Funding you earn now, next payment 12:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.022%
Price spread now: Bybit against MEXC−0.142%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$850.851% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.142%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.107% cheaper against MEXC than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% a year). A funding rate is set anew for every payment. 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 GMT_USDT | 0.008454 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $434K | $216K | 20x |
| Short | Bybit GMTUSDT | 0.008442 | −0.0105 | pay 0.0105% / 8h | 7h 29m | $1.1M | $2.1M | 50x |
MEXC GMT_USDT
Bybit GMTUSDTFunding 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
- −$43.03
- Price spread: −0.142% → −0.035%
- −$10.67
- Slippage, 4 orders
- −$70.05
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$138.75
- Costs to cover
- 0.851%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 51 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, 51 min ago | 0.59 bp | 8.6 bp −$9 | 54.3 bp −$543 | 261.1 bp −$26.1K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.55 bp | 32.6 bp −$33 | 158.0 bp −$1,580 | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1420% | 1h | 0.008444 | −0.121% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0156% | 8h | 0.008446 | −0.093% | $4K | $6K | — | as long as short |
| Bybit GMTUSDTshort | −0.0105% | 8h | 0.008442 | −0.142% | $1.1M | $2.1M | 50x | |
| KuCoin GMTUSDTM | −0.0074% | 4h | 0.008430 | −0.284% | $239K | $203K | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0082% | 4h | 0.008430 | −0.284% | $385K | $1.2M | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008444 | −0.118% | $119K | $154K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008458 | +0.049% | $7K | $24K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008449 | −0.062% | $2.8M | $5.5M | 50x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008460 | +0.071% | $139K | $177K | 50x | as long as short |
| MEXC GMT_USDTlong | +0.0100% | 4h | 0.008454 | long leg | $434K | $216K | 20x |
Kraken Futures PF_GMTUSD
Variational Omni GMT
KuCoin GMTUSDTM
OKX GMT-USDT-SWAP
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Gate GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDT | +0.0100% | 4h | 0.008453 | −0.012% | $733K | $689K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008444 | −0.118% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT