Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h +0.011%
Price spread now: MEXC against Bybit+0.152%7-day average +0.221% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now +0.152%, 7d avg +0.221%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.069% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.221%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BNBUSDT | 789.90 | 0.0100 | pay 0.0100% / 8h | 5h 03m | $139.0M | $76.1M | 75x |
| Short | MEXC BNB_USDT | 791.10 | 0.0070 | get 0.0070% / 8h | 5h 03m | $80.4M | $12.5M | 200x |
Bybit BNBUSDT
MEXC BNB_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
- −$6.3
- Price spread: +0.152% → +0.221%
- −$6.91
- Slippage, 4 orders
- −$4.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$33.09
- Costs to cover
- 0.199%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; MEXC: 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 Bybit live order book, 6 min ago | 0.63 bp | 6.3 bp −$6 | 8.6 bp −$86 | 24.1 bp −$2,410 | 165.8 bp −$82.9K |
| Sell MEXC live order book, 6 min ago | 0.63 bp | 3.6 bp −$4 | 5.7 bp −$57 | 18.5 bp −$1,853 | 34.8 bp −$17.4K |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0181% / S +0.0347% | 1h | 790.06 | +0.020% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 790.11 | +0.027% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 791.07 | +0.148% | $855K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 790.02 | +0.015% | $9.6M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.923% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0047% | 8h | 790.16 | +0.033% | $6.2M | $18.7M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 790.10 | +0.025% | $590K | $1.9M | 50x | as long as short |
| Phemex BNBUSDT | +0.0058% | 8h | 790.73 | +0.105% | $69.3M | $50.3M | 50x | as long as short |
| BingX BNB-USDT | +0.0058% | 8h | 790.24 | +0.043% | — | $34.3M | — | as long as short |
| MEXC BNB_USDTshort | +0.0070% | 8h | 791.10 | +0.152% | $80.4M | $12.5M | 200x |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
Phemex BNBUSDT
BingX BNB-USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0071% | 8h | 790.69 | +0.100% | $493.8M | $791.6M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 790.26 | +0.045% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.76 | −0.018% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 790.18 | +0.035% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.25 | −0.082% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 790.72 | +0.104% | $51.9M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.81 | −0.011% | $1.2M | $914K | 20x | as long as short |
| Bybit BNBUSDTlong | +0.0100% | 8h | 789.90 | long leg | $139.0M | $76.1M | 75x | |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 790.00 | +0.013% | $53.4M | $111.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.90 | 0.000% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 790.00 | +0.013% | $35.4M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.94 | +0.005% | $27.7M | $10.4M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 789.74 | −0.020% | $76.5M | $30.3M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 790.74 | +0.106% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 789.30 | −0.076% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 790.24 | +0.042% | $4.1M | $74.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 790.01 | +0.014% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 790.06 | +0.020% | $133K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 790.40 | +0.063% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 790.72 | +0.104% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 790.40 | +0.063% | $389K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 790.17 | +0.035% | $8.1M | $9.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0102% | 8h | 790.24 | +0.043% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 789.10 | −0.101% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 790.10 | +0.025% | $380K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 790.39 | +0.062% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0138% | 8h | 790.45 | +0.070% | $2.9M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0184% | 8h | 790.60 | +0.089% | $104K | $2.7M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0190% | 1h | 789.65 | −0.031% | $160K | $64K | 10x | as long as short |
| BloFin BNB-USDT | +0.0191% | 8h | 790.95 | +0.133% | $18.2M | $2.2M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0280% | 1h | 790.31 | +0.052% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 790.67 | +0.098% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0327% | 1h | 789.75 | −0.020% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0338% | 1h | 790.78 | +0.111% | $640K | $9K | 10x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 790.08 | +0.023% | $1.1M | $979K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0576% | 1h | 790.23 | +0.042% | $67K | $38K | 12x | as long as short |
Binance BNBUSDT
Kraken Futures PF_BNBUSD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P