Funding you earn now, next payment 08:00 UTC+0.0147%/8h= +16.1% APRnext payment +$1.47 per $10,000 · paid last 24h +0.017%
Price spread now: Bybit against MEXC+0.060%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as 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−0.014%−$1 · spread now +0.060%, 7d avg +0.032%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.028% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USDC_USDT | 0.9995 | −0.0147 | get 0.0147% / 8h | 7h 40m | $19.4M | $586K | 200x |
| Short | Bybit USDCUSDT | 1.0001 | 0 | get 0.0000% / 8h | 7h 40m | $9.5M | $349K | 50x |
MEXC USDC_USDT
Bybit USDCUSDTFunding 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
- $30.87
- Price spread: +0.060% → +0.032%
- $2.82
- Slippage, 4 orders
- −$1.1
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $13.59
- Costs to cover
- 0.201%
- Break-even
- 3.9 days
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$412 | 4.6 bp −$2,295 |
| Sell Bybit live order book, 2 min ago | 0.50 bp | 6.0 bp −$6 | 10.1 bp −$101 | 151.3 bp −$15.1K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0148% | 8h | 0.9995 | −0.001% | $4.4M | $3.8M | 50x | as long as short |
| MEXC USDC_USDTlong | −0.0147% | 8h | 0.9995 | long leg | $19.4M | $586K | 200x | |
| Bitget USDCUSDT | −0.0126% | 8h | 0.9995 | 0.000% | $4.3M | $17K | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0056% | 8h | 0.9994 | −0.010% | $2.5M | $19K | 30x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0021% | 1h | 0.9997 | +0.025% | $14K | $930 | 50x | as long as short |
| Bybit USDCUSDTshort | 0.0000% | 8h | 1.0001 | +0.060% | $9.5M | $349K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.048% | $1.1M | $42K | 50x | as long as short |
| Gate USDC_USDT | +0.0100% | 8h | 0.9990 | −0.050% | $253K | $35K | 50x | as long as short |
Binance USDCUSDT
Bitget USDCUSDT
KuCoin USDCUSDTM
Kraken Futures PF_USDCUSD
OKX USDC-USDT-SWAP
Gate USDC_USDT