Funding you earn now, next payment 04:00 UTC+0.0109%/8h= +12.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.035%
Price spread now: Bybit against MEXC+0.250%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$850.849% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days−0.277%−$28 · spread now +0.250%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.283% dearer against MEXC than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USELESS_USDT | 0.2844 | 0.0512 | pay 0.0256% / 4h | 2h 48m | $11.1M | $6.0M | 50x |
| Short | Bybit USELESSUSDT | 0.2851 | 0.0621 | get 0.0311% / 4h | 2h 48m | $27.7M | $46.7M | 13x |
MEXC USELESS_USDT
Bybit USELESSUSDTFunding 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
- $22.93
- Price spread: +0.250% → −0.033%
- $28.3
- Slippage, 4 orders
- −$65.87
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$33.64
- Costs to cover
- 0.849%
- Break-even
- 17.3 days
Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 6 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, 5 min ago | 1.23 bp | 23.2 bp −$23 | 52.9 bp −$529 | 141.9 bp −$14.2K | 455.7 bp −$227.8K |
| Sell Bybit live order book, 6 min ago | 0.18 bp | 20.9 bp −$21 | 57.7 bp −$577 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2849 | +0.172% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2843 | −0.007% | $32K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2851 | +0.271% | $10.0M | $67.6M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2848 | +0.137% | $5.2M | $10.2M | 12x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2841 | −0.088% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2852 | +0.281% | $19K | $515K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2840 | −0.130% | $600K | $1.2M | 20x | as long as short |
| Gate USELESS_USDT | +0.0178% | 4h | 0.2846 | +0.074% | $7.2M | $8.3M | 50x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2847 | +0.124% | $10K | — | 3x | as long as short |
| edgeX USELESSUSDC | +0.0470% | 4h | 0.2832 | −0.406% | $21K | $194K | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Gate USELESS_USDT
Aevo USELESS-PERP
edgeX USELESSUSDCShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended USELESS-USD | +0.0512% | 1h | 0.2847 | +0.108% | $300K | $1.2M | 5x | as long as short |
| MEXC USELESS_USDTlong | +0.0512% | 4h | 0.2844 | long leg | $11.1M | $6.0M | 50x | |
| Binance USELESSUSDT | +0.0516% | 4h | 0.2852 | +0.297% | $24.2M | $117.7M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0578% | 4h | 0.2851 | +0.267% | $5.5M | $9.9M | 20x | as long as short |
| Bybit USELESSUSDTshort | +0.0621% | 4h | 0.2851 | +0.250% | $27.7M | $46.7M | 13x | |
| Polymarket Perps USELESS-USD | +0.0678% | 1h | 0.2848 | +0.155% | $43K | $185K | 3x | as long as short |
| BingX USELESS-USDT | +0.0744% | 4h | 0.2856 | +0.436% | — | $5.1M | — | as long as short |
| BloFin USELESS-USDT | +0.0886% | 4h | 0.2835 | −0.302% | $1.2M | $2.1M | 12x | as long as short |
| Variational Omni USELESS | +0.0917% | 4h | 0.2853 | +0.310% | $1.2M | $1.7M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0961% | 1h | 0.2850 | +0.222% | $39K | $700K | 25x | as long as short |
| Aster USELESSUSDT | +0.1051% | 4h | 0.2843 | −0.007% | $654K | $2.2M | 10x | as long as short |
| Hyperliquid USELESS | +0.1252% | 1h | 0.2856 | +0.433% | $14.3M | $21.1M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1259% | 4h | 0.2847 | +0.123% | $22K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3027 | +6.435% | $5K | $9K | 5.5x | as long as short |
Extended USELESS-USD
Binance USELESSUSDT
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
BingX USELESS-USDT
BloFin USELESS-USDT
Variational Omni USELESS
ApeX Omni USELESSUSDT
Aster USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP