Funding you earn now, next payment 00:00 UTC+0.1484%/8h= +162.5% APRnext payment +$7.42 per $10,000 · paid last 24h +0.132%
Price spread now: Bybit against MEXC−0.012%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$305as in the Funding arb table
Net, price: spread back to 7d avg − costs−$309as in the Price arb table
costs, in and out, $10k−$3173.166% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.012%, 7d avg −0.086%
=Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Bybit is 0.073% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.086%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.118% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.42 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 | MEXC THE_USDT | 0.08024 | 0.0258 | pay 0.0129% / 4h | 27m 29s | $185K | $136K | 50x |
| Short | Bybit THEUSDT | 0.08023 | 0.1742 | get 0.0871% / 4h | 27m 29s | $552K | $338K | 20x |
MEXC THE_USDT
Bybit THEUSDTFunding 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
- $311.63
- Price spread: −0.012% → −0.086%
- $7.34
- Slippage, 4 orders
- −$301.64
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $2.33
- Costs to cover
- 3.166%
- Break-even
- 6.9 days
Slippage from MEXC: live order book, 32 min ago; Bybit: live order book, 43 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, 32 min ago | 1.86 bp | 13.3 bp −$13 | 78.2 bp −$782 | 251.9 bp −$25.2K | doesn't fit |
| Sell Bybit live order book, 43 min ago | 5.61 bp | 148.5 bp −$149 | doesn't fit | 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 | 0.08026 | +0.025% | — | $6.5M | — | as long as short |
| Gate THE_USDT | +0.0100% | 4h | 0.08030 | +0.075% | $65K | $66K | 10x | as long as short |
| Bitget THEUSDT | +0.0100% | 4h | 0.08028 | +0.050% | $399K | $322K | 10x | as long as short |
| Aster THEUSDT | +0.0132% | 4h | 0.08025 | +0.016% | $5K | $7K | 5x | as long as short |
| KuCoin THEUSDTM | +0.0146% | 4h | 0.08026 | +0.025% | $128K | $76K | 10x | as long as short |
| MEXC THE_USDTlong | +0.0258% | 4h | 0.08024 | long leg | $185K | $136K | 50x | |
| Binance THEUSDT | +0.0258% | 4h | 0.08032 | +0.095% | $2.0M | $3.7M | 10x | as long as short |
| BloFin THE-USDT | +0.0294% | 4h | 0.08033 | +0.112% | $131K | $3K | 50x | as long as short |
| Bybit THEUSDTshort | +0.1742% | 4h | 0.08023 | −0.012% | $552K | $338K | 20x |
BingX THE-USDT
Gate THE_USDT
Bitget THEUSDT
Aster THEUSDT
KuCoin THEUSDTM
Binance THEUSDT
BloFin THE-USDT