Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bybit−0.208%7-day average −0.141% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1071.073% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now −0.208%, 7d avg −0.141%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.067% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.141%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01393 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $1.1M | $780K | 25x |
| Short | MEXC USUAL_USDT | 0.01390 | 0.0100 | get 0.0050% / 4h | 2h 50m | $6.1M | $255K | 100x |
Bybit USUALUSDT
MEXC USUAL_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
- $0
- Price spread: −0.208% → −0.141%
- −$6.67
- Slippage, 4 orders
- −$92.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$114.02
- Costs to cover
- 1.073%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 2 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 | 6.83 bp | 40.4 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 6.11 bp | 13.6 bp −$14 | 166.2 bp −$1,662 | 829.5 bp −$83.0K | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.3949% | 1h | 0.01365 | −2.003% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | +0.0085% | 1h | 0.01390 | −0.192% | $110K | $19K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01391 | −0.136% | $397K | $189K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01390 | −0.228% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01393 | long leg | $1.1M | $780K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01393 | +0.007% | $942K | $109K | 50x | as long as short |
| MEXC USUAL_USDTshort | +0.0100% | 4h | 0.01390 | −0.208% | $6.1M | $255K | 100x | |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01390 | −0.208% | $256K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01392 | −0.065% | $808K | $404K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01392 | −0.072% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Gate USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01393 | +0.040% | $10K | $1K | — | as long as short |
Variational Omni USUAL