Funding you earn now, next payment 00:00 UTC+0.0726%/8h= +79.5% APRnext payment +$3.63 per $10,000 · paid last 24h +0.139%
Price spread now: MEXC against Gate+0.082%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
Funding, last 7 days+0.331%+$33 on $10k
+Price spread, last 7 days−0.175%−$17 · spread now +0.082%, 7d avg +0.153%
=Funding pays, the price is against you. MEXC is 0.071% cheaper against Gate than usual: you would sell low and buy high (spread +0.082% now, against its 7-day average of +0.153%). If the spread goes back, that is −$7 on $10k: about 8 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.331% in total) that is about 36 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.331% in total (about 17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.63 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 BTW_USDT | 0.8091 | 0.0594 | pay 0.0297% / 4h | 31m 27s | $3.5M | $15.9M | 10x |
| Short | MEXC BTW_USDT | 0.8098 | 0.1320 | get 0.0660% / 4h | 31m 27s | $9.7M | $6.1M | 20x |
Gate BTW_USDT
MEXC BTW_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
- $152.46
- Price spread: +0.082% → +0.153%
- −$7.1
- Slippage, 4 orders
- −$100.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $30
- Costs to cover
- 1.154%
- Break-even
- 5.6 days
Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago | 9.63 bp | 43.4 bp −$43 | 72.1 bp −$721 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.85 bp | 11.7 bp −$12 | 56.0 bp −$560 | 255.2 bp −$25.5K | 872.1 bp −$436.0K |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8093 | +0.019% | $200K | $766K | 10x | as long as short |
| Gate BTW_USDTlong | +0.0594% | 4h | 0.8091 | long leg | $3.5M | $15.9M | 10x | |
| Aster BTWUSDT | +0.1173% | 4h | 0.8095 | +0.042% | $2.2M | $2.9M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1262% | 4h | 0.8097 | +0.065% | $7.5M | $4.8M | 10x | as long as short |
| Bitget BTWUSDT | +0.1296% | 4h | 0.8117 | +0.314% | $25.7M | $13.4M | 5x | as long as short |
| Binance BTWUSDT | +0.1312% | 4h | 0.8103 | +0.139% | $113.0M | $167.8M | 10x | as long as short |
| Extended BTW-USD | +0.1320% | 1h | 0.8092 | +0.003% | $39K | $11K | 5x | as long as short |
| MEXC BTW_USDTshort | +0.1320% | 4h | 0.8098 | +0.082% | $9.7M | $6.1M | 20x | |
| edgeX BTWUSDC | +0.1355% | 4h | 0.8092 | +0.013% | $333K | $500K | 10x | as long as short |
| Bybit BTWUSDT | +0.1509% | 4h | 0.8091 | −0.002% | $15.8M | $38.7M | 10x | as long as short |
HTX BTW-USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Binance BTWUSDT
Extended BTW-USD
edgeX BTWUSDC
Bybit BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTW-USDT | +0.1543% | 4h | 0.8102 | +0.131% | — | $4.4M | — | as long as short |
BingX BTW-USDT