Funding you earn now, next payment 08:00 UTC−0.0565%/8h= −61.9% APRnext payment −$2.82 per $10,000 · paid last 24h −0.178%
Price spread now: Bybit against MEXC+0.096%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1441.437% of the position
Funding, last 7 days−0.481%−$48 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.096%, 7d avg −0.052%
=The price spread pays, funding is against you. Bybit is 0.148% dearer against MEXC than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of −0.052%): +$15 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.481% in total) that is about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC M_USDT | 1.3503 | 0.0684 | pay 0.0342% / 4h | 18m 55s | $232K | $109K | 50x |
| Short | Bybit MUSDT | 1.3516 | 0.0119 | get 0.0060% / 4h | 18m 55s | $4.2M | $1.7M | 20x |
MEXC M_USDT
Bybit MUSDTFunding 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
- −$118.65
- Price spread: +0.096% → −0.052%
- $14.79
- Slippage, 4 orders
- −$128.72
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$247.58
- Costs to cover
- 1.437%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 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, 1 min ago | 0.74 bp | 33.8 bp −$34 | 51.3 bp −$513 | 135.0 bp −$13.5K | 562.4 bp −$281.2K |
| Sell Bybit live order book, 4 min ago | 2.58 bp | 38.3 bp −$38 | 205.1 bp −$2,051 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3490 | −0.096% | $1.8M | $911K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3522 | +0.141% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3540 | +0.274% | $2K | $878K | 20x | as long as short |
| Bybit MUSDTshort | +0.0119% | 4h | 1.3516 | +0.096% | $4.2M | $1.7M | 20x | |
| Aster MUSDT | +0.0381% | 4h | 1.3499 | −0.027% | $12K | $83K | 5x | as long as short |
| BloFin M-USDT | +0.0672% | 4h | 1.3521 | +0.133% | $346K | $444K | 10x | as long as short |
| Binance MUSDT | +0.0674% | 4h | 1.3511 | +0.057% | $5.4M | $3.9M | 10x | as long as short |
| MEXC M_USDTlong | +0.0684% | 4h | 1.3503 | long leg | $232K | $109K | 50x | |
| Variational Omni M | +0.1025% | 4h | 1.3550 | +0.345% | $91K | $49K | — | as long as short |
| BingX M-USDT | +0.1210% | 4h | 1.3514 | +0.081% | — | $2.4M | — | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BloFin M-USDT
Binance MUSDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1264% | 4h | 1.3520 | +0.126% | $1.8M | $251K | 10x | as long as short |
| KuCoin MUSDTM | +0.2284% | 4h | 1.3378 | −0.926% | $1.3M | $3.7M | 10x | as long as short |
Bitget MUSDT
KuCoin MUSDTM