Funding you earn now, next payment 08:00 UTC−0.0158%/8h= −17.3% APRnext payment −$1.58 per $10,000 · paid last 24h −0.017%
Price spread now: MEXC against Bybit−0.052%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.052%, 7d avg −0.032%
=The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USDCUSDT | 1.0001 | 0 | get 0.0000% / 8h | 5h 41m | $9.5M | $345K | 50x |
| Short | MEXC USDC_USDT | 0.9996 | −0.0158 | pay 0.0158% / 8h | 5h 41m | $20.8M | $741K | 200x |
Bybit USDCUSDT
MEXC USDC_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
- −$33.18
- Price spread: −0.052% → −0.032%
- −$2
- Slippage, 4 orders
- −$1.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$55.28
- Costs to cover
- 0.201%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 7 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, 2 min ago | 0.50 bp | 6.0 bp −$6 | 7.6 bp −$76 | 444.3 bp −$44.4K | doesn't fit |
| Sell MEXC live order book, 7 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.2 bp −$415 | 4.7 bp −$2,333 |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget USDCUSDT | −0.0175% | 8h | 0.9994 | −0.070% | $4.3M | $16K | 50x | as long as short |
| Binance USDCUSDT | −0.0158% | 8h | 0.9996 | −0.051% | $4.6M | $4.5M | 50x | as long as short |
| MEXC USDC_USDTshort | −0.0158% | 8h | 0.9996 | −0.052% | $20.8M | $741K | 200x | |
| KuCoin USDCUSDTM | −0.0109% | 8h | 0.9994 | −0.070% | $2.5M | $20K | 30x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0097% | 1h | 0.9997 | −0.035% | $14K | $930 | 50x | as long as short |
| Gate USDC_USDT | −0.0046% | 8h | 0.9992 | −0.090% | $253K | $39K | 50x | as long as short |
| Bybit USDCUSDTlong | 0.0000% | 8h | 1.0001 | long leg | $9.5M | $345K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0001 | −0.004% | $1.1M | $41K | 50x | as long as short |
Bitget USDCUSDT
Binance USDCUSDT
KuCoin USDCUSDTM
Kraken Futures PF_USDCUSD
Gate USDC_USDT
OKX USDC-USDT-SWAP