Funding you earn now, next payment 08:00 UTC+0.1474%/8h= +161.4% APRnext payment +$14.74 per $10,000 · paid last 24h +0.229%
Price spread now: Gate against MEXC+0.031%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1431.431% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.031%, 7d avg +0.080%
=Funding pays, the price is against you. Gate is 0.048% cheaper against MEXC than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.080%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$44 a day). At the pace of the last 7 days (+0.327% in total) that is about 25 hours.
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 +$14.74 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 CELR_USDT | 0.003185 | −0.6003 | get 0.6003% / 8h | 6h 53m | $533K | $1.6M | 50x |
| Short | Gate CELR_USDT | 0.003186 | −0.4529 | pay 0.4529% / 8h | 6h 53m | $217K | $1.3M | 25x |
MEXC CELR_USDT
Gate CELR_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
- $309.54
- Price spread: +0.031% → +0.080%
- −$4.83
- Slippage, 4 orders
- −$124.13
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $161.58
- Costs to cover
- 1.431%
- Break-even
- 3.3 days
Slippage from MEXC: live order book, 8 min ago; Gate: live order book, 4 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, 8 min ago | 1.56 bp | 10.6 bp −$11 | 42.1 bp −$421 | 253.2 bp −$25.3K | 564.9 bp −$282.5K |
| Sell Gate live order book, 4 min ago | 7.89 bp | 56.7 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
CELR on 8 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 | −0.7962% | 1h | 0.003174 | −0.353% | $34K | $61K | 10x | as long as short |
| MEXC CELR_USDTlong | −0.6003% | 8h | 0.003185 | long leg | $533K | $1.6M | 50x | |
| BloFin CELR-USDT | −0.5996% | 8h | 0.003183 | −0.063% | $356K | $413K | 25x | as long as short |
| Binance CELRUSDT | −0.5989% | 8h | 0.003184 | −0.042% | $3.6M | $52.5M | 25x | as long as short |
| KuCoin CELRUSDTM | −0.5726% | 8h | 0.003183 | −0.063% | $449K | $4.3M | 25x | as long as short |
| Bitget CELRUSDT | −0.5448% | 8h | 0.003183 | −0.063% | $589K | $5.3M | 25x | as long as short |
| Gate CELR_USDTshort | −0.4529% | 8h | 0.003186 | +0.031% | $217K | $1.3M | 25x | |
| BingX CELR-USDT | −0.3851% | 8h | 0.003186 | +0.031% | — | $2.7M | — | as long as short |
Kraken Futures PF_CELRUSD
BloFin CELR-USDT
Binance CELRUSDT
KuCoin CELRUSDTM
Bitget CELRUSDT
BingX CELR-USDT