RED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0286%/8h= −31.3% APRnext payment −$1.43 per $10,000 · paid last 24h −0.094%

Price spread now: Bybit against MEXC+0.066%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$369as in the Funding arb table

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$2972.973% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.719%−$72 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.066%, 7d avg +0.109%

Together, before fees−0.731%−$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.043% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.109%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RED_USDT	0.1508	0.0386	pay 0.0193% / 4h	1h 13m	$552K	$173K	20x
Short	Bybit REDUSDT	0.1509	0.0100	get 0.0050% / 4h	1h 13m	$2.2M	$1.7M	25x

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

Position, each leg$Hold fordaysFee MEXCbpFee BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$60.06
Price spread: +0.066% → +0.109%: −$4.27
Slippage, 4 orders: −$282.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$361.59
Costs to cover: 2.973%
Break-even: never at this rate

Slippage from MEXC: live order book, 61 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, 61 min ago	3.32 bp	10.1 bp −$10	42.7 bp −$427	220.4 bp −$22.0K	496.4 bp −$248.2K
Sell Bybit live order book, 3 min ago	4.32 bp	94.9 bp −$95	doesn't fit	doesn't fit	doesn't fit

RED on 10 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
BloFin RED-USDT	+0.0073%	4h	0.1506	−0.119%	$225K	$5K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1508	+0.014%	$21K	$33K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1509	+0.033%	$2.4M	$3.8M	50x	as long as short
Bybit REDUSDTshort	+0.0100%	4h	0.1509	+0.066%	$2.2M	$1.7M	25x
Gate RED_USDT	+0.0100%	4h	0.1507	−0.066%	$348K	$151K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1507	−0.066%	$722K	$297K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1505	−0.208%	$25K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1545	+2.454%	$2K	$663K	20x	as long as short
Extended RED-USD	+0.0104%	1h	0.1508	+0.014%	$30	—	5x	as long as short
MEXC RED_USDTlong	+0.0386%	4h	0.1508	long leg	$552K	$173K	20x