Funding you earn now, next payment 08:00 UTC+0.1654%/8h= +181.1% APRnext payment +$8.27 per $10,000 · paid last 24h −0.069%
Price spread now: Bybit against MEXC+0.210%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1271.270% of the position
Funding, last 7 days−0.408%−$41 on $10k
+Price spread, last 7 days−0.418%−$42 · spread now +0.210%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Bybit is 0.243% dearer against MEXC than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.408%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.408% in total (about -21.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.27 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 | MEXC CP_USDT | 0.01428 | 0.0100 | pay 0.0050% / 4h | 2h 33m | $1.6M | $392K | 20x |
| Short | Bybit CPUSDT | 0.01431 | 0.1754 | get 0.0877% / 4h | 2h 33m | $1.6M | $3.0M | 20x |
MEXC CP_USDT
Bybit CPUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $347.26
- Price spread: +0.210% → −0.033%
- $24.33
- Slippage, 4 orders
- −$112.01
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $244.58
- Costs to cover
- 1.270%
- Break-even
- 2.1 days
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 9 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, 3 min ago | 3.47 bp | 10.0 bp −$10 | 61.0 bp −$610 | 454.3 bp −$45.4K | doesn't fit |
| Sell Bybit live order book, 9 min ago | 6.96 bp | 48.8 bp −$49 | 309.3 bp −$3,093 | doesn't fit | doesn't fit |
CP on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CP-USDT | +0.0047% | 4h | 0.01433 | +0.350% | $431 | $42K | 20x | as long as short |
| BingX CP-USDT | +0.0070% | 4h | 0.01428 | 0.000% | — | $1.0M | — | as long as short |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01427 | −0.070% | $4.0M | $11.8M | 20x | as long as short |
| Gate CP_USDT | +0.0100% | 4h | 0.01428 | 0.000% | $612K | $517K | 20x | as long as short |
| MEXC CP_USDTlong | +0.0100% | 4h | 0.01428 | long leg | $1.6M | $392K | 20x | |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01430 | +0.140% | $202K | $892K | 20x | as long as short |
| Bitget CPUSDT | +0.0100% | 4h | 0.01429 | +0.056% | $811K | $1.7M | 20x | as long as short |
| Bybit CPUSDTshort | +0.1754% | 4h | 0.01431 | +0.210% | $1.6M | $3.0M | 20x |
BloFin CP-USDT
BingX CP-USDT
OKX CP-USDT-SWAP
Gate CP_USDT
KuCoin CPUSDTM
Bitget CPUSDT