Funding you earn now, next payment 04:00 UTC−0.2710%/8h= −296.8% APRnext payment −$13.55 per $10,000 · paid last 24h −0.876%
Price spread now: MEXC against Bybit+0.181%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$1011.015% of the position
Funding, last 7 days−0.902%−$90 on $10k
+Price spread, last 7 days−0.297%−$30 · spread now +0.181%, 7d avg −0.100%
=The price spread pays, funding is against you. MEXC is 0.282% dearer against Bybit than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of −0.100%): +$28 on $10k if it goes back. Holding the pair costs −$81 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.902% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.902% in total (about -47.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.55 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 | Bybit ESPUSDT | 0.09376 | 0.2810 | pay 0.1405% / 4h | 3h 29m | $1.1M | $597K | 50x |
| Short | MEXC ESP_USDT | 0.09393 | 0.0100 | get 0.0050% / 4h | 3h 29m | $1.2M | $110K | 20x |
Bybit ESPUSDT
MEXC ESP_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
- −$569.15
- Price spread: +0.181% → −0.100%
- $28.16
- Slippage, 4 orders
- −$86.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$642.48
- Costs to cover
- 1.015%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 1 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, 1 min ago | 2.13 bp | 27.5 bp −$28 | 256.6 bp −$2,566 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.53 bp | 10.4 bp −$10 | 66.9 bp −$669 | 441.1 bp −$44.1K | doesn't fit |
ESP 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09397 | +0.227% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09394 | +0.187% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09396 | +0.213% | $596K | $1.2M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09400 | +0.256% | $169K | $603K | 50x | as long as short |
| MEXC ESP_USDTshort | +0.0100% | 4h | 0.09393 | +0.181% | $1.2M | $110K | 20x | |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09397 | +0.224% | $1.5M | $51K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09396 | +0.218% | $947K | $148K | 20x | as long as short |
| edgeX ESPUSDC | +0.0115% | 4h | 0.09395 | +0.207% | $29K | $270K | 10x | as long as short |
| BloFin ESP-USDT | +0.0150% | 4h | 0.09386 | +0.107% | $121K | $34K | 25x | as long as short |
| BingX ESP-USDT | +0.2572% | 4h | 0.09390 | +0.149% | — | $1.7M | — | as long as short |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BloFin ESP-USDT
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDTlong | +0.2810% | 4h | 0.09376 | long leg | $1.1M | $597K | 50x |