Funding you earn now, next payment 08:00 UTC−0.0989%/8h= −108.3% APRnext payment −$9.89 per $10,000 · paid last 24h −0.229%
Price spread now: MEXC against Gate−0.156%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1301.303% of the position
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.156%, 7d avg −0.080%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and MEXC is 0.077% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.327% in total (about -17.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.89 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 CELR_USDT | 0.003196 | −0.4578 | get 0.4578% / 8h | 6h 06m | $221K | $1.3M | 25x |
| Short | MEXC CELR_USDT | 0.003191 | −0.5567 | pay 0.5567% / 8h | 6h 06m | $521K | $1.6M | 50x |
Gate CELR_USDT
MEXC CELR_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
- −$207.69
- Price spread: −0.156% → −0.080%
- −$7.66
- Slippage, 4 orders
- −$111.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$345.68
- Costs to cover
- 1.303%
- Break-even
- never at this rate
Slippage from Gate: live order book, just now; MEXC: live order book, 5 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, just now | 3.13 bp | 47.4 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.56 bp | 14.6 bp −$15 | 68.7 bp −$687 | 269.4 bp −$26.9K | 538.9 bp −$269.5K |
CELR on 7 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_CELRUSD | −0.7928% | 1h | 0.003188 | −0.263% | $34K | $58K | 10x | as long as short |
| MEXC CELR_USDTshort | −0.5567% | 8h | 0.003191 | −0.156% | $521K | $1.6M | 50x | |
| Binance CELRUSDT | −0.5563% | 8h | 0.003191 | −0.152% | $3.7M | $51.0M | 25x | as long as short |
| KuCoin CELRUSDTM | −0.5369% | 8h | 0.003192 | −0.125% | $429K | $4.3M | 25x | as long as short |
| Bitget CELRUSDT | −0.5064% | 8h | 0.003192 | −0.125% | $598K | $5.1M | 25x | as long as short |
| Gate CELR_USDTlong | −0.4578% | 8h | 0.003196 | long leg | $221K | $1.3M | 25x | |
| BingX CELR-USDT | −0.3556% | 8h | 0.003194 | −0.063% | — | $2.7M | — | as long as short |
Kraken Futures PF_CELRUSD
Binance CELRUSDT
KuCoin CELRUSDTM
Bitget CELRUSDT
BingX CELR-USDT