Funding you earn now, next payment 16:00 UTC−0.0398%/8h= −43.6% APRnext payment −$3.98 per $10,000 · paid last 24h +0.042%
Price spread now: MEXC against Bybit+0.045%7-day average −0.208% · you sell dearer than you buy
Net, funding: paid 7d − costs−$369as in the Funding arb table
Net, price: spread back to 7d avg − costs−$370as in the Price arb table
costs, in and out, $10k−$3963.956% of the position
Funding, last 7 days+0.268%+$27 on $10k
+Price spread, last 4 days (all we have)−0.305%−$31 · spread now +0.045%, 7d avg −0.208%
=The price spread pays, funding is against you. MEXC is 0.253% dearer against Bybit than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.208%): +$25 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.268%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.268% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.98 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 | Bybit WENSTOCKUSDT | 6.7090 | 0.0398 | pay 0.0398% / 8h | 7h 28m | $150K | $385K | 25x |
| Short | MEXC WENSTOCK_USDT | 6.7120 | 0 | get 0.0000% / 8h | 7h 28m | $473K | $81K | 20x |
Bybit WENSTOCKUSDT
MEXC WENSTOCK_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
- −$83.65
- Price spread: +0.045% → −0.208%
- $25.26
- Slippage, 4 orders
- −$384.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$454.03
- Costs to cover
- 3.956%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 61 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, 1 min ago | 0.75 bp | 177.8 bp −$178 | 252.4 bp −$2,524 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 61 min ago | 26.88 bp | 27.4 bp −$27 | 44.5 bp −$445 | 217.8 bp −$21.8K | doesn't fit |
WENSTOCK on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC WENSTOCK_USDTshort | 0.0000% | 8h | 6.7120 | +0.045% | $473K | $81K | 20x | |
| HTX WENSTOCK-USDT | 0.0000% | 8h | 6.7200 | +0.164% | $6K | $2K | 10x | as long as short |
| Bybit WENSTOCKUSDTlong | +0.0398% | 8h | 6.7090 | long leg | $150K | $385K | 25x |
HTX WENSTOCK-USDT