Funding you earn now, next payment 08:00 UTC+0.5768%/8h= +631.6% APRnext payment +$57.68 per $10,000 · paid last 24h −0.093%
Price spread now: MEXC against Bybit−0.104%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$259as in the Price arb table
costs, in and out, $10k−$2562.560% of the position
Funding, last 7 days−0.356%−$36 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.104%, 7d avg −0.075%
=Funding pays, the price is against you. MEXC is 0.029% cheaper against Bybit than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.075%). If the spread goes back, that is −$3 on $10k: about under an hour of funding at the current rate (+$173 a day). Mind the row above: over the last 7 days funding on this pair cost −0.356%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.356% in total (about -18.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$57.68 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 SKDDUSDT | 6.7400 | 0 | get 0.0000% / 8h | 3h 47m | $56K | $147K | 25x |
| Short | MEXC SKDD_USDT | 6.7330 | 0.5768 | get 0.5768% / 8h | 3h 47m | $831K | $117K | 20x |
Bybit SKDDUSDT
MEXC SKDD_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
- $1,211.28
- Price spread: −0.104% → −0.075%
- −$2.88
- Slippage, 4 orders
- −$244.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $952.41
- Costs to cover
- 2.560%
- Break-even
- 1.5 days
Slippage from Bybit: live order book, 52 min ago; MEXC: live order book, 63 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, 52 min ago | 7.58 bp | 68.2 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 63 min ago | 4.55 bp | 65.3 bp −$65 | 206.1 bp −$2,061 | 231.9 bp −$23.2K | doesn't fit |
SKDD 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKDDUSDC | −0.0372% | 4h | 6.7389 | −0.017% | $8K | $162K | 10x | as long as short |
| Bitget SKDDUSDT | −0.0230% | 8h | 6.7320 | −0.119% | $179K | $176K | 20x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 6.7326 | −0.110% | $336K | $1.0M | 20x | as long as short |
| Bybit SKDDUSDTlong | 0.0000% | 8h | 6.7400 | long leg | $56K | $147K | 25x | |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.7370 | −0.045% | $387K | $807K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 6.7480 | +0.119% | $119K | $25K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 6.7300 | −0.148% | $654K | $84K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 6.7540 | +0.208% | $2K | $72K | 20x | as long as short |
| MEXC SKDD_USDTshort | +0.5768% | 8h | 6.7330 | −0.104% | $831K | $117K | 20x |
edgeX SKDDUSDC
Bitget SKDDUSDT
Binance SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT