Funding arb · Price arb /

CC

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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+0.093%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1531.533% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.093%, 7d avg +0.039%

Together, before fees−0.153%−$15 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 0.054% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CC_USDT	0.1179	0.0100	pay 0.0050% / 4h	10m 22s	$364K	$214K	50x
Short	MEXC CC_USDT	0.1181	0.0100	get 0.0050% / 4h	10m 22s	$1.6M	$316K	100x

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 +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.039%: $5.41
Slippage, 4 orders: −$134.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$147.85
Costs to cover: 1.533%
Break-even: never at this rate

Slippage from Gate: live order book, 65 min ago; MEXC: live order book, 6 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, 65 min ago	10.77 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.42 bp	5.1 bp −$5	58.4 bp −$584	255.1 bp −$25.5K	646.0 bp −$323.0K

CC on 19 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
Injective CC/USDC PERP	−0.3320%	1h	0.1169	−0.890%	$6K	$100	5.5x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1181	+0.099%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1181	+0.148%	$35K	$38K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1181	+0.127%	$11.1M	$11.2M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1181	+0.102%	$10.7M	$3.8M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1182	+0.212%	$2.6M	$3.5M	20x	as long as short
Gate CC_USDTlong	+0.0100%	4h	0.1179	long leg	$364K	$214K	50x
MEXC CC_USDTshort	+0.0100%	4h	0.1181	+0.093%	$1.6M	$316K	100x
KuCoin CCUSDTM	+0.0100%	4h	0.1182	+0.212%	$501K	$116K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1182	+0.187%	$943K	$792K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1181	+0.136%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1181	+0.085%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1180	+0.070%	$589K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1183	+0.297%	$82K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1180	+0.046%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1181	+0.161%	$589K	$107K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1182	+0.203%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0513%	1h	0.1183	+0.339%	$5.5M	$1.4M	3x	as long as short
Lighter CC	+0.1008%	1h	0.1186	+0.551%	$236K	$154K	5x	as long as short