Funding you earn now, next payment 00:00 UTC+0.0288%/8h= +31.5% APRnext payment +$1.44 per $10,000 · paid last 24h +0.013%
Price spread now: MEXC against Bybit+0.040%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$950.951% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.040%, 7d avg +0.062%
=Funding pays, the price is against you. MEXC is 0.022% cheaper against Bybit than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.062%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.082% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.44 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 ALTUSDT | 0.007456 | −0.0188 | get 0.0094% / 4h | 1h 59m | $1.2M | $1.6M | 25x |
| Short | MEXC ALT_USDT | 0.007459 | 0.0100 | get 0.0050% / 4h | 1h 59m | $379K | $200K | 50x |
Bybit ALTUSDT
MEXC ALT_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
- $60.39
- Price spread: +0.040% → +0.062%
- −$2.17
- Slippage, 4 orders
- −$80.07
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$36.85
- Costs to cover
- 0.951%
- Break-even
- 11.3 days
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 14 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, 2 min ago | 6.04 bp | 38.9 bp −$39 | 151.0 bp −$1,510 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 14 min ago | 0.67 bp | 10.7 bp −$11 | 53.8 bp −$538 | 260.7 bp −$26.1K | 468.5 bp −$234.2K |
ALT on 14 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 ALT | −0.0296% | 4h | 0.007453 | −0.037% | $4K | $12K | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | −0.0286% | 1h | 0.007461 | +0.067% | — | $0 | 25x | as long as short |
| Bybit ALTUSDTlong | −0.0188% | 4h | 0.007456 | long leg | $1.2M | $1.6M | 25x | |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.006% | $815 | $4K | 5.5x | as long as short |
| BloFin ALT-USDT | +0.0066% | 4h | 0.007460 | +0.054% | $172K | $9K | 50x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007458 | +0.027% | $1.1M | $186K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007458 | +0.032% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007464 | +0.107% | $51K | $418K | 25x | as long as short |
| MEXC ALT_USDTshort | +0.0100% | 4h | 0.007459 | +0.040% | $379K | $200K | 50x | |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007469 | +0.174% | $149K | $22K | 30x | as long as short |
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
BloFin ALT-USDT
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDT | +0.0100% | 4h | 0.007453 | −0.040% | $612K | $100K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007456 | 0.000% | — | $1.3M | — | as long as short |
| Kraken Futures PF_ALTUSD | +0.0201% | 1h | 0.007468 | +0.166% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0384% | 1h | 0.007486 | +0.402% | $14K | $3K | 50x | as long as short |
Bitget ALTUSDT
BingX ALT-USDT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX