BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against Bybit−0.015%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$150.150% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.015%, 7d avg −0.001%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BTCUSDT	85,704.2	0.0100	pay 0.0100% / 8h	5h 29m	$5.33B	$9.60B	150x
Short	MEXC BTC_USDT	85,691.7	0.0088	get 0.0088% / 8h	5h 29m	$5.05B	$5.62B	500x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee MEXCbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$2.52
Price spread: −0.015% → −0.001%: −$1.34
Slippage, 4 orders: −$0.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$18.89
Costs to cover: 0.150%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	0.01 bp	5.5 bp −$6	5.5 bp −$55	6.6 bp −$660	8.0 bp −$4,007
Sell MEXC live order book, 5 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$208	2.5 bp −$1,266

BTC on 56 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
Bluefin BTC-PERP	−0.0617%	1h	84,893.2	−0.946%	$194K	$722K	40x	as long as short
Phoenix BTC	−0.0160%	1h	85,791	+0.101%	$2.2M	$10.3M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,741	+0.043%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	85,725.2	+0.025%	$369K	$2.3M	50x	as long as short
BloFin BTC-USDT	−0.0032%	8h	85,703.2	−0.001%	$416.3M	$665.3M	150x	as long as short
dYdX BTC-USD	0.0000%	1h	85,739.4	+0.041%	$16.8M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,752.6	+0.057%	$36.7M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0009%	8h	85,740.3	+0.042%	$918.9M	$753.5M	125x	as long as short
Nado BTC-PERP	+0.0010%	1h	85,724.9	+0.024%	$22.8M	$220.8M	50x	as long as short
Aster BTCUSDT	+0.0021%	8h	85,746.1	+0.049%	$516.7M	$1.11B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0054%	8h	85,729.1	+0.029%	—	$17.0M	—	as long as short
Bitget BTCUSDT	+0.0068%	8h	85,713.4	+0.011%	$2.95B	$5.03B	150x	as long as short
Reya BTCRUSDPERP	+0.0069%	1h	85,736	+0.037%	$6.7M	$146.4M	40x	as long as short
HTX BTC-USDT	+0.0075%	8h	85,691.3	−0.015%	$2.27B	$936.7M	200x	as long as short
Phemex BTCUSDT	+0.0075%	8h	85,690.4	−0.016%	$148.1M	$479.8M	150x	as long as short
Injective BTC/USDC PERP	+0.0079%	1h	85,578	−0.147%	$340K	$26.9M	52x	as long as short
Deribit BTC-PERPETUAL	+0.0079%	1h	85,743.1	+0.045%	$892.3M	$1.53B	50x	as long as short
SunX BTC-USDT	+0.0086%	8h	85,743	+0.045%	$2.9M	$6.1M	100x	as long as short
MEXC BTC_USDTshort	+0.0088%	8h	85,691.7	−0.015%	$5.05B	$5.62B	500x
Aevo BTC-PERP	+0.0088%	1h	85,705.9	+0.002%	$2.5M	$1.7M	20x	as long as short
Binance BTCUSDT	+0.0088%	8h	85,691.7	−0.015%	$9.35B	$23.94B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,709.6	+0.006%	$170.3M	$991.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,714.9	+0.013%	$23.9M	$148.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,725	+0.024%	$8.4M	$52.0M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,769.2	+0.076%	$3.8M	$8.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,697	−0.008%	$198K	$7.8M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,825	+0.141%	$3.74B	$5.00B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,756.7	+0.061%	$40.2M	$574.8M	50x	as long as short
Bybit BTCUSDTlong	+0.0100%	8h	85,704.2	long leg	$5.33B	$9.60B	150x
OKX BTC-USDT-SWAP	+0.0100%	8h	85,700.1	−0.005%	$2.57B	$12.13B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,729	+0.029%	$3.9M	$18.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,690.6	−0.016%	$7.1M	$97.2M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,751	+0.055%	$5.56B	$10.52B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,701.4	−0.003%	$35.3M	$172.3M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,767.3	+0.074%	$156.3M	$548.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,658.9	−0.053%	$279.6M	$930.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,774.1	+0.082%	$215.4M	$166.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,800	+0.112%	$140.4M	$316.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,761	+0.066%	$30.3M	$210.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,794.8	+0.106%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,741	+0.043%	$11.0M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,748	+0.051%	$189K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,731.1	+0.031%	$2.3M	$8.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,713.3	+0.011%	$30.0M	$50.9M	15x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,710	+0.007%	$60.0M	$336.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,614.4	−0.105%	$621.3M	$398.6M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,685.8	−0.021%	$44.1M	$227.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,727.1	+0.027%	—	$106.4M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,749.6	+0.053%	$130.4M	$5.12B	50x	as long as short
RISEx BTC/USDC	+0.0120%	1h	85,749.4	+0.053%	$8.4M	$42.3M	25x	as long as short
Kraken Futures PF_XBTUSD	+0.0138%	1h	85,722.1	+0.021%	$189.0M	$952.3M	100x	as long as short
Aftermath Perps BTCUSD	+0.0194%	1h	85,706	+0.002%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0179%	1h	85,751.8	+0.056%	$13.6M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0208%	1h	85,780.9	+0.090%	$701K	$7.8M	30x	as long as short
Kalshi KXBTCPERP	+0.0217%	8h	85,753	+0.057%	$10.4M	$760.9M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,746.6	+0.050%	$516K	$19.3M	6.7x	as long as short