Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC+0.160%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$850.855% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.160%, 7d avg +0.154%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USUAL_USDT | 0.01371 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $6.0M | $245K | 100x |
| Short | Bybit USUALUSDT | 0.01373 | 0.0100 | get 0.0050% / 4h | 3h 33m | $1.0M | $809K | 25x |
MEXC USUAL_USDT
Bybit USUALUSDTFunding 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
- $0
- Price spread: +0.160% → +0.154%
- $0.61
- Slippage, 4 orders
- −$70.46
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$84.85
- Costs to cover
- 0.855%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 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, 4 min ago | 2.55 bp | 8.0 bp −$8 | 142.7 bp −$1,427 | 878.2 bp −$87.8K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.46 bp | 35.4 bp −$35 | 120.4 bp −$1,204 | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4996% | 1h | 0.01365 | −0.452% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0643% | 1h | 0.01371 | −0.018% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01372 | +0.058% | $395K | $189K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01371 | −0.004% | $2.1M | $3.4M | 50x | as long as short |
| Bybit USUALUSDTshort | +0.0100% | 4h | 0.01373 | +0.160% | $1.0M | $809K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01373 | +0.131% | $928K | $212K | 50x | as long as short |
| MEXC USUAL_USDTlong | +0.0100% | 4h | 0.01371 | long leg | $6.0M | $245K | 100x | |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01373 | +0.131% | $271K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01374 | +0.204% | $825K | $453K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01371 | +0.015% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Gate USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01374 | +0.189% | $9K | $208 | — | as long as short |
Variational Omni USUAL