SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0266%/8h= +29.1% APRnext payment +$1.33 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.064%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 7 days+0.164%+$16 · spread now −0.064%, 7d avg +0.034%

Together, before fees+0.291%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.098% cheaper against Bybit than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.034%). If the spread goes back, that is −$10 on $10k: about 29 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.127% in total) that is about 5.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.127% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.33 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 SPKUSDT	0.02171	−0.0166	get 0.0083% / 4h	3h 59m	$1.8M	$2.3M	25x
Short	MEXC SPK_USDT	0.02170	0.0100	get 0.0050% / 4h	3h 59m	$2.1M	$654K	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

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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 −0.064%Rate

Funding earned: $55.81
Price spread: −0.064% → +0.034%: −$9.8
Slippage, 4 orders: −$86.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$55.25
Costs to cover: 1.013%
Break-even: 13.9 days

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	4.61 bp	50.7 bp −$51	190.0 bp −$1,900	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.31 bp	7.3 bp −$7	38.5 bp −$385	203.3 bp −$20.3K	472.5 bp −$236.2K

SPK on 14 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 SPKUSDTlong	−0.0166%	4h	0.02171	long leg	$1.8M	$2.3M	25x
Gate SPK_USDT	−0.0094%	4h	0.02173	+0.074%	$146K	$152K	50x	as long as short
BloFin SPK-USDT	+0.0099%	4h	0.02169	−0.111%	$188K	$21K	50x	as long as short
Aster SPKUSDT	+0.0100%	4h	0.02175	+0.164%	$19K	$81K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02171	−0.018%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02172	+0.028%	$742K	$2.1M	20x	as long as short
MEXC SPK_USDTshort	+0.0100%	4h	0.02170	−0.064%	$2.1M	$654K	50x
Bitget SPKUSDT	+0.0100%	4h	0.02171	−0.018%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02172	+0.028%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02170	−0.055%	$171K	$82K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02219	+2.192%	$906	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02170	−0.045%	$4K	$197K	5x	as long as short
KuCoin SPKUSDTM	+0.0698%	4h	0.02179	+0.350%	$1.1M	$453K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2405%	1h	0.02195	+1.088%	$23K	$25K	10x	as long as short