Funding you earn now, next payment 04:00 UTC−0.1048%/8h= −114.8% APRnext payment −$5.24 per $10,000 · paid last 24h −0.019%
Price spread now: MEXC against Gate−0.325%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1711.711% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.325%, 7d avg −0.096%
=Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and MEXC is 0.229% cheaper against Gate than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.096%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.211%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.24 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 C_USDT | 0.08005 | 0.1148 | pay 0.0574% / 4h | 2h 55m | $326K | $561K | 20x |
| Short | MEXC C_USDT | 0.07979 | 0.0100 | get 0.0050% / 4h | 2h 55m | $218K | $203K | 50x |
Gate C_USDT
MEXC C_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
- −$220.08
- Price spread: −0.325% → −0.096%
- −$22.89
- Slippage, 4 orders
- −$152.12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$414.09
- Costs to cover
- 1.711%
- Break-even
- never at this rate
Slippage from Gate: live order book, 11 min ago; MEXC: live order book, 59 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, 11 min ago | 9.24 bp | 57.7 bp −$58 | 9826.8 bp −$98.3K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 59 min ago | 11.13 bp | 20.4 bp −$20 | 67.3 bp −$673 | 270.0 bp −$27.0K | doesn't fit |
C on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CUSDT | +0.0100% | 4h | 0.07984 | −0.262% | $31K | $103K | 5x | as long as short |
| Binance CUSDT | +0.0100% | 4h | 0.07983 | −0.278% | $6.5M | $12.6M | 50x | as long as short |
| MEXC C_USDTshort | +0.0100% | 4h | 0.07979 | −0.325% | $218K | $203K | 50x | |
| KuCoin CUSDTM | +0.0100% | 4h | 0.07965 | −0.500% | $641K | $148K | 25x | as long as short |
| Bitget CUSDT | +0.0100% | 4h | 0.07983 | −0.275% | $436K | $1.0M | 20x | as long as short |
| Variational Omni C | +0.0100% | 4h | 0.07993 | −0.153% | $615 | $13K | — | as long as short |
| Gate C_USDTlong | +0.1148% | 4h | 0.08005 | long leg | $326K | $561K | 20x | |
| BingX C-USDT | +0.1688% | 4h | 0.07986 | −0.237% | — | $2.4M | — | as long as short |
| Bybit CUSDT | +0.1795% | 4h | 0.07984 | −0.262% | $1.2M | $1.8M | 13x | as long as short |
Aster CUSDT
Binance CUSDT
KuCoin CUSDTM
Bitget CUSDT
Variational Omni C
BingX C-USDT
Bybit CUSDT