Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC−0.175%7-day average +0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1391.391% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.346%+$35 · spread now −0.175%, 7d avg +0.108%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.283% cheaper against MEXC than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NIL_USDT | 0.06851 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $2.4M | $4.7M | 100x |
| Short | Bybit NILUSDT | 0.06839 | 0.0100 | get 0.0050% / 4h | 3h 54m | $3.8M | $13.9M | 20x |
MEXC NIL_USDT
Bybit NILUSDTFunding 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
- $0
- Price spread: −0.175% → +0.108%
- −$28.28
- Slippage, 4 orders
- −$124.14
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$167.42
- Costs to cover
- 1.391%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 3 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 | 8.00 bp | 23.0 bp −$23 | 113.7 bp −$1,137 | 256.5 bp −$25.7K | 477.4 bp −$238.7K |
| Sell Bybit live order book, 3 min ago | 2.18 bp | 23.9 bp −$24 | 133.9 bp −$1,339 | doesn't fit | doesn't fit |
NIL 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 NIL_USDT | −0.0348% | 4h | 0.06836 | −0.219% | $436K | $1.9M | 50x | as long as short |
| BloFin NIL-USDT | +0.0070% | 4h | 0.06837 | −0.204% | $348K | $140K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06827 | −0.344% | $22K | $342K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06827 | −0.343% | $5.3M | $78.3M | 50x | as long as short |
| Bybit NILUSDTshort | +0.0100% | 4h | 0.06839 | −0.175% | $3.8M | $13.9M | 20x | |
| MEXC NIL_USDTlong | +0.0100% | 4h | 0.06851 | long leg | $2.4M | $4.7M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06839 | −0.175% | $514K | $686K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06840 | −0.161% | $1.8M | $8.5M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06833 | −0.263% | — | $8.5M | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06826 | −0.371% | $17K | $88K | 5x | as long as short |
Gate NIL_USDT
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NIL | +0.0144% | 4h | 0.06855 | +0.052% | $176K | $265K | — | as long as short |
| Hyperliquid NIL | +0.4670% | 1h | 0.06882 | +0.460% | $4.3M | $4.6M | 3x | as long as short |
Variational Omni NIL
Hyperliquid NIL