Funding you earn now, next payment 00:00 UTC+0.1396%/8h= +152.9% APRnext payment +$6.98 per $10,000 · paid last 24h +0.504%
Price spread now: Bybit against MEXC−0.348%7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$1601.604% of the position
Funding, last 7 days+0.555%+$55 on $10k
+Price spread, last 4 days (all we have)+0.462%+$46 · spread now −0.348%, 7d avg +0.065%
=Funding pays, the price is against you. Bybit is 0.412% cheaper against MEXC than usual: you would sell low and buy high (spread −0.348% now, against its 7-day average of +0.065%). If the spread goes back, that is −$41 on $10k: about 24 hours of funding at the current rate (+$42 a day). At the pace of the last 7 days (+0.555% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.555% in total (about 28.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.98 per $10,000. 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 STEEM_USDT | 0.05751 | 0.0100 | pay 0.0050% / 4h | 21m 34s | $427K | $111K | 20x |
| Short | Bybit STEEMUSDT | 0.05731 | 0.1496 | get 0.0748% / 4h | 21m 34s | $1.3M | $977K | 13x |
MEXC STEEM_USDT
Bybit STEEMUSDTFunding 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
- $293.18
- Price spread: −0.348% → +0.065%
- −$41.23
- Slippage, 4 orders
- −$141.37
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $91.57
- Costs to cover
- 1.604%
- Break-even
- 4.8 days
Slippage from MEXC: live order book, 39 min ago; Bybit: live order book, 4 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, 39 min ago | 0.87 bp | 8.3 bp −$8 | 62.8 bp −$628 | 147.9 bp −$14.8K | 516.0 bp −$258.0K |
| Sell Bybit live order book, 4 min ago | 2.62 bp | 43.5 bp −$44 | 149.0 bp −$1,490 | doesn't fit | doesn't fit |
STEEM on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDT | +0.0070% | 4h | 0.05745 | −0.104% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05758 | +0.124% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05753 | +0.032% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDTlong | +0.0100% | 4h | 0.05751 | long leg | $427K | $111K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05750 | −0.017% | $416K | $92K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05752 | +0.017% | $448K | $241K | 25x | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05749 | −0.035% | $40K | $32K | 20x | as long as short |
| Variational Omni STEEM | +0.0104% | 4h | 0.05727 | −0.411% | $12K | $147 | — | as long as short |
| Kraken Futures PF_STEEMUSD | +0.0645% | 1h | 0.05762 | +0.197% | $8K | $5K | 10x | as long as short |
| Gate STEEM_USDT | +0.1160% | 4h | 0.05762 | +0.191% | $288K | $121K | 20x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
HTX STEEM-USDT
Variational Omni STEEM
Kraken Futures PF_STEEMUSD
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDTshort | +0.1496% | 4h | 0.05731 | −0.348% | $1.3M | $977K | 13x |