Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.036%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2142.137% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.036%, 7d avg +0.112%

Together, before fees+0.012%+$1 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: MEXC is 0.076% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ATH_USDT	0.005576	0.0100	pay 0.0050% / 4h	1h 43m	$796K	$516K	30x
Short	MEXC ATH_USDT	0.005578	0.0100	get 0.0050% / 4h	1h 43m	$8.9M	$648K	50x

Funding 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 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 GatebpFee MEXCbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.112%: −$7.61
Slippage, 4 orders: −$190.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$221.28
Costs to cover: 2.137%
Break-even: never at this rate

Slippage from Gate: live order book, 38 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, 38 min ago	8.02 bp	96.4 bp −$96	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.79 bp	17.1 bp −$17	72.2 bp −$722	208.0 bp −$20.8K	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.4633%	1h	0.005570	−0.109%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0051%	4h	0.005564	−0.224%	$187K	$93K	—	as long as short
dYdX ATH-USD	−0.0018%	1h	0.005584	+0.152%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0082%	4h	0.005569	−0.126%	$711K	$1.2M	20x	as long as short
BloFin ATH-USDT	+0.0090%	4h	0.005583	+0.126%	$174K	$62K	75x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005580	+0.068%	$6K	$35K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005579	+0.054%	$3.4M	$3.9M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005570	−0.108%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDTlong	+0.0100%	4h	0.005576	long leg	$796K	$516K	30x
MEXC ATH_USDTshort	+0.0100%	4h	0.005578	+0.036%	$8.9M	$648K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005568	−0.143%	$571K	$81K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005576	0.000%	$1.6M	$797K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005569	−0.126%	—	$22.0M	—	as long as short