Funding you earn now, next payment 16:00 UTC+0.0200%/8h= +21.9% APRnext payment +$2.00 per $10,000 · paid last 24h −0.189%
Price spread now: MEXC against Bybit−0.164%7-day average +0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$301as in the Funding arb table
Net, price: spread back to 7d avg − costs−$317as in the Price arb table
costs, in and out, $10k−$2912.909% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.164%, 7d avg +0.093%
=Funding pays, the price is against you. MEXC is 0.258% cheaper against Bybit than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of +0.093%). If the spread goes back, that is −$26 on $10k: about 4.3 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.103%, 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 -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.00 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 | Bybit XLUUSDT | 40.780 | 0 | get 0.0000% / 8h | 6h 17m | $73K | $265K | 25x |
| Short | MEXC XLU_USDT | 40.713 | 0.0200 | get 0.0200% / 8h | 6h 17m | $472K | $81K | 20x |
Bybit XLUUSDT
MEXC XLU_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
- $42
- Price spread: −0.164% → +0.093%
- −$25.76
- Slippage, 4 orders
- −$279.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$274.65
- Costs to cover
- 2.909%
- Break-even
- 52.8 days
Slippage from Bybit: live order book, 28 min ago; MEXC: live order book, 28 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, 28 min ago | 6.13 bp | 121.6 bp −$122 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 28 min ago | 12.52 bp | 32.1 bp −$32 | 151.6 bp −$1,516 | 212.4 bp −$21.2K | doesn't fit |
XLU on 6 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 XLUUSDTlong | 0.0000% | 8h | 40.780 | long leg | $73K | $265K | 25x | |
| Gate XLU_USDT | 0.0000% | 8h | 40.710 | −0.172% | $23K | $2K | 20x | as long as short |
| Bitget XLUUSDT | 0.0000% | 8h | 40.746 | −0.083% | $339K | $45K | 20x | as long as short |
| HTX XLU-USDT | 0.0000% | 8h | 40.710 | −0.172% | $5K | $334K | 20x | as long as short |
| SunX XLU-USDT | +0.0100% | 8h | 40.630 | −0.368% | — | $1.7M | 10x | as long as short |
| MEXC XLU_USDTshort | +0.0200% | 8h | 40.713 | −0.164% | $472K | $81K | 20x |
Gate XLU_USDT
Bitget XLUUSDT
HTX XLU-USDT
SunX XLU-USDT