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: Gate against MEXC+0.018%7-day average −0.287% · you sell dearer than you buy
Net, funding: paid 7d − costs−$485as in the Funding arb table
Net, price: spread back to 7d avg − costs−$410as 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%
=The price spread pays, funding is against you. Gate is 0.306% dearer against MEXC than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.287%): +$31 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 18 hours. 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 | MEXC ALCH_USDT | 0.05413 | 0.1436 | pay 0.0718% / 4h | 2h 28m | $5.2M | $2.3M | 100x |
| Short | Gate ALCH_USDT | 0.05414 | 0.0100 | get 0.0050% / 4h | 2h 28m | $294K | $635K | 20x |
MEXC ALCH_USDT
Gate ALCH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$280.56
- Price spread: +0.018% → −0.287%
- $30.56
- Slippage, 4 orders
- −$421.73
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$690.72
- Costs to cover
- 4.407%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 28 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 | 11.03 bp | 21.7 bp −$22 | 113.8 bp −$1,138 | 154.3 bp −$15.4K | 372.9 bp −$186.4K |
| Sell Gate live order book, 28 min ago | 14.94 bp | 173.2 bp −$173 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.111% | — | $6.7M | — | as long as short |
| Bybit ALCHUSDT | +0.0100% | 4h | 0.05407 | −0.111% | $3.3M | $5.6M | 20x | as long as short |
| Gate ALCH_USDTshort | +0.0100% | 4h | 0.05414 | +0.018% | $294K | $635K | 20x | |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05421 | +0.148% | $1.0M | $1.5M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05428 | +0.271% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.1332% | 4h | 0.05425 | +0.229% | $13K | $86K | 5x | as long as short |
| MEXC ALCH_USDTlong | +0.1436% | 4h | 0.05413 | long leg | $5.2M | $2.3M | 100x | |
| Binance ALCHUSDT | +0.1436% | 4h | 0.05420 | +0.138% | $6.6M | $25.8M | 10x | as long as short |
| KuCoin ALCHUSDTM | +0.1702% | 4h | 0.05416 | +0.055% | $1.3M | $254K | 10x | as long as short |
| Kraken Futures PF_ALCHUSD | +0.4163% | 1h | 0.05426 | +0.240% | $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