LSK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.9918%/8h= −1086.0% APRnext payment −$12.40 per $10,000 · paid last 24h −0.334%

Price spread now: MEXC against Bybit−0.517%7-day average −0.777% · you buy dearer than you sell

Net, funding: paid 7d − costs+$531as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+6.066%+$607 on $10k

Price spread, last 7 days−0.915%−$91 · spread now −0.517%, 7d avg −0.777%

Together, before fees+5.151%+$515 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.261% dearer against Bybit than usual: you sell high and buy low (spread −0.517% now, against its 7-day average of −0.777%): +$26 on $10k if it goes back. Holding the pair costs −$298 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +6.066%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 6.066% in total (about 316.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.40 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LSKUSDT	0.3406	−0.0298	get 0.0037% / 1h	49m 37s	$8.9M	$21.0M	25x
Short	MEXC LSK_USDT	0.3389	−1.0216	pay 0.1277% / 1h	49m 37s	$9.2M	$2.2M	20x

Funding 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

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee MEXCbpOrdersPrice spread, now −0.517%Rate

Funding earned: −$2,082.75
Price spread: −0.517% → −0.777%: $26.07
Slippage, 4 orders: −$60.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$2,132.07
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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, 2 min ago	0.15 bp	33.6 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.15 bp	5.6 bp −$6	40.8 bp −$408	108.7 bp −$10.9K	501.5 bp −$250.7K

LSK on 10 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
Kraken Futures PF_LSKUSD	−1.0886%	1h	0.3394	−0.351%	$110K	$381K	10x	as long as short
MEXC LSK_USDTshort	−1.0216%	1h	0.3389	−0.517%	$9.2M	$2.2M	20x
Binance LSKUSDT	−1.0091%	1h	0.3389	−0.521%	$15.2M	$96.7M	50x	as long as short
BingX LSK-USDT	−0.9960%	1h	0.3378	−0.822%	—	$2.8M	—	as long as short
Aster LSKUSDT	−0.9174%	1h	0.3391	−0.450%	$48K	$156K	5x	as long as short
Gate LSK_USDT	−0.8208%	1h	0.3388	−0.540%	$1.3M	$2.6M	20x	as long as short
Bitget LSKUSDT	−0.5200%	1h	0.3385	−0.628%	$2.7M	$9.6M	50x	as long as short
HTX LSK-USDT	−0.4239%	1h	0.3390	−0.490%	$38K	$305K	20x	as long as short
Variational Omni LSK	−0.0756%	1h	0.3425	+0.541%	$33K	$171K	—	as long as short
Bybit LSKUSDTlong	−0.0298%	1h	0.3406	long leg	$8.9M	$21.0M	25x