Funding you earn now, next payment 04:00 UTC+0.1336%/8h= +146.3% APRnext payment +$6.68 per $10,000 · paid last 24h +0.294%
Price spread now: MEXC against Gate−0.018%7-day average +0.287% · you buy dearer than you sell
Net, funding: paid 7d − costs−$396as in the Funding arb table
Net, price: spread back to 7d avg − costs−$471as in the Price arb table
costs, in and out, $10k−$4414.407% of the position
Funding, last 7 days+0.447%+$45 on $10k
+Price spread, last 4 days (all we have)+0.270%+$27 · spread now −0.018%, 7d avg +0.287%
=Funding pays, the price is against you. MEXC is 0.306% cheaper against Gate than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.287%). If the spread goes back, that is −$31 on $10k: about 18 hours of funding at the current rate (+$40 a day). At the pace of the last 7 days (+0.447% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.447% in total (about 23.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ALCH_USDT | 0.05414 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $294K | $635K | 20x |
| Short | MEXC ALCH_USDT | 0.05413 | 0.1436 | get 0.0718% / 4h | 2h 28m | $5.2M | $2.3M | 100x |
Gate ALCH_USDT
MEXC ALCH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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
- $280.56
- Price spread: −0.018% → +0.287%
- −$30.56
- Slippage, 4 orders
- −$421.73
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$190.73
- Costs to cover
- 4.407%
- Break-even
- 11.8 days
Slippage from Gate: live order book, 28 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 Gate live order book, 28 min ago | 14.94 bp | 205.8 bp −$206 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 11.03 bp | 40.1 bp −$40 | 126.7 bp −$1,267 | 175.8 bp −$17.6K | 440.8 bp −$220.4K |
ALCH on 10 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 ALCH-USDT | +0.0070% | 4h | 0.05407 | −0.129% | — | $6.7M | — | as long as short |
| Bybit ALCHUSDT | +0.0100% | 4h | 0.05407 | −0.129% | $3.3M | $5.6M | 20x | as long as short |
| Gate ALCH_USDTlong | +0.0100% | 4h | 0.05414 | long leg | $294K | $635K | 20x | |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05421 | +0.129% | $1.0M | $1.5M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05428 | +0.252% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.1332% | 4h | 0.05425 | +0.211% | $13K | $86K | 5x | as long as short |
| MEXC ALCH_USDTshort | +0.1436% | 4h | 0.05413 | −0.018% | $5.2M | $2.3M | 100x | |
| Binance ALCHUSDT | +0.1436% | 4h | 0.05420 | +0.120% | $6.6M | $25.8M | 10x | as long as short |
| KuCoin ALCHUSDTM | +0.1702% | 4h | 0.05416 | +0.037% | $1.3M | $254K | 10x | as long as short |
| Kraken Futures PF_ALCHUSD | +0.4163% | 1h | 0.05426 | +0.221% | $10K | $28K | 10x | as long as short |
BingX ALCH-USDT
Bybit ALCHUSDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
Binance ALCHUSDT
KuCoin ALCHUSDTM
Kraken Futures PF_ALCHUSD