Funding you earn now, next payment 04:00 UTC+0.0190%/8h= +20.8% APRnext payment +$0.95 per $10,000 · paid last 24h +0.114%
Price spread now: Bybit against MEXC−0.057%7-day average +0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$970.974% of the position
Funding, last 7 days+1.090%+$109 on $10k
+Price spread, last 7 days+1.525%+$153 · spread now −0.057%, 7d avg +0.186%
=Funding pays, the price is against you. Bybit is 0.243% cheaper against MEXC than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.186%). If the spread goes back, that is −$24 on $10k: about 4.3 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+1.090% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC T_USDT | 0.005260 | −0.0090 | get 0.0045% / 4h | 1h 16m | $3.2M | $206K | 20x |
| Short | Bybit TUSDT | 0.005257 | 0.0100 | get 0.0050% / 4h | 1h 16m | $1.6M | $1.5M | 25x |
MEXC T_USDT
Bybit TUSDTFunding 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
- $39.9
- Price spread: −0.057% → +0.186%
- −$24.3
- Slippage, 4 orders
- −$82.41
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$81.81
- Costs to cover
- 0.974%
- Break-even
- 21.4 days
Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 5 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, 1 min ago | 0.95 bp | 9.0 bp −$9 | 21.9 bp −$219 | 113.3 bp −$11.3K | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.76 bp | 40.3 bp −$40 | 281.6 bp −$2,816 | doesn't fit | doesn't fit |
T 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.2903% | 1h | 0.005258 | −0.032% | $2K | $2K | 10x | as long as short |
| Variational Omni T | −0.0198% | 4h | 0.005259 | −0.018% | $8K | $9K | — | as long as short |
| Bitget TUSDT | −0.0174% | 4h | 0.005251 | −0.171% | $888K | $497K | 50x | as long as short |
| KuCoin TUSDTM | −0.0130% | 4h | 0.005262 | +0.038% | $1.4M | $79K | 12x | as long as short |
| Gate T_USDT | −0.0102% | 4h | 0.005259 | −0.019% | $217K | $80K | 20x | as long as short |
| MEXC T_USDTlong | −0.0090% | 4h | 0.005260 | long leg | $3.2M | $206K | 20x | |
| Binance TUSDT | −0.0081% | 4h | 0.005261 | +0.019% | $3.4M | $7.4M | 50x | as long as short |
| Bybit TUSDTshort | +0.0100% | 4h | 0.005257 | −0.057% | $1.6M | $1.5M | 25x |
Kraken Futures PF_TUSD
Variational Omni T
Bitget TUSDT
KuCoin TUSDTM
Gate T_USDT
Binance TUSDT