Funding you earn now, next payment 00:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against Bybit−0.061%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.061%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.030% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USDCUSDT | 1.0000 | 0 | get 0.0000% / 8h | 2h 04m | $9.5M | $372K | 50x |
| Short | MEXC USDC_USDT | 0.9994 | −0.0087 | pay 0.0087% / 8h | 2h 04m | $16.6M | $267K | 200x |
Bybit USDCUSDT
MEXC USDC_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
- −$18.27
- Price spread: −0.061% → −0.031%
- −$2.96
- Slippage, 4 orders
- −$1.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$41.33
- Costs to cover
- 0.201%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; MEXC: 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 Bybit live order book, 4 min ago | 0.50 bp | 6.0 bp −$6 | 6.9 bp −$69 | 424.1 bp −$42.4K | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$414 | 4.6 bp −$2,323 |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0088% | 8h | 0.9994 | −0.060% | $4.3M | $3.6M | 50x | as long as short |
| MEXC USDC_USDTshort | −0.0087% | 8h | 0.9994 | −0.061% | $16.6M | $267K | 200x | |
| Kraken Futures PF_USDCUSD | −0.0071% | 1h | 0.9998 | −0.025% | $14K | $928 | 50x | as long as short |
| Bitget USDCUSDT | −0.0058% | 8h | 0.9993 | −0.070% | $4.3M | $17K | 50x | as long as short |
| Bybit USDCUSDTlong | 0.0000% | 8h | 1.0000 | long leg | $9.5M | $372K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | −0.002% | $1.1M | $45K | 50x | as long as short |
| KuCoin USDCUSDTM | +0.0001% | 8h | 0.9994 | −0.060% | $2.5M | $19K | 30x | as long as short |
| Gate USDC_USDT | +0.0100% | 8h | 0.9996 | −0.040% | $253K | $19K | 50x | as long as short |
Binance USDCUSDT
Kraken Futures PF_USDCUSD
Bitget USDCUSDT
OKX USDC-USDT-SWAP
KuCoin USDCUSDTM
Gate USDC_USDT