Funding you earn now, next payment 04:00 UTC−0.0425%/8h= −46.5% APRnext payment −$2.12 per $10,000 · paid last 24h −0.575%
Price spread now: MEXC against Bybit+0.346%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1901.900% of the position
Funding, last 7 days−0.749%−$75 on $10k
+Price spread, last 4 days (all we have)−0.498%−$50 · spread now +0.346%, 7d avg −0.054%
=The price spread pays, funding is against you. MEXC is 0.400% dearer against Bybit than usual: you sell high and buy low (spread +0.346% now, against its 7-day average of −0.054%): +$40 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STEEMUSDT | 0.05782 | 0.0525 | pay 0.0262% / 4h | 3h 31m | $1.3M | $1.1M | 13x |
| Short | MEXC STEEM_USDT | 0.05802 | 0.0100 | get 0.0050% / 4h | 3h 31m | $430K | $119K | 20x |
Bybit STEEMUSDT
MEXC STEEM_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
- −$89.23
- Price spread: +0.346% → −0.054%
- $40.01
- Slippage, 4 orders
- −$171.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$239.26
- Costs to cover
- 1.900%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 24 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 | 2.60 bp | 90.7 bp −$91 | 233.7 bp −$2,337 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 24 min ago | 1.74 bp | 10.0 bp −$10 | 66.7 bp −$667 | 147.7 bp −$14.8K | doesn't fit |
STEEM 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDT | +0.0070% | 4h | 0.05798 | +0.277% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05800 | +0.311% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05803 | +0.363% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDTshort | +0.0100% | 4h | 0.05802 | +0.346% | $430K | $119K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05804 | +0.380% | $417K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05803 | +0.363% | $474K | $285K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05781 | −0.024% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05798 | +0.277% | $40K | $33K | 20x | as long as short |
| Bybit STEEMUSDTlong | +0.0525% | 4h | 0.05782 | long leg | $1.3M | $1.1M | 13x | |
| Kraken Futures PF_STEEMUSD | +0.0543% | 1h | 0.05820 | +0.663% | $8K | $5K | 10x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Kraken Futures PF_STEEMUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STEEM_USDT | +0.0838% | 4h | 0.05810 | +0.484% | $290K | $111K | 20x | as long as short |
Gate STEEM_USDT