Funding you earn now, next payment 04:00 UTC−0.1388%/8h= −152.0% APRnext payment −$6.94 per $10,000 · paid last 24h −0.169%
Price spread now: Bybit against MEXC−0.021%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1351.350% of the position
Funding, last 7 days−0.459%−$46 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.021%, 7d avg −0.054%
=The price spread pays, funding is against you. Bybit is 0.033% dearer against MEXC than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.054%): +$3 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.459% in total) that is about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.459% in total (about -23.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.94 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 M_USDT | 1.4316 | 0.1488 | pay 0.0744% / 4h | 2h 03m | $240K | $109K | 50x |
| Short | Bybit MUSDT | 1.4313 | 0.0100 | get 0.0050% / 4h | 2h 03m | $4.5M | $1.8M | 20x |
MEXC M_USDT
Bybit MUSDTFunding 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
- −$291.48
- Price spread: −0.021% → −0.054%
- $3.29
- Slippage, 4 orders
- −$119.98
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$423.17
- Costs to cover
- 1.350%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 45 min ago; Bybit: live order book, 4 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, 45 min ago | 4.51 bp | 31.4 bp −$31 | 48.0 bp −$480 | 124.9 bp −$12.5K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.50 bp | 39.4 bp −$39 | 225.2 bp −$2,252 | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDTshort | +0.0100% | 4h | 1.4313 | −0.021% | $4.5M | $1.8M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4280 | −0.251% | $1.9M | $905K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4312 | −0.028% | $1.9M | $239K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4276 | −0.279% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4296 | −0.140% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4302 | −0.098% | $1K | $713K | 20x | as long as short |
| Aster MUSDT | +0.1132% | 4h | 1.4268 | −0.338% | $16K | $93K | 5x | as long as short |
| BingX M-USDT | +0.1430% | 4h | 1.4307 | −0.063% | — | $2.4M | — | as long as short |
| Binance MUSDT | +0.1481% | 4h | 1.4317 | +0.006% | $5.6M | $3.7M | 10x | as long as short |
| MEXC M_USDTlong | +0.1488% | 4h | 1.4316 | long leg | $240K | $109K | 50x |
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
Binance MUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MUSDTM | +0.3168% | 4h | 1.4190 | −0.880% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM