Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against MEXC+0.027%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$602as in the Funding arb table

Net, price: spread back to 7d avg − costs−$598as in the Price arb table

costs, in and out, $10k−$6046.039% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.027%, 7d avg −0.037%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.063% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007480	0.0100	pay 0.0050% / 4h	2h 53m	$399K	$194K	50x
Short	Gate ALT_USDT	0.007482	0.0100	get 0.0100% / 8h	2h 53m	$51K	$414K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.037%: $6.34
Slippage, 4 orders: −$584.92
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$597.58
Costs to cover: 6.039%
Break-even: never at this rate

Slippage from MEXC: live order book, 29 min ago; Gate: live order book, 31 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, 29 min ago	2.00 bp	10.3 bp −$10	58.2 bp −$582	261.8 bp −$26.2K	428.7 bp −$214.3K
Sell Gate live order book, 31 min ago	8.67 bp	277.1 bp −$277	doesn't fit	doesn't fit	doesn't fit

ALT on 14 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
Bybit ALTUSDT	−0.0799%	4h	0.007475	−0.067%	$1.2M	$1.6M	25x	as long as short
Variational Omni ALT	−0.0452%	4h	0.007477	−0.041%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0285%	1h	0.007478	−0.027%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.324%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0081%	4h	0.007497	+0.227%	$173K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007480	0.000%	$1.1M	$186K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007482	+0.027%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007482	+0.027%	$51K	$414K	25x
MEXC ALT_USDTlong	+0.0100%	4h	0.007480	long leg	$399K	$194K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007483	+0.040%	$150K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007476	−0.053%	$615K	$102K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007482	+0.027%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0201%	1h	0.007486	+0.083%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007512	+0.428%	$14K	$2K	50x	as long as short