Settings8H · net · $10k
Funding arb · Price arb /

NIL

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Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees+0.355%+$36 on $10k · with fees, hour by hour
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%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC NIL_USDT0.068510.0100pay 0.0050% / 4h3h 54m$2.4M$4.7M100x
ShortBybit NILUSDT0.068390.0100get 0.0050% / 4h3h 54m$3.8M$13.9M20x

Funding 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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 2 min ago8.00 bp23.0 bp −$23113.7 bp −$1,137256.5 bp −$25.7K477.4 bp −$238.7K
Sell Bybit live order book, 3 min ago2.18 bp23.9 bp −$24133.9 bp −$1,339doesn't fitdoesn't fit

NIL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NIL_USDT−0.0348%4h0.06836−0.219%$436K$1.9M50xas long as short
BloFin NIL-USDT+0.0070%4h0.06837−0.204%$348K$140K50xas long as short
Aster NILUSDT+0.0100%4h0.06827−0.344%$22K$342K5xas long as short
Binance NILUSDT+0.0100%4h0.06827−0.343%$5.3M$78.3M50xas long as short
Bybit NILUSDTshort+0.0100%4h0.06839−0.175%$3.8M$13.9M20x
MEXC NIL_USDTlong+0.0100%4h0.06851long leg$2.4M$4.7M100x
KuCoin NILUSDTM+0.0100%4h0.06839−0.175%$514K$686K30xas long as short
Bitget NILUSDT+0.0100%4h0.06840−0.161%$1.8M$8.5M50xas long as short
BingX NIL-USDT+0.0100%4h0.06833−0.263%$8.5Mas long as short
Extended NIL-USD+0.0104%1h0.06826−0.371%$17K$88K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NIL+0.0144%4h0.06855+0.052%$176K$265Kas long as short
Hyperliquid NIL+0.4670%1h0.06882+0.460%$4.3M$4.6M3xas long as short