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Funding arb · Price arb /

XNY

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.2284%/8h= −250.1% APRnext payment −$11.42 per $10,000 · paid last 24h −0.090%
Price spread now: Bybit against MEXC−0.094%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,502as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,446as in the Price arb table
costs, in and out, $10k−$2,45124.508% of the position
Long on MEXCShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.507%−$51 on $10k
Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.094%, 7d avg −0.146%
Together, before fees−0.563%−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.052% dearer against MEXC than usual: you sell high and buy low (spread −0.094% now, against its 7-day average of −0.146%): +$5 on $10k if it goes back. Holding the pair costs −$69 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.507% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.507% in total (about -26.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC XNY_USDT0.0063690.2578pay 0.1289% / 4h1h 36m$179K$99K100x
ShortBybit XNYUSDT0.0063630.0294get 0.0147% / 4h1h 36m$443K$35K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$479.72
Price spread: −0.094% → −0.146%
$5.16
Slippage, 4 orders
−$2,435.83
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$2,925.4
Costs to cover
24.508%
Break-even
never at this rate
Slippage from MEXC: live order book, 44 min ago; Bybit: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 44 min ago1.57 bp26.2 bp −$2672.9 bp −$729201.4 bp −$20.1Kdoesn't fit
Sell Bybit live order book, 63 min ago7.11 bp887.5 bp −$887doesn't fitdoesn't fitdoesn't fit

XNY on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XNYUSDTM+0.0100%4h0.006364−0.079%$304K$17K10xas long as short
Variational Omni XNY+0.0100%4h0.006361−0.120%$52K$2K—as long as short
Bybit XNYUSDTshort+0.0294%4h0.006363−0.094%$443K$35K5x
Gate XNY_USDT+0.1160%4h0.006374+0.079%$213K$16K10xas long as short
Aster XNYUSDT+0.2332%4h0.006363−0.090%$6K$6K5xas long as short
BingX XNY-USDT+0.2370%4h0.006371+0.031%—$1.3M—as long as short
BloFin XNY-USDT+0.2520%4h0.006374+0.079%$225K$6K10xas long as short
MEXC XNY_USDTlong+0.2578%4h0.006369long leg$179K$99K100x
Binance XNYUSDT+0.2578%4h0.006368−0.016%$3.7M$1.1M10xas long as short