Funding you earn now, next payment 04:00 UTC−0.0794%/8h= −86.9% APRnext payment −$3.97 per $10,000 · paid last 24h −0.253%
Price spread now: Bybit against MEXC−0.006%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1491.492% of the position
Funding, last 7 days−0.706%−$71 on $10k
+Price spread, last 7 days+0.223%+$22 · spread now −0.006%, 7d avg −0.083%
=The price spread pays, funding is against you. Bybit is 0.077% dearer against MEXC than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.083%): +$8 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.706% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.8242 | 0.0984 | pay 0.0492% / 4h | 20m 01s | $9.5M | $6.4M | 20x |
| Short | Bybit BTWUSDT | 0.8242 | 0.0190 | get 0.0095% / 4h | 20m 01s | $16.0M | $41.7M | 10x |
MEXC BTW_USDT
Bybit BTWUSDTFunding 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
- −$166.67
- Price spread: −0.006% → −0.083%
- $7.7
- Slippage, 4 orders
- −$138.22
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$308.19
- Costs to cover
- 1.492%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago | 1.81 bp | 10.9 bp −$11 | 40.0 bp −$400 | 275.6 bp −$27.6K | 842.0 bp −$421.0K |
| Sell Bybit live order book, 4 min ago | 7.43 bp | 64.8 bp −$65 | 307.6 bp −$3,076 | doesn't fit | doesn't fit |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0100% | 4h | 0.8233 | −0.106% | $3.4M | $17.8M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8238 | −0.050% | $7.3M | $4.9M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8238 | −0.053% | $211K | $786K | 10x | as long as short |
| Bybit BTWUSDTshort | +0.0190% | 4h | 0.8242 | −0.006% | $16.0M | $41.7M | 10x | |
| Bitget BTWUSDT | +0.0636% | 4h | 0.8257 | +0.186% | $26.0M | $15.1M | 5x | as long as short |
| Aster BTWUSDT | +0.0868% | 4h | 0.8238 | −0.045% | $2.3M | $3.2M | 5x | as long as short |
| BingX BTW-USDT | +0.0915% | 4h | 0.8259 | +0.206% | — | $4.4M | — | as long as short |
| edgeX BTWUSDC | +0.0959% | 4h | 0.8351 | +1.323% | $344K | $503K | 10x | as long as short |
| Extended BTW-USD | +0.0984% | 1h | 0.8244 | +0.025% | $35K | $15K | 5x | as long as short |
| MEXC BTW_USDTlong | +0.0984% | 4h | 0.8242 | long leg | $9.5M | $6.4M | 20x |
Gate BTW_USDT
KuCoin BTWUSDTM
HTX BTW-USDT
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
edgeX BTWUSDC
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BTWUSDT | +0.0985% | 4h | 0.8246 | +0.054% | $114.9M | $180.9M | 10x | as long as short |
Binance BTWUSDT