Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against MEXC−0.110%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$470.475% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.110%, 7d avg +0.025%
=Funding pays, the price is against you. Bybit is 0.135% cheaper against MEXC than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of +0.025%). If the spread goes back, that is −$14 on $10k: about 15 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC FIL_USDC | 0.9974 | 0.0070 | pay 0.0070% / 8h | 6h 41m | $244K | $104K | 50x |
| Short | Bybit FILUSDT | 0.9963 | 0.0100 | get 0.0100% / 8h | 6h 41m | $15.9M | $19.1M | 25x |
MEXC FIL_USDC
Bybit FILUSDTFunding 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
- $6.3
- Price spread: −0.110% → +0.025%
- −$13.51
- Slippage, 4 orders
- −$36.45
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.66
- Costs to cover
- 0.475%
- Break-even
- 67.7 days
Slippage from MEXC: live order book, 8 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, 8 min ago | 3.50 bp | 7.7 bp −$8 | 13.3 bp −$133 | 67.9 bp −$6,793 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.50 bp | 13.4 bp −$13 | 31.6 bp −$316 | 131.4 bp −$13.1K | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 1.0020 | +0.461% | $366K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0192% | 1h | 0.9985 | +0.108% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0063% | 8h | 0.9960 | −0.140% | $18.4M | $100.1M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0050% | 1h | 0.9994 | +0.201% | $172K | $23K | 25x | as long as short |
| KuCoin FILUSDTM | −0.0044% | 8h | 0.9981 | +0.070% | $7.4M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9985 | +0.106% | $36K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9976 | +0.015% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 0.9973 | −0.006% | $699K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0027% | 8h | 0.9962 | −0.122% | $57.8M | $183.2M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.193% | $2K | $240K | 12x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
Deribit FIL_USDC-PERPETUAL
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDClong | +0.0070% | 8h | 0.9974 | long leg | $244K | $104K | 50x | |
| Gate FIL_USDT | +0.0082% | 8h | 0.9973 | −0.010% | $8.3M | $16.1M | 50x | as long as short |
| BloFin FIL-USDT | +0.0093% | 8h | 0.9993 | +0.190% | $2.7M | $610K | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9974 | +0.005% | $158K | $345K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9968 | −0.061% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9989 | +0.152% | $510K | $612K | 20x | as long as short |
| Bybit FILUSDTshort | +0.0100% | 8h | 0.9963 | −0.110% | $15.9M | $19.1M | 25x | |
| Bitget FILUSDT | +0.0100% | 8h | 0.9959 | −0.150% | $11.0M | $22.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9962 | −0.120% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0029 | +0.551% | $449K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9992 | +0.178% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9960 | −0.145% | $297K | $849K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | +0.261% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9994 | +0.206% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9980 | +0.060% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9979 | +0.050% | $492 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9988 | +0.140% | $647K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | +0.060% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 0.9988 | +0.139% | $267K | — | 100x | as long as short |
Gate FIL_USDT
BloFin FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]