Funding you earn now, next payment 12:00 UTC−0.0548%/8h= −60.0% APRnext payment −$2.74 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC0.000%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$488as in the Funding arb table
Net, price: spread back to 7d avg − costs−$498as in the Price arb table
costs, in and out, $10k−$4884.879% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg +0.097%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.097% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.097%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.74 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 TMX_USDT | 0.02106 | 0.6242 | pay 0.3121% / 4h | 3h 39m | $294K | $398K | 20x |
| Short | Bybit TMXUSDT | 0.02106 | 0.5694 | get 0.2847% / 4h | 3h 39m | $904K | $836K | 20x |
MEXC TMX_USDT
Bybit TMXUSDTFunding 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
- −$115.11
- Price spread: 0.000% → +0.097%
- −$9.74
- Slippage, 4 orders
- −$472.9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$612.75
- Costs to cover
- 4.879%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 41 min ago; Bybit: live order book, 55 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, 41 min ago | 7.11 bp | 119.3 bp −$119 | 177.5 bp −$1,775 | 552.0 bp −$55.2K | doesn't fit |
| Sell Bybit live order book, 55 min ago | 9.41 bp | 120.5 bp −$120 | 856.2 bp −$8,562 | doesn't fit | doesn't fit |
TMX on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TMXUSDT | +0.2058% | 1h | 0.02102 | −0.191% | $48K | $54K | 5x | as long as short |
| Bybit TMXUSDTshort | +0.5694% | 4h | 0.02106 | 0.000% | $904K | $836K | 20x | |
| MEXC TMX_USDTlong | +0.6242% | 4h | 0.02106 | long leg | $294K | $398K | 20x |
Aster TMXUSDT