Funding you earn now, next payment 04:00 UTC+0.0493%/8h= +54.0% APRnext payment +$2.47 per $10,000 · paid last 24h +0.118%
Price spread now: Bybit against MEXC0.000%7-day average +0.223% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1041.037% of the position
Funding, last 7 days+0.407%+$41 on $10k
+Price spread, last 7 days+2.037%+$204 · spread now 0.000%, 7d avg +0.223%
=Funding pays, the price is against you. Bybit is 0.223% cheaper against MEXC than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.223%). If the spread goes back, that is −$22 on $10k: about 36 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.407% in total) that is about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC T_USDT | 0.005164 | −0.0796 | get 0.0398% / 4h | 3h 34m | $3.1M | $256K | 20x |
| Short | Bybit TUSDT | 0.005164 | −0.0303 | pay 0.0151% / 4h | 3h 34m | $1.6M | $1.7M | 25x |
MEXC T_USDT
Bybit TUSDTFunding 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
- $103.61
- Price spread: 0.000% → +0.223%
- −$22.26
- Slippage, 4 orders
- −$88.66
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$22.31
- Costs to cover
- 1.037%
- Break-even
- 8.5 days
Slippage from MEXC: live order book, 3 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, 3 min ago | 1.95 bp | 11.4 bp −$11 | 29.0 bp −$290 | 110.4 bp −$11.0K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.92 bp | 43.0 bp −$43 | 225.1 bp −$2,251 | doesn't fit | doesn't fit |
T 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.3812% | 1h | 0.005158 | −0.116% | $2K | $2K | 10x | as long as short |
| KuCoin TUSDTM | −0.0836% | 4h | 0.005160 | −0.077% | $1.3M | $82K | 12x | as long as short |
| Variational Omni T | −0.0796% | 4h | 0.005131 | −0.645% | $8K | $9K | — | as long as short |
| MEXC T_USDTlong | −0.0796% | 4h | 0.005164 | long leg | $3.1M | $256K | 20x | |
| Binance TUSDT | −0.0783% | 4h | 0.005163 | −0.019% | $3.3M | $8.4M | 50x | as long as short |
| Gate T_USDT | −0.0656% | 4h | 0.005158 | −0.116% | $213K | $99K | 20x | as long as short |
| Bitget TUSDT | −0.0548% | 4h | 0.005156 | −0.155% | $879K | $618K | 50x | as long as short |
| Bybit TUSDTshort | −0.0303% | 4h | 0.005164 | 0.000% | $1.6M | $1.7M | 25x |
Kraken Futures PF_TUSD
KuCoin TUSDTM
Variational Omni T
Binance TUSDT
Gate T_USDT
Bitget TUSDT