Funding you earn now, next payment 08:00 UTC−0.0199%/8h= −21.8% APRnext payment −$1.99 per $10,000 · paid last 24h −0.017%
Price spread now: MEXC against Bybit−0.041%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.041%, 7d avg −0.032%
=The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.99 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 | Bybit USDCUSDT | 1.0000 | 0.0100 | pay 0.0100% / 8h | 15m 35s | $9.5M | $279K | 50x |
| Short | MEXC USDC_USDT | 0.9996 | −0.0099 | pay 0.0099% / 8h | 15m 35s | $20.8M | $750K | 200x |
Bybit USDCUSDT
MEXC USDC_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
- −$41.79
- Price spread: −0.041% → −0.032%
- −$0.87
- Slippage, 4 orders
- −$1.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$62.76
- Costs to cover
- 0.201%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; MEXC: 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 Bybit live order book, 3 min ago | 0.50 bp | 6.0 bp −$6 | 7.8 bp −$78 | 448.7 bp −$44.9K | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$415 | 4.6 bp −$2,313 |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0160% | 8h | 0.9994 | −0.060% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDT | −0.0099% | 8h | 0.9996 | −0.041% | $4.8M | $4.4M | 50x | as long as short |
| MEXC USDC_USDTshort | −0.0099% | 8h | 0.9996 | −0.041% | $20.8M | $750K | 200x | |
| Bitget USDCUSDT | −0.0083% | 8h | 0.9994 | −0.060% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0064% | 1h | 0.9997 | −0.025% | $14K | $924 | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0001 | +0.006% | $1.1M | $39K | 50x | as long as short |
| Gate USDC_USDT | +0.0086% | 8h | 0.9996 | −0.040% | $253K | $36K | 50x | as long as short |
| Bybit USDCUSDTlong | +0.0100% | 8h | 1.0000 | long leg | $9.5M | $279K | 50x |
KuCoin USDCUSDTM
Binance USDCUSDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
OKX USDC-USDT-SWAP
Gate USDC_USDT