Funding you earn now, next payment 00:00 UTC+0.0510%/8h= +55.8% APRnext payment +$2.55 per $10,000 · paid last 24h +0.101%
Price spread now: MEXC against Bybit+0.113%7-day average +0.190% · you sell dearer than you buy
Net, funding: paid 7d − costs−$598as in the Funding arb table
Net, price: spread back to 7d avg − costs−$651as in the Price arb table
costs, in and out, $10k−$6436.430% of the position
Funding, last 7 days+0.454%+$45 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.113%, 7d avg +0.190%
=Funding pays, the price is against you. MEXC is 0.078% cheaper against Bybit than usual: you would sell low and buy high (spread +0.113% now, against its 7-day average of +0.190%). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.454% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XANUSDT | 0.01241 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $1.0M | $214K | 13x |
| Short | MEXC XAN_USDT | 0.01242 | 0.0610 | get 0.0305% / 4h | 1h 31m | $8.9M | $106K | 50x |
Bybit XANUSDT
MEXC XAN_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
- $107.1
- Price spread: +0.113% → +0.190%
- −$7.76
- Slippage, 4 orders
- −$628.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$543.67
- Costs to cover
- 6.430%
- Break-even
- 42.5 days
Slippage from Bybit: live order book, 4 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, 4 min ago | 6.03 bp | 298.2 bp −$298 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.40 bp | 31.5 bp −$32 | 62.5 bp −$625 | 303.7 bp −$30.4K | doesn't fit |
XAN on 9 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 XANUSDTlong | +0.0100% | 4h | 0.01241 | long leg | $1.0M | $214K | 13x | |
| KuCoin XANUSDTM | +0.0100% | 4h | 0.01244 | +0.242% | $617K | $1.8M | 50x | as long as short |
| Bitget XANUSDT | +0.0100% | 4h | 0.01242 | +0.105% | $414K | $170K | 50x | as long as short |
| Variational Omni XAN | +0.0100% | 4h | 0.01242 | +0.077% | $7K | $2K | — | as long as short |
| BingX XAN-USDT | +0.0572% | 4h | 0.01243 | +0.234% | — | $1.3M | — | as long as short |
| Gate XAN_USDT | +0.0604% | 4h | 0.01241 | +0.056% | $245K | $47K | 20x | as long as short |
| MEXC XAN_USDTshort | +0.0610% | 4h | 0.01242 | +0.113% | $8.9M | $106K | 50x | |
| Binance XANUSDT | +0.0612% | 4h | 0.01242 | +0.121% | $2.1M | $1.4M | 50x | as long as short |
| Aster XANUSDT | +0.0656% | 4h | 0.01242 | +0.105% | $45K | $9K | 5x | as long as short |
KuCoin XANUSDTM
Bitget XANUSDT
Variational Omni XAN
BingX XAN-USDT
Gate XAN_USDT
Binance XANUSDT
Aster XANUSDT