Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bybit−0.035%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1851.852% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.317%−$32 · spread now −0.035%, 7d avg −0.019%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WAVESUSDT | 0.2825 | 0.0451 | pay 0.0451% / 8h | 4h 29m | $1.7M | $1.7M | 20x |
| Short | MEXC WAVES_USDT | 0.2824 | 0.0445 | get 0.0445% / 8h | 4h 29m | $472K | $133K | 20x |
Bybit WAVESUSDT
MEXC WAVES_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
- −$1.29
- Price spread: −0.035% → −0.019%
- −$1.66
- Slippage, 4 orders
- −$170.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$188.17
- Costs to cover
- 1.852%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 20 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 | 3.54 bp | 45.7 bp −$46 | 205.6 bp −$2,056 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 20 min ago | 3.56 bp | 35.2 bp −$35 | 62.4 bp −$624 | 110.3 bp −$11.0K | doesn't fit |
WAVES on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WAVESUSDTM | +0.0100% | 8h | 0.2821 | −0.142% | $360K | $34K | 20x | as long as short |
| Variational Omni WAVES | +0.0308% | 8h | 0.2823 | −0.088% | $276 | $2K | — | as long as short |
| BloFin WAVES-USDT | +0.0424% | 8h | 0.2814 | −0.389% | $90K | $23K | 20x | as long as short |
| MEXC WAVES_USDTshort | +0.0445% | 8h | 0.2824 | −0.035% | $472K | $133K | 20x | |
| Bybit WAVESUSDTlong | +0.0451% | 8h | 0.2825 | long leg | $1.7M | $1.7M | 20x | |
| BingX WAVES-USDT | +0.0455% | 8h | 0.2822 | −0.106% | — | $1.3M | — | as long as short |
KuCoin WAVESUSDTM
Variational Omni WAVES
BloFin WAVES-USDT
BingX WAVES-USDT