Funding you earn now, next payment 04:00 UTC+0.4138%/8h= +453.1% APRpaid last 24h +0.055%
Price spread now: MEXC against Bybit−0.334%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$312as in the Funding arb table
Net, price: spread back to 7d avg − costs−$353as in the Price arb table
costs, in and out, $10k−$3153.154% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.387%+$39 · spread now −0.334%, 7d avg +0.038%
=Funding pays, the price is against you. MEXC is 0.372% cheaper against Bybit than usual: you would sell low and buy high (spread −0.334% now, against its 7-day average of +0.038%). If the spread goes back, that is −$37 on $10k: about 7 hours of funding at the current rate (+$124 a day). At the pace of the last 7 days (+0.031% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment. 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 CSOPSKHYNIX2LUSDT | 5.9880 | 0.1248 | pay 0.1248% / 8h | 6h 40m | $107K | $97K | 20x |
| Short | MEXC CSOPSKHYNIX2L_USDT | 5.9680 | 0.5386 | get 0.2693% / 4h | 2h 40m | $174K | $82K | 10x |
Bybit CSOPSKHYNIX2LUSDT
MEXC CSOPSKHYNIX2L_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
- $868.98
- Price spread: −0.334% → +0.038%
- −$37.2
- Slippage, 4 orders
- −$304.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $516.33
- Costs to cover
- 3.154%
- Break-even
- 2.8 days
Slippage from Bybit: live order book, 9 min ago; MEXC: live order book, 65 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, 9 min ago | 6.64 bp | 66.0 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 65 min ago | 10.79 bp | 166.2 bp −$166 | 195.1 bp −$1,951 | 217.7 bp −$21.8K | doesn't fit |
CSOPSKHYNIX2L on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CSOPSKHYNIX2L_USDT | +0.0084% | 4h | 5.9680 | −0.334% | $65K | $3K | 20x | as long as short |
| HTX CSOPSKHYNIX2L-USDT | +0.0960% | 4h | 6.0050 | +0.284% | $23K | $333K | 10x | as long as short |
| Bybit CSOPSKHYNIX2LUSDTlong | +0.1248% | 8h | 5.9880 | long leg | $107K | $97K | 20x | |
| OKX CSOPSKHYNIX2L-USDT-SWAP | +0.1788% | 8h | 5.9570 | −0.518% | $146K | $151K | 10x | as long as short |
| Binance CSOPSKHYNIX2LUSDT | +0.5349% | 4h | 5.9683 | −0.329% | $1.8M | $3.8M | 20x | as long as short |
| MEXC CSOPSKHYNIX2L_USDTshort | +0.5386% | 4h | 5.9680 | −0.334% | $174K | $82K | 10x | |
| BloFin CSOPSKHYNIX2L-USDT | +0.5986% | 4h | 6.0130 | +0.418% | — | $167K | 20x | as long as short |
Gate CSOPSKHYNIX2L_USDT
HTX CSOPSKHYNIX2L-USDT
OKX CSOPSKHYNIX2L-USDT-SWAP
Binance CSOPSKHYNIX2LUSDT
BloFin CSOPSKHYNIX2L-USDT