Funding you earn now, next payment 08:00 UTC+0.0526%/8h= +57.6% APRnext payment +$2.63 per $10,000 · paid last 24h +0.178%
Price spread now: MEXC against Bybit+0.028%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1411.410% of the position
Funding, last 7 days+0.481%+$48 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.028%, 7d avg +0.054%
=Funding pays, the price is against you. MEXC is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread +0.028% now, against its 7-day average of +0.054%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.481% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUSDT | 1.4061 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $4.4M | $1.7M | 20x |
| Short | MEXC M_USDT | 1.4065 | 0.0626 | get 0.0313% / 4h | 3h 20m | $231K | $107K | 50x |
Bybit MUSDT
MEXC M_USDTFunding 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
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
- $110.46
- Price spread: +0.028% → +0.054%
- −$2.57
- Slippage, 4 orders
- −$125.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$33.08
- Costs to cover
- 1.410%
- Break-even
- 9.1 days
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 14 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 | 3.19 bp | 42.2 bp −$42 | 447.3 bp −$4,473 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 14 min ago | 1.06 bp | 25.5 bp −$26 | 47.0 bp −$470 | 119.0 bp −$11.9K | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDTlong | +0.0100% | 4h | 1.4061 | long leg | $4.4M | $1.7M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4052 | −0.064% | $1.9M | $881K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4061 | 0.000% | $1.8M | $248K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4097 | +0.256% | $88K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4094 | +0.235% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4084 | +0.164% | $2K | $778K | 20x | as long as short |
| Aster MUSDT | +0.0412% | 4h | 1.4036 | −0.179% | $15K | $87K | 5x | as long as short |
| BingX M-USDT | +0.0572% | 4h | 1.4054 | −0.050% | — | $2.4M | — | as long as short |
| MEXC M_USDTshort | +0.0626% | 4h | 1.4065 | +0.028% | $231K | $107K | 50x | |
| Binance MUSDT | +0.0638% | 4h | 1.4048 | −0.092% | $5.5M | $3.8M | 10x | as long as short |
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0650% | 4h | 1.4079 | +0.128% | $354K | $445K | 10x | as long as short |
| KuCoin MUSDTM | +0.1416% | 4h | 1.3941 | −0.855% | $1.4M | $3.9M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM