Funding you earn now, next payment 04:00 UTC−0.1082%/8h= −118.5% APRnext payment −$5.41 per $10,000 · paid last 24h −0.203%
Price spread now: MEXC against Bybit−0.063%7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$382as in the Funding arb table
Net, price: spread back to 7d avg − costs−$378as in the Price arb table
costs, in and out, $10k−$3643.635% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.145%+$14 · spread now −0.063%, 7d avg +0.085%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and MEXC is 0.148% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.085%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.189% in total (about -9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.41 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 THEUSDT | 0.07962 | 0.1570 | pay 0.0785% / 4h | 2h 49m | $545K | $346K | 20x |
| Short | MEXC THE_USDT | 0.07957 | 0.0488 | get 0.0244% / 4h | 2h 49m | $178K | $135K | 50x |
Bybit THEUSDT
MEXC THE_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
- −$227.22
- Price spread: −0.063% → +0.085%
- −$14.78
- Slippage, 4 orders
- −$348.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$605.54
- Costs to cover
- 3.635%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 11 min ago; MEXC: live order book, 56 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, 11 min ago | 5.65 bp | 162.9 bp −$163 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 56 min ago | 3.71 bp | 14.4 bp −$14 | 75.5 bp −$755 | doesn't fit | doesn't fit |
THE on 9 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 THE-USDT | +0.0070% | 4h | 0.07955 | −0.088% | — | $6.5M | — | as long as short |
| Bitget THEUSDT | +0.0102% | 4h | 0.07964 | +0.025% | $392K | $331K | 10x | as long as short |
| Gate THE_USDT | +0.0162% | 4h | 0.07960 | −0.025% | $65K | $68K | 10x | as long as short |
| Aster THEUSDT | +0.0353% | 4h | 0.07935 | −0.342% | $5K | $7K | 5x | as long as short |
| KuCoin THEUSDTM | +0.0382% | 4h | 0.07966 | +0.050% | $116K | $82K | 10x | as long as short |
| BloFin THE-USDT | +0.0467% | 4h | 0.07923 | −0.490% | $129K | $4K | 50x | as long as short |
| MEXC THE_USDTshort | +0.0488% | 4h | 0.07957 | −0.063% | $178K | $135K | 50x | |
| Binance THEUSDT | +0.0502% | 4h | 0.07957 | −0.063% | $2.0M | $3.8M | 10x | as long as short |
| Bybit THEUSDTlong | +0.1570% | 4h | 0.07962 | long leg | $545K | $346K | 20x |
BingX THE-USDT
Bitget THEUSDT
Gate THE_USDT
Aster THEUSDT
KuCoin THEUSDTM
BloFin THE-USDT
Binance THEUSDT