Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC−0.036%7-day average −0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1481.483% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.036%, 7d avg −0.138%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.102% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.138%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC INIT_USDT | 0.08390 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $445K | $139K | 20x |
| Short | Bybit INITUSDT | 0.08387 | 0.0100 | get 0.0050% / 4h | 3h 54m | $1.4M | $1.1M | 25x |
MEXC INIT_USDT
Bybit INITUSDTFunding 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
- $0
- Price spread: −0.036% → −0.138%
- $10.25
- Slippage, 4 orders
- −$133.26
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$138.01
- Costs to cover
- 1.483%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 32 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, 32 min ago | 2.99 bp | 38.0 bp −$38 | 86.3 bp −$863 | 226.2 bp −$22.6K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 7.16 bp | 41.9 bp −$42 | 92.4 bp −$924 | doesn't fit | doesn't fit |
INIT on 13 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_INITUSD | −0.0127% | 1h | 0.08385 | −0.065% | $5K | $13K | 10x | as long as short |
| BloFin INIT-USDT | +0.0071% | 4h | 0.08404 | +0.167% | $153K | $40K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08394 | +0.046% | $312K | $137K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08383 | −0.081% | $28K | $7K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08390 | 0.000% | $3.5M | $2.5M | 25x | as long as short |
| Bybit INITUSDTshort | +0.0100% | 4h | 0.08387 | −0.036% | $1.4M | $1.1M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08392 | +0.024% | $141K | $435K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08377 | −0.155% | $82K | $14K | 25x | as long as short |
| MEXC INIT_USDTlong | +0.0100% | 4h | 0.08390 | long leg | $445K | $139K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08409 | +0.226% | $327K | $37K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08390 | 0.000% | $437K | $200K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08396 | +0.072% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08396 | +0.067% | $27K | $10K | — | as long as short |
Bitget INITUSDT
BingX INIT-USDT
Variational Omni INIT