Funding you earn now, next payment 12:00 UTC+0.2460%/8h= +269.4% APRnext payment +$12.30 per $10,000 · paid last 24h +0.154%
Price spread now: MEXC against Bybit+0.016%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,622as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,699as in the Price arb table
costs, in and out, $10k−$2,68626.858% of the position
Funding, last 7 days+0.636%+$64 on $10k
+Price spread, last 4 days (all we have)+0.538%+$54 · spread now +0.016%, 7d avg +0.143%
=Funding pays, the price is against you. MEXC is 0.128% cheaper against Bybit than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.143%). If the spread goes back, that is −$13 on $10k: about 4 hours of funding at the current rate (+$74 a day). At the pace of the last 7 days (+0.636% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.636% in total (about 33.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.30 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 XNYUSDT | 0.006356 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $440K | $37K | 5x |
| Short | MEXC XNY_USDT | 0.006357 | 0.2560 | get 0.1280% / 4h | 3h 50m | $195K | $101K | 100x |
Bybit XNYUSDT
MEXC XNY_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
- $516.6
- Price spread: +0.016% → +0.143%
- −$12.77
- Slippage, 4 orders
- −$2,670.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$2,181.92
- Costs to cover
- 26.858%
- Break-even
- 36.6 days
Slippage from Bybit: live order book, 39 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, 39 min ago | 3.93 bp | 1797.2 bp −$1,797 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 20 min ago | 0.79 bp | 27.8 bp −$28 | 72.9 bp −$729 | 211.9 bp −$21.2K | doesn't fit |
XNY 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 XNYUSDTlong | +0.0100% | 4h | 0.006356 | long leg | $440K | $37K | 5x | |
| KuCoin XNYUSDTM | +0.0100% | 4h | 0.006353 | −0.047% | $303K | $16K | 10x | as long as short |
| Variational Omni XNY | +0.0100% | 4h | 0.006358 | +0.039% | $52K | $2K | — | as long as short |
| Gate XNY_USDT | +0.0150% | 4h | 0.006380 | +0.378% | $214K | $16K | 10x | as long as short |
| Aster XNYUSDT | +0.2090% | 4h | 0.006351 | −0.086% | $6K | $6K | 5x | as long as short |
| BingX XNY-USDT | +0.2438% | 4h | 0.006354 | −0.031% | — | $1.3M | — | as long as short |
| BloFin XNY-USDT | +0.2516% | 4h | 0.006366 | +0.157% | $228K | $6K | 10x | as long as short |
| MEXC XNY_USDTshort | +0.2560% | 4h | 0.006357 | +0.016% | $195K | $101K | 100x | |
| Binance XNYUSDT | +0.2561% | 4h | 0.006358 | +0.026% | $3.7M | $1.1M | 10x | as long as short |
KuCoin XNYUSDTM
Variational Omni XNY
Gate XNY_USDT
Aster XNYUSDT
BingX XNY-USDT
BloFin XNY-USDT
Binance XNYUSDT