Funding you earn now, next payment 08:00 UTC+0.0445%/8h= +48.7% APRnext payment +$2.22 per $10,000 · paid last 24h +0.246%
Price spread now: MEXC against Bybit+0.063%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1441.442% of the position
Funding, last 7 days+0.740%+$74 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.063%, 7d avg +0.086%
=Funding pays, the price is against you. MEXC is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread +0.063% now, against its 7-day average of +0.086%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$13 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.8195 | 0.0519 | pay 0.0260% / 4h | 3h 23m | $15.9M | $41.4M | 10x |
| Short | MEXC BTW_USDT | 0.8200 | 0.0964 | get 0.0482% / 4h | 3h 23m | $9.4M | $6.5M | 20x |
Bybit BTWUSDT
MEXC BTW_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
- $93.4
- Price spread: +0.063% → +0.086%
- −$2.28
- Slippage, 4 orders
- −$133.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$53.04
- Costs to cover
- 1.442%
- Break-even
- 11.0 days
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 5 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, 1 min ago | 6.34 bp | 62.9 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.61 bp | 15.7 bp −$16 | 56.7 bp −$567 | 267.8 bp −$26.8K | 726.3 bp −$363.1K |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8193 | −0.021% | $7.3M | $4.9M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8212 | +0.204% | $211K | $793K | 10x | as long as short |
| Bybit BTWUSDTlong | +0.0519% | 4h | 0.8195 | long leg | $15.9M | $41.4M | 10x | |
| Bitget BTWUSDT | +0.0642% | 4h | 0.8215 | +0.245% | $25.8M | $15.2M | 5x | as long as short |
| Aster BTWUSDT | +0.0649% | 4h | 0.8193 | −0.028% | $2.2M | $3.2M | 5x | as long as short |
| BingX BTW-USDT | +0.0938% | 4h | 0.8202 | +0.088% | — | $4.3M | — | as long as short |
| MEXC BTW_USDTshort | +0.0964% | 4h | 0.8200 | +0.063% | $9.4M | $6.5M | 20x | |
| Binance BTWUSDT | +0.0974% | 4h | 0.8188 | −0.083% | $114.1M | $180.9M | 10x | as long as short |
| Extended BTW-USD | +0.0976% | 1h | 0.8197 | +0.025% | $35K | $15K | 5x | as long as short |
| edgeX BTWUSDC | +0.0976% | 4h | 0.8182 | −0.154% | $337K | $504K | 10x | as long as short |
KuCoin BTWUSDTM
HTX BTW-USDT
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
Binance BTWUSDT
Extended BTW-USD
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.1038% | 4h | 0.8195 | 0.000% | $3.4M | $17.9M | 10x | as long as short |
Gate BTW_USDT