Funding you earn now, next payment 08:00 UTC+0.1072%/8h= +117.4% APRnext payment +$10.72 per $10,000 · paid last 24h +0.027%
Price spread now: MEXC against Bybit+0.067%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2162.159% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.067%, 7d avg −0.047%
=Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and MEXC is 0.114% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.047%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.72 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 TMFUSDT | 29.950 | 0 | get 0.0000% / 8h | 2h 51m | $163K | $53K | 25x |
| Short | MEXC TMF_USDT | 29.970 | 0.1072 | get 0.1072% / 8h | 2h 51m | $637K | $89K | 20x |
Bybit TMFUSDT
MEXC TMF_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
- $225.12
- Price spread: +0.067% → −0.047%
- $11.41
- Slippage, 4 orders
- −$204.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $20.59
- Costs to cover
- 2.159%
- Break-even
- 6.4 days
Slippage from Bybit: live order book, 43 min ago; MEXC: live order book, 53 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, 43 min ago | 11.68 bp | 86.0 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 53 min ago | 1.67 bp | 13.6 bp −$14 | 126.7 bp −$1,267 | 201.8 bp −$20.2K | 282.2 bp −$141.1K |
TMF 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 TMFUSDC | −0.0229% | 4h | 29.975 | +0.083% | $13K | $286K | 10x | as long as short |
| Bybit TMFUSDTlong | 0.0000% | 8h | 29.950 | long leg | $163K | $53K | 25x | |
| Gate TMF_USDT | 0.0000% | 8h | 29.930 | −0.067% | $51K | $7K | 20x | as long as short |
| Bitget TMFUSDT | 0.0000% | 8h | 29.930 | −0.067% | $160K | $86K | 20x | as long as short |
| HTX TMF-USDT | 0.0000% | 8h | 29.950 | 0.000% | $9K | $253K | 10x | as long as short |
| OKX TMF-USDT-SWAP | +0.0796% | 8h | 29.970 | +0.067% | $149K | $138K | 20x | as long as short |
| Variational Omni TMF | +0.0985% | 8h | 29.975 | +0.083% | $28K | $5K | — | as long as short |
| MEXC TMF_USDTshort | +0.1072% | 8h | 29.970 | +0.067% | $637K | $89K | 20x | |
| Binance TMFUSDT | +0.1083% | 8h | 29.988 | +0.128% | $1.2M | $500K | 25x | as long as short |
edgeX TMFUSDC
Gate TMF_USDT
Bitget TMFUSDT
HTX TMF-USDT
OKX TMF-USDT-SWAP
Variational Omni TMF
Binance TMFUSDT