Funding you earn now, next payment 04:00 UTC−0.1304%/8h= −142.8% APRnext payment −$6.52 per $10,000 · paid last 24h −0.498%
Price spread now: MEXC against Bybit+0.142%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$980.981% of the position
Funding, last 7 days−0.413%−$41 on $10k
+Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.142%, 7d avg +0.008%
=The price spread pays, funding is against you. MEXC is 0.135% dearer against Bybit than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of +0.008%): +$13 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.413% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.413% in total (about -21.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.52 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 | Bybit ONTUSDT | 0.05626 | 0.1404 | pay 0.0702% / 4h | 1h 54m | $796K | $330K | 25x |
| Short | MEXC ONT_USDT | 0.05634 | 0.0100 | get 0.0050% / 4h | 1h 54m | $1.5M | $150K | 50x |
Bybit ONTUSDT
MEXC ONT_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
- −$273.89
- Price spread: +0.142% → +0.008%
- $13.45
- Slippage, 4 orders
- −$83.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$358.57
- Costs to cover
- 0.981%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; MEXC: 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 Bybit live order book, 5 min ago | 3.56 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.89 bp | 8.0 bp −$8 | 20.6 bp −$206 | 526.2 bp −$52.6K | doesn't fit |
ONT 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ONTUSDT | +0.0100% | 4h | 0.05634 | +0.142% | $27K | $537 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05632 | +0.099% | $2.4M | $2.7M | 50x | as long as short |
| OKX ONT-USDT-SWAP | +0.0100% | 4h | 0.05627 | +0.018% | $798K | $916K | 20x | as long as short |
| Gate ONT_USDT | +0.0100% | 4h | 0.05640 | +0.249% | $178K | $57K | 50x | as long as short |
| MEXC ONT_USDTshort | +0.0100% | 4h | 0.05634 | +0.142% | $1.5M | $150K | 50x | |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05631 | +0.089% | $519K | $45K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05636 | +0.178% | $797K | $312K | 50x | as long as short |
| Kraken Futures PF_ONTUSD | +0.0472% | 1h | 0.05662 | +0.645% | $9K | $262 | 10x | as long as short |
| Variational Omni ONT | +0.1177% | 4h | 0.05645 | +0.339% | $4K | $3K | — | as long as short |
| BingX ONT-USDT | +0.1384% | 4h | 0.05631 | +0.089% | — | $2.3M | — | as long as short |
Aster ONTUSDT
Binance ONTUSDT
OKX ONT-USDT-SWAP
Gate ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
Kraken Futures PF_ONTUSD
Variational Omni ONT
BingX ONT-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONTUSDTlong | +0.1404% | 4h | 0.05626 | long leg | $796K | $330K | 25x |