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: Bybit against MEXC+0.140%7-day average −0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$301as in the Funding arb table
Net, price: spread back to 7d avg − costs−$288as in the Price arb table
costs, in and out, $10k−$3113.109% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now +0.140%, 7d avg −0.088%
=The price spread pays, funding is against you. Bybit is 0.228% dearer against MEXC than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of −0.088%): +$23 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.
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 | MEXC XLU_USDT | 40.763 | 0.0200 | pay 0.0200% / 8h | 4h 08m | $473K | $82K | 20x |
| Short | Bybit XLUUSDT | 40.820 | 0 | get 0.0000% / 8h | 4h 08m | $72K | $265K | 25x |
MEXC XLU_USDT
Bybit XLUUSDTFunding 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
- −$42
- Price spread: +0.140% → −0.088%
- $22.78
- Slippage, 4 orders
- −$299.94
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$330.16
- Costs to cover
- 3.109%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 24 min ago; Bybit: live order book, 15 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, 24 min ago | 17.66 bp | 22.5 bp −$23 | 60.0 bp −$600 | 199.0 bp −$19.9K | doesn't fit |
| Sell Bybit live order book, 15 min ago | 8.58 bp | 122.7 bp −$123 | doesn't fit | doesn't fit | 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 XLUUSDTshort | 0.0000% | 8h | 40.820 | +0.140% | $72K | $265K | 25x | |
| Gate XLU_USDT | 0.0000% | 8h | 40.760 | −0.007% | $23K | $2K | 20x | as long as short |
| Bitget XLUUSDT | 0.0000% | 8h | 40.773 | +0.025% | $340K | $26K | 20x | as long as short |
| HTX XLU-USDT | 0.0000% | 8h | 40.740 | −0.056% | $5K | $336K | 20x | as long as short |
| SunX XLU-USDT | +0.0100% | 8h | 40.760 | −0.007% | — | $1.5M | 10x | as long as short |
| MEXC XLU_USDTlong | +0.0200% | 8h | 40.763 | long leg | $473K | $82K | 20x |
Gate XLU_USDT
Bitget XLUUSDT
HTX XLU-USDT
SunX XLU-USDT