Funding you earn now, next payment 16:00 UTC−0.0514%/8h= −56.3% APRnext payment −$5.14 per $10,000 · paid last 24h −0.093%
Price spread now: Bybit against MEXC+0.066%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2332.329% of the position
Funding, last 7 days−0.202%−$20 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.066%, 7d avg +0.043%
=The price spread pays, funding is against you. Bybit is 0.023% dearer against MEXC than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.043%): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.202% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.202% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.14 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 TMF_USDT | 30.110 | 0.0514 | pay 0.0514% / 8h | 6h 20m | $643K | $91K | 20x |
| Short | Bybit TMFUSDT | 30.130 | 0 | get 0.0000% / 8h | 6h 20m | $162K | $56K | 25x |
MEXC TMF_USDT
Bybit TMFUSDTFunding 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
- −$107.94
- Price spread: +0.066% → +0.043%
- $2.31
- Slippage, 4 orders
- −$221.91
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$338.53
- Costs to cover
- 2.329%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 26 min ago; Bybit: live order book, 25 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, 26 min ago | 6.63 bp | 20.6 bp −$21 | 111.8 bp −$1,118 | 217.2 bp −$21.7K | 299.5 bp −$149.8K |
| Sell Bybit live order book, 25 min ago | 14.91 bp | 102.8 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
TMF on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TMFUSDC | −0.0681% | 4h | 30.115 | +0.018% | $13K | $286K | 10x | as long as short |
| Bybit TMFUSDTshort | 0.0000% | 8h | 30.130 | +0.066% | $162K | $56K | 25x | |
| Gate TMF_USDT | 0.0000% | 8h | 30.120 | +0.033% | $52K | $8K | 20x | as long as short |
| Bitget TMFUSDT | 0.0000% | 8h | 30.112 | +0.007% | $164K | $95K | 20x | as long as short |
| HTX TMF-USDT | 0.0000% | 8h | 30.130 | +0.066% | $9K | $251K | 10x | as long as short |
| OKX TMF-USDT-SWAP | +0.0265% | 8h | 30.140 | +0.100% | $152K | $143K | 20x | as long as short |
| Variational Omni TMF | +0.0413% | 8h | 30.119 | +0.029% | $29K | $6K | — | as long as short |
| Binance TMFUSDT | +0.0509% | 8h | 30.140 | +0.100% | $1.2M | $541K | 25x | as long as short |
| MEXC TMF_USDTlong | +0.0514% | 8h | 30.110 | long leg | $643K | $91K | 20x |
edgeX TMFUSDC
Gate TMF_USDT
Bitget TMFUSDT
HTX TMF-USDT
OKX TMF-USDT-SWAP
Variational Omni TMF
Binance TMFUSDT