Funding you earn now, next payment 04:00 UTC+0.0946%/8h= +103.6% APRnext payment +$4.73 per $10,000 · paid last 24h +0.215%
Price spread now: MEXC against Bybit−0.037%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2002.001% of the position
Funding, last 7 days+0.801%+$80 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.037%, 7d avg −0.013%
=Funding pays, the price is against you. MEXC is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.013%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.801% in total) that is about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SONICUSDT | 0.02681 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $1.0M | $968K | 25x |
| Short | MEXC SONIC_USDT | 0.02680 | 0.1046 | get 0.0523% / 4h | 1h 14m | $872K | $132K | 50x |
Bybit SONICUSDT
MEXC SONIC_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $198.66
- Price spread: −0.037% → −0.013%
- −$2.42
- Slippage, 4 orders
- −$185.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$3.82
- Costs to cover
- 2.001%
- Break-even
- 7.1 days
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 41 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 | 5.60 bp | 73.8 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 41 min ago | 3.76 bp | 28.4 bp −$28 | 156.9 bp −$1,569 | 351.3 bp −$35.1K | 651.0 bp −$325.5K |
SONIC on 8 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 SONICUSDTlong | +0.0100% | 4h | 0.02681 | long leg | $1.0M | $968K | 25x | |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02681 | 0.000% | $132K | $96K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02683 | +0.074% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0206% | 4h | 0.02680 | −0.037% | $419K | $448K | 10x | as long as short |
| KuCoin SONICUSDTM | +0.0630% | 4h | 0.02676 | −0.186% | $496K | $24K | 10x | as long as short |
| Binance SONICUSDT | +0.1039% | 4h | 0.02681 | +0.001% | $1.4M | $2.2M | 10x | as long as short |
| BloFin SONIC-USDT | +0.1043% | 4h | 0.02683 | +0.075% | $132K | $4K | 10x | as long as short |
| MEXC SONIC_USDTshort | +0.1046% | 4h | 0.02680 | −0.037% | $872K | $132K | 50x |
Gate SONIC_USDT
Variational Omni SONIC
Bitget SONICUSDT
KuCoin SONICUSDTM
Binance SONICUSDT
BloFin SONIC-USDT