Funding you earn now, next payment 08:00 UTC+0.0254%/8h= +27.8% APRnext payment +$1.27 per $10,000 · paid last 24h +0.058%
Price spread now: MEXC against Bybit−0.117%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1071.072% of the position
Funding, last 7 days+0.264%+$26 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.117%, 7d avg −0.063%
=Funding pays, the price is against you. MEXC is 0.053% cheaper against Bybit than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.063%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.264% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WALUSDT | 0.03432 | −0.0154 | get 0.0077% / 4h | 2h 38m | $1.4M | $1.8M | 25x |
| Short | MEXC WAL_USDT | 0.03428 | 0.0100 | get 0.0050% / 4h | 2h 38m | $565K | $284K | 20x |
Bybit WALUSDT
MEXC WAL_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
- $53.41
- Price spread: −0.117% → −0.063%
- −$5.32
- Slippage, 4 orders
- −$92.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$59.13
- Costs to cover
- 1.072%
- Break-even
- 14.8 days
Slippage from Bybit: live order book, 2 min ago; MEXC: 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 Bybit live order book, 2 min ago | 4.36 bp | 47.9 bp −$48 | 453.6 bp −$4,536 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.46 bp | 6.6 bp −$7 | 40.0 bp −$400 | 269.8 bp −$27.0K | doesn't fit |
WAL on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit WALUSDTlong | −0.0154% | 4h | 0.03432 | long leg | $1.4M | $1.8M | 25x | |
| OKX WAL-USDT-SWAP | +0.0075% | 4h | 0.03426 | −0.175% | $219K | $1.0M | 10x | as long as short |
| Binance WALUSDT | +0.0100% | 4h | 0.03428 | −0.117% | $2.3M | $6.7M | 75x | as long as short |
| Gate WAL_USDT | +0.0100% | 4h | 0.03424 | −0.233% | $290K | $580K | 50x | as long as short |
| MEXC WAL_USDTshort | +0.0100% | 4h | 0.03428 | −0.117% | $565K | $284K | 20x | |
| KuCoin WALUSDTM | +0.0100% | 4h | 0.03431 | −0.029% | $328K | $56K | 30x | as long as short |
| Bitget WALUSDT | +0.0100% | 4h | 0.03431 | −0.029% | $593K | $932K | 20x | as long as short |
| BingX WAL-USDT | +0.0100% | 4h | 0.03428 | −0.117% | — | $6.6M | — | as long as short |
| Variational Omni WAL | +0.0100% | 4h | 0.03439 | +0.203% | $20K | $14K | — | as long as short |
| Bluefin WAL-PERP | +0.0100% | 1h | 0.03432 | 0.000% | $30K | $636K | 20x | as long as short |
OKX WAL-USDT-SWAP
Binance WALUSDT
Gate WAL_USDT
KuCoin WALUSDTM
Bitget WALUSDT
BingX WAL-USDT
Variational Omni WAL
Bluefin WAL-PERP