | $19K | $20K | 5x | as long as short |
Aster RECALLUSDT