Funding you earn now, next payment 04:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.93 per $10,000 · paid last 24h +0.035%
Price spread now: Bybit against MEXC−0.004%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$730.735% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now −0.004%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.030% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.93 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 USELESS_USDT | 0.2808 | 0.0552 | pay 0.0276% / 4h | 2h 07m | $11.0M | $6.0M | 50x |
| Short | Bybit USELESSUSDT | 0.2808 | 0.0739 | get 0.0369% / 4h | 2h 07m | $27.3M | $46.3M | 13x |
MEXC USELESS_USDT
Bybit USELESSUSDTFunding 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
- $39.23
- Price spread: −0.004% → −0.033%
- $2.97
- Slippage, 4 orders
- −$54.48
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.28
- Costs to cover
- 0.735%
- Break-even
- 12.6 days
Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago | 0.89 bp | 15.6 bp −$16 | 45.5 bp −$455 | 158.1 bp −$15.8K | 565.6 bp −$282.8K |
| Sell Bybit live order book, 1 min ago | 1.43 bp | 18.4 bp −$18 | 59.5 bp −$595 | doesn't fit | doesn't fit |
USELESS on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2803 | −0.171% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2802 | −0.231% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2806 | −0.071% | $9.9M | $65.9M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2804 | −0.157% | $7.1M | $8.4M | 50x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2808 | −0.014% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2808 | 0.000% | $18K | $502K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2797 | −0.374% | $605K | $1.1M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0132% | 4h | 0.2803 | −0.171% | $5.2M | $10.4M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2806 | −0.075% | $10K | — | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0404% | 1h | 0.2806 | −0.075% | $27K | $202K | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Polymarket Perps USELESS-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0543% | 4h | 0.2813 | +0.187% | $21K | $194K | 10x | as long as short |
| Extended USELESS-USD | +0.0544% | 1h | 0.2807 | −0.033% | $298K | $1.1M | 5x | as long as short |
| Binance USELESSUSDT | +0.0548% | 4h | 0.2809 | +0.019% | $23.8M | $117.0M | 50x | as long as short |
| MEXC USELESS_USDTlong | +0.0552% | 4h | 0.2808 | long leg | $11.0M | $6.0M | 50x | |
| Bitget USELESSUSDT | +0.0582% | 4h | 0.2807 | −0.018% | $5.4M | $9.8M | 20x | as long as short |
| BingX USELESS-USDT | +0.0738% | 4h | 0.2809 | +0.032% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDTshort | +0.0739% | 4h | 0.2808 | −0.004% | $27.3M | $46.3M | 13x | |
| ApeX Omni USELESSUSDT | +0.0776% | 1h | 0.2814 | +0.214% | $39K | $699K | 25x | as long as short |
| Variational Omni USELESS | +0.0901% | 4h | 0.2816 | +0.283% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1068% | 4h | 0.2799 | −0.306% | $623K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1270% | 1h | 0.2809 | +0.039% | $14.0M | $20.7M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1309% | 4h | 0.2805 | −0.107% | $22K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2989 | +6.428% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
Extended USELESS-USD
Binance USELESSUSDT
Bitget USELESSUSDT
BingX USELESS-USDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP