Funding you earn now, next payment 12:00 UTC−0.0504%/8h= −55.2% APRnext payment −$2.52 per $10,000 · paid last 24h −0.115%
Price spread now: Bybit against MEXC+0.033%7-day average −0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$322as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2932.926% of the position
Funding, last 7 days−0.295%−$29 on $10k
+Price spread, last 7 days−0.113%−$11 · spread now +0.033%, 7d avg −0.112%
=The price spread pays, funding is against you. Bybit is 0.145% dearer against MEXC than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.112%): +$14 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.295% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.295% in total (about -15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC EDGE_USDT | 0.5998 | 0.0604 | pay 0.0302% / 4h | 3h 35m | $1.1M | $719K | 50x |
| Short | Bybit EDGEUSDT | 0.6000 | 0.0100 | get 0.0050% / 4h | 3h 35m | $7.3M | $3.4M | 25x |
MEXC EDGE_USDT
Bybit EDGEUSDTFunding 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
- −$105.84
- Price spread: +0.033% → −0.112%
- $14.5
- Slippage, 4 orders
- −$273.64
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$383.99
- Costs to cover
- 2.926%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 2 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, 5 min ago | 0.84 bp | 8.7 bp −$9 | 76.0 bp −$760 | 254.7 bp −$25.5K | 694.7 bp −$347.3K |
| Sell Bybit live order book, 2 min ago | 3.34 bp | 138.2 bp −$138 | 356.2 bp −$3,562 | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5984 | −0.232% | $44K | $22K | 3x | as long as short |
| Bybit EDGEUSDTshort | +0.0100% | 4h | 0.6000 | +0.033% | $7.3M | $3.4M | 25x | |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6004 | +0.100% | $4.8M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5995 | −0.043% | $58K | $122K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5989 | −0.158% | $189K | $145K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5991 | −0.125% | $6K | $3.3M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6000 | +0.033% | $9K | $296K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5951 | −0.784% | $4K | $647K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0206% | 4h | 0.5992 | −0.100% | $2.1M | $2.2M | 50x | as long as short |
| Aster EDGEUSDT | +0.0414% | 4h | 0.6005 | +0.117% | $52K | $152K | 5x | as long as short |
Lighter EDGE
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
KuCoin EDGEUSDTM
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin EDGE-USDT | +0.0571% | 4h | 0.6004 | +0.100% | $673K | $107K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0579% | 4h | 0.6009 | +0.183% | $3.8M | $6.2M | 20x | as long as short |
| MEXC EDGE_USDTlong | +0.0604% | 4h | 0.5998 | long leg | $1.1M | $719K | 50x | |
| Binance EDGEUSDT | +0.0604% | 4h | 0.6011 | +0.217% | $10.4M | $11.0M | 50x | as long as short |
| Extended EDGE-USD | +0.0608% | 1h | 0.6011 | +0.215% | $27K | $270K | 5x | as long as short |
| edgeX EDGEUSDC | +0.0608% | 4h | 0.5988 | −0.168% | $14.4M | $3.7M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0684% | 4h | 0.5992 | −0.100% | $2K | $1K | 10x | as long as short |
BloFin EDGE-USDT
OKX EDGE-USDT-SWAP
Binance EDGEUSDT
Extended EDGE-USD
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC