Funding you earn now, next payment 16:00 UTC−0.2125%/8h= −232.7% APRnext payment −$21.25 per $10,000 · paid last 24h −0.230%
Price spread now: Bybit against MEXC−0.071%7-day average +0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$290as in the Funding arb table
Net, price: spread back to 7d avg − costs−$295as in the Price arb table
costs, in and out, $10k−$2812.810% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)+0.361%+$36 · spread now −0.071%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$64 a day on $10k at the current rate, and Bybit is 0.145% cheaper against MEXC than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$21.25 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 | MEXC SKDD_USDT | 7.0550 | 0.2125 | pay 0.2125% / 8h | 6h 58m | $864K | $132K | 20x |
| Short | Bybit SKDDUSDT | 7.0500 | 0 | get 0.0000% / 8h | 6h 58m | $54K | $183K | 25x |
MEXC SKDD_USDT
Bybit SKDDUSDTFunding 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
- −$446.25
- Price spread: −0.071% → +0.074%
- −$14.47
- Slippage, 4 orders
- −$269.95
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$741.67
- Costs to cover
- 2.810%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 22 min ago; Bybit: live order book, 16 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, 22 min ago | 13.93 bp | 52.8 bp −$53 | 164.9 bp −$1,649 | 196.4 bp −$19.6K | doesn't fit |
| Sell Bybit live order book, 16 min ago | 14.02 bp | 86.8 bp −$87 | doesn't fit | doesn't fit | 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 | −0.0076% | 4h | 7.0802 | +0.357% | $8K | $163K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 7.0483 | −0.095% | $341K | $1.3M | 20x | as long as short |
| Bybit SKDDUSDTshort | 0.0000% | 8h | 7.0500 | −0.071% | $54K | $183K | 25x | |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.0510 | −0.057% | $376K | $1.0M | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.0520 | −0.043% | $120K | $31K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 7.0600 | +0.071% | $695K | $105K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0970 | +0.595% | $3K | $39K | 20x | as long as short |
| Bitget SKDDUSDT | +0.2114% | 8h | 7.0440 | −0.156% | $189K | $257K | 20x | as long as short |
| MEXC SKDD_USDTlong | +0.2125% | 8h | 7.0550 | long leg | $864K | $132K | 20x |
edgeX SKDDUSDC
Binance SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
Bitget SKDDUSDT