Funding you earn now, next payment 12:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.36 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against MEXC0.000%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 7 days+0.044%+$4 · spread now 0.000%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.044% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ETHFI_USDT | 0.6942 | −0.0010 | get 0.0005% / 4h | 1h 08m | $15.6M | $4.1M | 125x |
| Short | Bybit ETHFIUSDT | 0.6942 | −0.0083 | pay 0.0041% / 4h | 1h 08m | $16.9M | $11.8M | 25x |
MEXC ETHFI_USDT
Bybit ETHFIUSDTFunding 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
- −$15.33
- Price spread: 0.000% → +0.044%
- −$4.45
- Slippage, 4 orders
- −$30
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$64.77
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 3 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 | 0.72 bp | 6.7 bp −$7 | 21.3 bp −$213 | 70.9 bp −$7,091 | 174.5 bp −$87.2K |
| Sell Bybit live order book, 3 min ago | 0.72 bp | 17.0 bp −$17 | 40.1 bp −$401 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0470% | 1h | 0.6940 | −0.029% | $42K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0329% | 4h | 0.6936 | −0.086% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0240% | 4h | 0.6935 | −0.104% | $881K | $738K | — | as long as short |
| Bybit ETHFIUSDTshort | −0.0083% | 4h | 0.6942 | 0.000% | $16.9M | $11.8M | 25x | |
| Paradex ETHFI-USD-PERP | −0.0076% | 8h | 0.6942 | −0.006% | $6K | — | 5x | as long as short |
| Binance ETHFIUSDT | −0.0012% | 4h | 0.6941 | −0.014% | $24.3M | $31.7M | 75x | as long as short |
| MEXC ETHFI_USDTlong | −0.0010% | 4h | 0.6942 | long leg | $15.6M | $4.1M | 125x | |
| Extended ETHFI-USD | −0.0008% | 1h | 0.6941 | −0.018% | $108K | $495K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.293% | $321 | $51K | 5.5x | as long as short |
| HTX ETHFI-USDT | +0.0059% | 4h | 0.6930 | −0.173% | $83K | $139K | 20x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERP
HTX ETHFI-USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6935 | −0.101% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6954 | +0.174% | $1.1M | $729K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6949 | +0.107% | $16.5M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6951 | +0.132% | $178K | $163K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6951 | +0.130% | $5.2M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6946 | +0.058% | $1.7M | $1.8M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6944 | +0.029% | $1.2M | $181K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6946 | +0.058% | $6.2M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6947 | +0.072% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6942 | +0.001% | $52K | $170K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6946 | +0.058% | $2K | $1.0M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0230% | 4h | 0.6934 | −0.115% | $1.2M | $233K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0320% | 1h | 0.6957 | +0.216% | $35K | $10K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0576% | 1h | 0.6958 | +0.236% | $303K | $302K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD