Funding you earn now, next payment 20:00 UTC+0.0308%/8h= +33.7% APRnext payment +$1.54 per $10,000 · paid last 24h +0.108%
Price spread now: MEXC against Bybit−0.118%7-day average −0.267% · you buy dearer than you sell
Net, funding: paid 7d − costs−$344as in the Funding arb table
Net, price: spread back to 7d avg − costs−$351as in the Price arb table
costs, in and out, $10k−$3663.656% of the position
Funding, last 7 days+0.215%+$21 on $10k
+Price spread, last 7 days−0.169%−$17 · spread now −0.118%, 7d avg −0.267%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.149% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.267%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.215% in total (about 11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.54 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUSDT | 0.01858 | 0.0100 | pay 0.0050% / 4h | 9m 06s | $3.7M | $1.4M | 20x |
| Short | MEXC US_USDT | 0.01855 | 0.0408 | get 0.0204% / 4h | 9m 06s | $6.2M | $176K | 100x |
Bybit USUSDT
MEXC US_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
- $64.68
- Price spread: −0.118% → −0.267%
- $14.85
- Slippage, 4 orders
- −$350.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$286.05
- Costs to cover
- 3.656%
- Break-even
- 38.0 days
Slippage from Bybit: live order book, 1 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, 1 min ago | 8.08 bp | 162.8 bp −$163 | 3066.1 bp −$30.7K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 4.32 bp | 40.9 bp −$41 | 78.1 bp −$781 | 502.3 bp −$50.2K | doesn't fit |
US on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.0492% | 4h | 0.01847 | −0.555% | $3.0M | $913K | 20x | as long as short |
| Bybit USUSDTlong | +0.0100% | 4h | 0.01858 | long leg | $3.7M | $1.4M | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01852 | −0.318% | $2.4M | $1.3M | 20x | as long as short |
| Bitget USUSDT | +0.0100% | 4h | 0.01857 | −0.032% | $4.8M | $753K | 10x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01857 | −0.046% | $17K | $3K | — | as long as short |
| Binance USUSDT | +0.0405% | 4h | 0.01854 | −0.188% | $10.3M | $5.8M | 10x | as long as short |
| Extended US-USD | +0.0408% | 1h | 0.01855 | −0.144% | $4K | $268K | 5x | as long as short |
| MEXC US_USDTshort | +0.0408% | 4h | 0.01855 | −0.118% | $6.2M | $176K | 100x | |
| BingX US-USDT | +0.0410% | 4h | 0.01854 | −0.172% | — | $1.4M | — | as long as short |
| BloFin US-USDT | +0.0427% | 4h | 0.01850 | −0.404% | $571K | $62K | 10x | as long as short |
KuCoin USUSDTM
Gate US_USDT
Bitget USUSDT
Variational Omni US
Binance USUSDT
Extended US-USD
BingX US-USDT
BloFin US-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster USUSDT | +0.0778% | 4h | 0.01851 | −0.366% | $20K | $54K | 5x | as long as short |
Aster USUSDT