Funding you earn now, next payment 08:00 UTC−0.0554%/8h= −60.6% APRnext payment −$2.77 per $10,000 · paid last 24h −0.575%
Price spread now: MEXC against Bybit+0.225%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$2112.106% of the position
Funding, last 7 days−0.543%−$54 on $10k
+Price spread, last 4 days (all we have)−0.339%−$34 · spread now +0.225%, 7d avg −0.043%
=The price spread pays, funding is against you. MEXC is 0.268% dearer against Bybit than usual: you sell high and buy low (spread +0.225% now, against its 7-day average of −0.043%): +$27 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.543% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STEEMUSDT | 0.05768 | 0.0654 | pay 0.0327% / 4h | 1h 59m | $1.2M | $1.0M | 13x |
| Short | MEXC STEEM_USDT | 0.05781 | 0.0100 | get 0.0050% / 4h | 1h 59m | $423K | $128K | 20x |
Bybit STEEMUSDT
MEXC STEEM_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
- −$116.28
- Price spread: +0.225% → −0.043%
- $26.8
- Slippage, 4 orders
- −$191.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$300.09
- Costs to cover
- 2.106%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 32 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 | 4.33 bp | 89.6 bp −$90 | 209.3 bp −$2,093 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 32 min ago | 0.87 bp | 13.2 bp −$13 | 96.7 bp −$967 | 147.7 bp −$14.8K | doesn't fit |
STEEM 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDT | +0.0070% | 4h | 0.05777 | +0.156% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05780 | +0.201% | $16K | $11K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05781 | +0.230% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDTshort | +0.0100% | 4h | 0.05781 | +0.225% | $423K | $128K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05776 | +0.139% | $430K | $96K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05784 | +0.277% | $485K | $289K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05769 | +0.025% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05779 | +0.191% | $37K | $44K | 20x | as long as short |
| Gate STEEM_USDT | +0.0582% | 4h | 0.05785 | +0.295% | $284K | $105K | 20x | as long as short |
| Bybit STEEMUSDTlong | +0.0654% | 4h | 0.05768 | long leg | $1.2M | $1.0M | 13x |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.5137% | 1h | 0.05794 | +0.457% | $8K | $6K | 10x | as long as short |
Kraken Futures PF_STEEMUSD