Funding you earn now, next payment 00:00 UTC−0.0258%/8h= −28.3% APRnext payment −$1.29 per $10,000 · paid last 24h +0.086%
Price spread now: MEXC against Bybit+0.056%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$351as in the Funding arb table
Net, price: spread back to 7d avg − costs−$367as in the Price arb table
costs, in and out, $10k−$3653.647% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 7 days−0.118%−$12 · spread now +0.056%, 7d avg +0.083%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and MEXC is 0.027% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.083%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.29 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 4USDT | 0.02158 | 0.0684 | pay 0.0342% / 4h | 1h 14m | $2.9M | $1.7M | 5x |
| Short | MEXC 4_USDT | 0.02159 | 0.0426 | get 0.0213% / 4h | 1h 14m | $1.9M | $852K | 100x |
Bybit 4USDT
MEXC 4_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
- −$54.23
- Price spread: +0.056% → +0.083%
- −$2.7
- Slippage, 4 orders
- −$349.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$421.66
- Costs to cover
- 3.647%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 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, 3 min ago | 5.82 bp | 157.7 bp −$158 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 4.64 bp | 15.8 bp −$16 | 106.8 bp −$1,068 | 277.2 bp −$27.7K | doesn't fit |
4 on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 4 | +0.0100% | 4h | 0.02148 | −0.446% | $52K | $6K | — | as long as short |
| SunX 4-USDT | +0.0100% | 4h | 0.02156 | −0.083% | $2K | $1.0M | 20x | as long as short |
| Aster 4USDT | +0.0390% | 4h | 0.02157 | −0.056% | $247K | $95K | 5x | as long as short |
| MEXC 4_USDTshort | +0.0426% | 4h | 0.02159 | +0.056% | $1.9M | $852K | 100x | |
| Binance 4USDT | +0.0434% | 4h | 0.02160 | +0.098% | $8.3M | $11.0M | 20x | as long as short |
| Gate 4_USDT | +0.0440% | 4h | 0.02160 | +0.111% | $590K | $238K | 20x | as long as short |
| BingX 4-USDT | +0.0562% | 4h | 0.02159 | +0.051% | — | $1.4M | — | as long as short |
| Bybit 4USDTlong | +0.0684% | 4h | 0.02158 | long leg | $2.9M | $1.7M | 5x | |
| KuCoin 4USDTM | +0.0688% | 4h | 0.02156 | −0.083% | $942K | $13.2M | 20x | as long as short |
Variational Omni 4
SunX 4-USDT
Aster 4USDT
Binance 4USDT
Gate 4_USDT
BingX 4-USDT
KuCoin 4USDTM