Funding you earn now, next payment 12:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.98 per $10,000 · paid last 24h −0.059%
Price spread now: Gate against MEXC−0.147%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$536as in the Funding arb table
Net, price: spread back to 7d avg − costs−$533as in the Price arb table
costs, in and out, $10k−$5275.273% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.147%, 7d avg −0.095%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.052% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 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 BILL_USDT | 0.01363 | 0.0296 | pay 0.0148% / 4h | 3h 39m | $1.1M | $347K | 50x |
| Short | Gate BILL_USDT | 0.01361 | 0.0100 | get 0.0050% / 4h | 3h 39m | $296K | $132K | 20x |
MEXC BILL_USDT
Gate BILL_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
- −$41.16
- Price spread: −0.147% → −0.095%
- −$5.17
- Slippage, 4 orders
- −$512.34
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$573.66
- Costs to cover
- 5.273%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 52 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, 1 min ago | 3.67 bp | 12.9 bp −$13 | 134.4 bp −$1,344 | 403.7 bp −$40.4K | doesn't fit |
| Sell Gate live order book, 52 min ago | 11.01 bp | 315.5 bp −$316 | doesn't fit | doesn't fit | doesn't fit |
BILL on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin BILL-USDT | +0.0052% | 4h | 0.01364 | +0.073% | $146K | $17K | 20x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01361 | −0.147% | $1.3M | $1.1M | 20x | as long as short |
| Gate BILL_USDTshort | +0.0100% | 4h | 0.01361 | −0.147% | $296K | $132K | 20x | |
| SunX BILL-USDT | +0.0100% | 4h | 0.01365 | +0.147% | $1K | $1.3M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01363 | 0.000% | $11K | $40K | 20x | as long as short |
| Aster BILLUSDT | +0.0150% | 4h | 0.01364 | +0.092% | $3K | $6K | 5x | as long as short |
| Binance BILLUSDT | +0.0295% | 4h | 0.01364 | +0.063% | $2.5M | $4.3M | 20x | as long as short |
| Extended BILL-USD | +0.0296% | 1h | 0.01363 | +0.033% | $1K | $269K | 5x | as long as short |
| MEXC BILL_USDTlong | +0.0296% | 4h | 0.01363 | long leg | $1.1M | $347K | 50x | |
| Bitget BILLUSDT | +0.0418% | 4h | 0.01363 | 0.000% | $673K | $1.4M | 20x | as long as short |
BloFin BILL-USDT
Bybit BILLUSDT
SunX BILL-USDT
HTX BILL-USDT
Aster BILLUSDT
Binance BILLUSDT
Extended BILL-USD
Bitget BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BILL-USDT | +0.0504% | 4h | 0.01364 | +0.073% | — | $1.7M | — | as long as short |
| OKX BILL-USDT-SWAP | +0.0525% | 4h | 0.01363 | 0.000% | $1.1M | $3.0M | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0816% | 1h | 0.01362 | −0.059% | $37K | $71K | 50x | as long as short |
| KuCoin BILLUSDTM | +0.0972% | 4h | 0.01362 | −0.073% | $447K | $377K | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.1600% | 1h | 0.01362 | −0.073% | $21K | $875 | 5x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2397% | 1h | 0.01364 | +0.059% | $148K | $53K | 10x | as long as short |
BingX BILL-USDT
OKX BILL-USDT-SWAP
Coinbase International BILL-PERP-INTX
KuCoin BILLUSDTM
Backpack BILL_USDC_PERP
Deribit BILL_USDC-PERPETUAL