Funding you earn now, next payment 04:00 UTC+0.0749%/8h= +82.0% APRnext payment +$3.74 per $10,000 · paid last 24h −0.028%
Price spread now: Bybit against MEXC+0.129%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$358as in the Funding arb table
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$3093.089% of the position
Funding, last 7 days−0.489%−$49 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.129%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Bybit is 0.113% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.489%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.489% in total (about -25.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.74 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 LONGXIA_USDT | 0.2247 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $1.7M | $1.5M | 50x |
| Short | Bybit LONGXIAUSDT | 0.2250 | 0.0849 | get 0.0424% / 4h | 1h 58m | $784K | $7.4M | 10x |
MEXC LONGXIA_USDT
Bybit LONGXIAUSDTFunding 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
- $157.25
- Price spread: +0.129% → +0.016%
- $11.3
- Slippage, 4 orders
- −$293.89
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$140.34
- Costs to cover
- 3.089%
- Break-even
- 13.2 days
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 4 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, 2 min ago | 2.90 bp | 31.2 bp −$31 | 56.5 bp −$565 | 250.2 bp −$25.0K | 730.6 bp −$365.3K |
| Sell Bybit live order book, 4 min ago | 4.47 bp | 139.6 bp −$140 | 734.1 bp −$7,341 | doesn't fit | doesn't fit |
LONGXIA on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX LONGXIA-USDT | +0.0070% | 4h | 0.2249 | +0.093% | — | $2.2M | — | as long as short |
| MEXC LONGXIA_USDTlong | +0.0100% | 4h | 0.2247 | long leg | $1.7M | $1.5M | 50x | |
| Bybit LONGXIAUSDTshort | +0.0849% | 4h | 0.2250 | +0.129% | $784K | $7.4M | 10x | |
| KuCoin LONGXIAUSDTM | +0.0994% | 4h | 0.2253 | +0.254% | $36.8M | $4.3M | 10x | as long as short |
BingX LONGXIA-USDT
KuCoin LONGXIAUSDTM