BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.64 per $10,000 · paid last 24h +0.004%

Price spread now: Bybit against MEXC−0.010%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$150.150% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.010%, 7d avg +0.002%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	86,190.2	0.0100	pay 0.0100% / 8h	6h 05m	$5.15B	$5.41B	500x
Short	Bybit BTCUSDT	86,181.6	0.0036	get 0.0036% / 8h	6h 05m	$5.13B	$8.23B	150x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BybitbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$13.41
Price spread: −0.010% → +0.002%: −$1.16
Slippage, 4 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$29.59
Costs to cover: 0.150%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: 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 MEXC live order book, 2 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$210	2.6 bp −$1,299
Sell Bybit live order book, 2 min ago	0.01 bp	5.5 bp −$6	5.5 bp −$55	5.8 bp −$580	7.6 bp −$3,814

BTC on 55 exchanges

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
Hotstuff BTC-PERP	−0.0080%	1h	86,178	−0.014%	$8K	$2K	50x	as long as short
Injective BTC/USDC PERP	−0.0065%	1h	86,047	−0.166%	$358K	$29.4M	52x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	86,187.4	−0.003%	$362K	$2.0M	50x	as long as short
ApeX Omni BTCUSDT	−0.0047%	1h	86,024.2	−0.193%	$137.6M	$295.3M	100x	as long as short
BloFin BTC-USDT	−0.0020%	8h	86,058	−0.153%	$421.9M	$569.2M	150x	as long as short
dYdX BTC-USD	0.0000%	1h	86,033.5	−0.182%	$16.9M	$14.5M	50x	as long as short
Perpl BTC	0.0000%	43m	86,040.3	−0.174%	$477K	$14.0M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,132.5	−0.067%	$36.8M	—	200x	as long as short
SoDEX BTC-USD	+0.0012%	1h	86,109	−0.094%	$65.6M	$187.9M	40x	as long as short
BingX BTC-USDC	+0.0027%	8h	86,158.4	−0.037%	—	$16.4M	—	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BTCUSDT	+0.0032%	8h	86,185.9	−0.005%	$513.2M	$886.1M	200x	as long as short
Bybit BTCUSDTshort	+0.0036%	8h	86,181.6	−0.010%	$5.13B	$8.23B	150x
KuCoin XBTUSDTM	+0.0049%	8h	86,195.7	+0.006%	$939.4M	$639.6M	125x	as long as short
Phoenix BTC	+0.0053%	1h	86,010	−0.209%	$2.0M	$8.5M	40x	as long as short
Gate BTC_USDT	+0.0072%	8h	86,201.5	+0.013%	$5.53B	$9.31B	200x	as long as short
Nado BTC-PERP	+0.0073%	1h	86,016.7	−0.201%	$22.6M	$197.8M	50x	as long as short
HTX BTC-USDT	+0.0096%	8h	86,117.9	−0.084%	$2.27B	$817.3M	200x	as long as short
Lighter BTC	+0.0096%	1h	86,214.3	+0.028%	$173.7M	$891.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,211.5	+0.025%	$23.8M	$126.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,035	−0.180%	$8.8M	$45.9M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	86,106.7	−0.097%	$2.4M	$6.7M	20x	as long as short
Bitget BTCUSDT	+0.0098%	8h	86,190.3	0.000%	$2.99B	$4.03B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,169	−0.025%	$214K	$8.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,221	+0.036%	$6.0M	$7.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,229.1	+0.045%	$40.3M	$571.2M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	86,204.9	+0.017%	$9.46B	$20.86B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,193.3	+0.004%	$2.61B	$9.61B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,182	−0.010%	$4.0M	$15.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,216.6	+0.031%	$4.2M	$90.4M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,033.4	−0.182%	$714.5M	$139.4M	40x	as long as short
MEXC BTC_USDTlong	+0.0100%	8h	86,190.2	long leg	$5.15B	$5.41B	500x
Backpack BTC_USDC_PERP	+0.0100%	1h	86,115	−0.087%	$37.6M	$194.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,991.9	−0.230%	$156.3M	$484.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,979	−0.245%	$289.5M	$836.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,018.1	−0.200%	$215.9M	$132.5M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,993	−0.229%	$30.2M	$221.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,090.7	−0.115%	—	$9.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,037	−0.178%	$11.1M	$12.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,062	−0.149%	$203K	$3.2M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,091.1	−0.115%	$2.7M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,101.2	−0.103%	$195K	$565K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,076.3	−0.132%	$3.2M	$7.0M	100x	as long as short
Phemex BTCUSDT	+0.0100%	8h	86,118.9	−0.083%	$170.4M	$479.7M	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0102%	1h	86,144.2	−0.053%	$191.6M	$780.6M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	86,153.6	−0.042%	$46.8M	$205.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	86,033.1	−0.182%	—	$81.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,168.6	−0.025%	$112.4M	$4.98B	50x	as long as short
Hyperliquid BTC	+0.0143%	1h	86,287.9	+0.113%	$3.97B	$4.39B	40x	as long as short
Reya BTCRUSDPERP	+0.0161%	1h	86,016.9	−0.201%	$6.6M	$131.3M	40x	as long as short
Kalshi KXBTCPERP	+0.0161%	8h	86,092	−0.114%	$11.6M	$728.2M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0199% / S −0.0183%	1h	86,123.5	−0.077%	$13.2M	—	200x	as long as short
RISEx BTC/USDC	+0.0204%	1h	86,045.9	−0.167%	$9.0M	$38.0M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0324%	1h	86,175.3	−0.017%	$827.6M	$1.52B	50x	as long as short
Hibachi BTC/USDT-P	+0.0336%	1h	86,045.4	−0.168%	$705K	$7.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0436%	1h	86,064.1	−0.146%	$81K	$245K	20x	as long as short