Funding you earn now, next payment 16:00 UTC−0.0632%/8h= −69.2% APRnext payment −$6.32 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC0.000%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs−$280as in the Price arb table
costs, in and out, $10k−$2802.798% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now 0.000%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.32 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC GDX_USDT | 94.390 | 0.0632 | pay 0.0632% / 8h | 4h 09m | $832K | $91K | 20x |
| Short | Bybit GDXUSDT | 94.390 | 0 | get 0.0000% / 8h | 4h 09m | $252K | $64K | 25x |
MEXC GDX_USDT
Bybit GDXUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$132.72
- Price spread: 0.000% → +0.003%
- −$0.33
- Slippage, 4 orders
- −$268.8
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$412.85
- Costs to cover
- 2.798%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 24 min ago; Bybit: live order book, 14 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 MEXC live order book, 24 min ago | 11.13 bp | 51.5 bp −$51 | 168.0 bp −$1,680 | 226.4 bp −$22.6K | doesn't fit |
| Sell Bybit live order book, 14 min ago | 4.77 bp | 87.5 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
GDX on 8 exchanges
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 GDXUSDTshort | 0.0000% | 8h | 94.390 | 0.000% | $252K | $64K | 25x | |
| Gate GDX_USDT | 0.0000% | 8h | 94.420 | +0.032% | $144K | $201K | 20x | as long as short |
| Bitget GDXUSDT | 0.0000% | 8h | 94.330 | −0.064% | $281K | $721K | 20x | as long as short |
| HTX GDX-USDT | 0.0000% | 8h | 94.400 | +0.011% | $8K | $314K | 20x | as long as short |
| Vest GDX-USD-PERP | +0.0046% | 1h | 94.310 | −0.085% | — | — | 25x | as long as short |
| edgeX GDXUSDC | +0.0288% | 4h | 94.363 | −0.029% | $96K | $224K | 10x | as long as short |
| MEXC GDX_USDTlong | +0.0632% | 8h | 94.390 | long leg | $832K | $91K | 20x | |
| Binance GDXUSDT | +0.0634% | 8h | 94.414 | +0.025% | $492K | $445K | 20x | as long as short |
Gate GDX_USDT
Bitget GDXUSDT
HTX GDX-USDT
Vest GDX-USD-PERP
edgeX GDXUSDC
Binance GDXUSDT