Funding you earn now, next payment 08:00 UTC+0.0436%/8h= +47.8% APRnext payment +$2.18 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against MEXC+0.037%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2692.686% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.037%, 7d avg +0.062%
=Funding pays, the price is against you. Bybit is 0.025% cheaper against MEXC than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.062%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.188% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.18 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 SHELL_USDT | 0.02700 | 0.0126 | pay 0.0063% / 4h | 1h 49m | $280K | $143K | 50x |
| Short | Bybit SHELLUSDT | 0.02701 | 0.0562 | get 0.0281% / 4h | 1h 49m | $509K | $216K | 13x |
MEXC SHELL_USDT
Bybit SHELLUSDTFunding 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
- $91.63
- Price spread: +0.037% → +0.062%
- −$2.49
- Slippage, 4 orders
- −$253.62
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$179.48
- Costs to cover
- 2.686%
- Break-even
- 20.7 days
Slippage from MEXC: live order book, 41 min ago; Bybit: live order book, 51 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, 41 min ago | 3.72 bp | 19.8 bp −$20 | 94.8 bp −$948 | 163.3 bp −$16.3K | 427.6 bp −$213.8K |
| Sell Bybit live order book, 51 min ago | 9.20 bp | 105.1 bp −$105 | doesn't fit | doesn't fit | doesn't fit |
SHELL 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SHELLUSDT | +0.0100% | 4h | 0.02699 | −0.037% | $1K | $10K | 5x | as long as short |
| OKX SHELL-USDT-SWAP | +0.0100% | 4h | 0.02711 | +0.407% | $171K | $462K | 10x | as long as short |
| Gate SHELL_USDT | +0.0100% | 4h | 0.02708 | +0.296% | $411K | $207K | 10x | as long as short |
| KuCoin SHELLUSDTM | +0.0100% | 4h | 0.02704 | +0.148% | $342K | $35K | 10x | as long as short |
| Variational Omni SHELL | +0.0100% | 4h | 0.02693 | −0.257% | $1K | $1K | — | as long as short |
| MEXC SHELL_USDTlong | +0.0126% | 4h | 0.02700 | long leg | $280K | $143K | 50x | |
| Binance SHELLUSDT | +0.0127% | 4h | 0.02702 | +0.089% | $2.1M | $2.9M | 10x | as long as short |
| Bybit SHELLUSDTshort | +0.0562% | 4h | 0.02701 | +0.037% | $509K | $216K | 13x | |
| BingX SHELL-USDT | +0.1130% | 4h | 0.02705 | +0.185% | — | $6.5M | — | as long as short |
| Bitget SHELLUSDT | +0.1220% | 4h | 0.02706 | +0.222% | $568K | $247K | 10x | as long as short |
Aster SHELLUSDT
OKX SHELL-USDT-SWAP
Gate SHELL_USDT
KuCoin SHELLUSDTM
Variational Omni SHELL
Binance SHELLUSDT
BingX SHELL-USDT
Bitget SHELLUSDT