Funding you earn now, next payment 20:00 UTC−0.0759%/8hpaid last 24h −0.114%
Price spread now: Bybit against MEXC+0.088%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1141.142% of the position
Funding, last 7 days−0.458%−$46 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now +0.088%, 7d avg +0.154%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.066% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.154%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.458% in total (about -23.9% a year). A funding rate is set anew for every payment. 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 MINA_USDT | 0.1244 | −0.0121 | get 0.0121% / 8h | 4h 05m | $1.2M | $1.5M | 50x |
| Short | Bybit MINAUSDT | 0.1245 | −0.0880 | pay 0.0440% / 4h | 5m 19s | $4.4M | $6.8M | 25x |
MEXC MINA_USDT
Bybit MINAUSDTFunding 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
- −$159.48
- Price spread: +0.088% → +0.154%
- −$6.6
- Slippage, 4 orders
- −$99.23
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$280.31
- Costs to cover
- 1.142%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 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, 5 min ago | 1.62 bp | 8.2 bp −$8 | 49.6 bp −$496 | 78.9 bp −$7,888 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.60 bp | 49.9 bp −$50 | 212.5 bp −$2,125 | doesn't fit | doesn't fit |
MINA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.3231% | 1h | 0.1250 | +0.516% | $27K | $92K | 10x | as long as short |
| Bybit MINAUSDTshort | −0.0880% | 4h | 0.1245 | +0.088% | $4.4M | $6.8M | 25x | |
| OKX MINA-USDT-SWAP | −0.0399% | 4h | 0.1244 | +0.016% | $1.9M | $16.7M | 20x | as long as short |
| Gate MINA_USDT | −0.0186% | 8h | 0.1246 | +0.209% | $422K | $977K | 50x | as long as short |
| Binance MINAUSDT | −0.0121% | 8h | 0.1243 | −0.032% | $4.4M | $33.8M | 50x | as long as short |
| MEXC MINA_USDTlong | −0.0121% | 8h | 0.1244 | long leg | $1.2M | $1.5M | 50x | |
| BloFin MINA-USDT | −0.0087% | 8h | 0.1247 | +0.257% | $257K | $305K | 50x | as long as short |
| Bitget MINAUSDT | −0.0037% | 8h | 0.1243 | −0.056% | $1.9M | $3.8M | 50x | as long as short |
| BingX MINA-USDT | −0.0015% | 8h | 0.1245 | +0.064% | — | $2.7M | — | as long as short |
| KuCoin MINAUSDTM | +0.0037% | 8h | 0.1245 | +0.129% | $769K | $494K | 30x | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Gate MINA_USDT
Binance MINAUSDT
BloFin MINA-USDT
Bitget MINAUSDT
BingX MINA-USDT
KuCoin MINAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1245 | +0.137% | $3.7M | $2.3M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1250 | +0.498% | $403K | $200K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA