Funding you earn now, next payment 12:00 UTC−0.0201%/8h= −22.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.020%
Price spread now: MEXC against Bybit−0.145%7-day average −0.161% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1211.206% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.145%, 7d avg −0.161%
=The price spread sits at its 7-day average of −0.161%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STOUSDT | 0.04146 | 0.0301 | pay 0.0150% / 4h | 11m 09s | $709K | $252K | 13x |
| Short | MEXC STO_USDT | 0.04140 | 0.0100 | get 0.0050% / 4h | 11m 09s | $756K | $102K | 50x |
Bybit STOUSDT
MEXC STO_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
- −$42.13
- Price spread: −0.145% → −0.161%
- $1.61
- Slippage, 4 orders
- −$109.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$161.11
- Costs to cover
- 1.206%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 27 min ago; MEXC: live order book, 22 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, 27 min ago | 6.03 bp | 45.9 bp −$46 | 226.9 bp −$2,269 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 22 min ago | 1.21 bp | 14.3 bp −$14 | 73.3 bp −$733 | 261.7 bp −$26.2K | doesn't fit |
STO on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate STO_USDT | −0.0012% | 4h | 0.04144 | −0.048% | $242K | $109K | 25x | as long as short |
| Aster STOUSDT | +0.0100% | 4h | 0.04142 | −0.105% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04139 | −0.160% | $3.4M | $1.3M | 20x | as long as short |
| MEXC STO_USDTshort | +0.0100% | 4h | 0.04140 | −0.145% | $756K | $102K | 50x | |
| Bitget STOUSDT | +0.0188% | 4h | 0.04147 | +0.024% | $321K | $21K | 10x | as long as short |
| BingX STO-USDT | +0.0274% | 4h | 0.04142 | −0.096% | — | $6.5M | — | as long as short |
| Variational Omni STO | +0.0281% | 4h | 0.04152 | +0.140% | $4K | $12 | — | as long as short |
| Bybit STOUSDTlong | +0.0301% | 4h | 0.04146 | long leg | $709K | $252K | 13x | |
| KuCoin STOUSDTM | +0.0596% | 4h | 0.04144 | −0.048% | $988K | $14K | 25x | as long as short |
Gate STO_USDT
Aster STOUSDT
Binance STOUSDT
Bitget STOUSDT
BingX STO-USDT
Variational Omni STO
KuCoin STOUSDTM