Funding you earn now, next payment 04:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.007%
Price spread now: MEXC against Bybit0.000%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$710.708% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days−0.015%−$1 · spread now 0.000%, 7d avg −0.044%
=The price spread pays, funding is against you. MEXC is 0.044% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.044%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.040% in total) that is about 7.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06363 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $7.6M | $4.7M | 50x |
| Short | MEXC PYTH_USDT | 0.06363 | 0.0008 | get 0.0004% / 4h | 1h 13m | $9.5M | $2.5M | 125x |
Bybit PYTHUSDT
MEXC PYTH_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
- −$19.32
- Price spread: 0.000% → −0.044%
- $4.38
- Slippage, 4 orders
- −$59.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$85.78
- Costs to cover
- 0.708%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago | 2.35 bp | 25.0 bp −$25 | 92.7 bp −$927 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.78 bp | 5.6 bp −$6 | 31.0 bp −$310 | 103.4 bp −$10.3K | 207.3 bp −$103.6K |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0328% | 1h | 0.06370 | +0.105% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0196% | 4h | 0.06364 | +0.016% | $1.0M | $503K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0018% | 4h | 0.06373 | +0.157% | $355K | $87K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06384 | +0.326% | $190K | $19 | 5x | as long as short |
| MEXC PYTH_USDTshort | +0.0008% | 4h | 0.06363 | 0.000% | $9.5M | $2.5M | 125x | |
| Binance PYTHUSDT | +0.0008% | 4h | 0.06356 | −0.110% | $9.1M | $17.8M | 75x | as long as short |
| Aster PYTHUSDT | +0.0020% | 4h | 0.06378 | +0.237% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.619% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06370 | +0.110% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06378 | +0.236% | $191K | $205K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Binance PYTHUSDT
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06372 | +0.142% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06368 | +0.082% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDTlong | +0.0100% | 4h | 0.06363 | long leg | $7.6M | $4.7M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06358 | −0.079% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06378 | +0.236% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06362 | −0.016% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06364 | +0.016% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06392 | +0.452% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06375 | +0.193% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06385 | +0.346% | $40K | $18K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0221% | 1h | 0.06374 | +0.173% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06375 | +0.182% | $389K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06370 | +0.105% | — | — | 20x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP