Funding arb · Price arb /

COAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0496%/8h= −54.3% APRpaid last 24h −0.063%

Price spread now: Gate against MEXC−0.093%7-day average −0.214% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1641.641% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 7 days−0.125%−$12 · spread now −0.093%, 7d avg −0.214%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.121% dearer against MEXC than usual: you sell high and buy low (spread −0.093% now, against its 7-day average of −0.214%): +$12 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.146% in total) that is about 5.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment. 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 COAI_USDT	0.3243	0.0596	pay 0.0298% / 4h	2h 49m	$2.9M	$344K	50x
Short	Gate COAI_USDT	0.3240	0.0100	get 0.0100% / 8h	6h 49m	$1.4M	$74K	10x

Funding 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

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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 MEXCbpFee GatebpOrdersPrice spread, now −0.093%Rate

Funding earned: −$104.16
Price spread: −0.093% → −0.214%: $12.14
Slippage, 4 orders: −$149.14
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$256.17
Costs to cover: 1.641%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	3.08 bp	13.1 bp −$13	96.4 bp −$964	159.6 bp −$16.0K	487.1 bp −$243.5K
Sell Gate live order book, 3 min ago	4.63 bp	61.7 bp −$62	doesn't fit	doesn't fit	doesn't fit

COAI 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
GRVT COAI_USDT_Perp	0.0000%	4h	0.2809	−13.386%	$237K	$897	10x	as long as short
Bybit COAIUSDT	+0.0100%	4h	0.3239	−0.123%	$2.8M	$386K	13x	as long as short
OKX COAI-USDT-SWAP	+0.0100%	4h	0.3242	−0.031%	$1.2M	$430K	10x	as long as short
Gate COAI_USDTshort	+0.0100%	8h	0.3240	−0.093%	$1.4M	$74K	10x
KuCoin COAIUSDTM	+0.0100%	4h	0.3238	−0.148%	$2.4M	$2.0M	10x	as long as short
Bitget COAIUSDT	+0.0100%	4h	0.3240	−0.093%	$2.2M	$205K	10x	as long as short
SunX COAI-USDT	+0.0100%	4h	0.3239	−0.139%	$2K	$880K	20x	as long as short
Aster COAIUSDT	+0.0307%	4h	0.3247	+0.123%	$35K	$15K	5x	as long as short
BingX COAI-USDT	+0.0558%	4h	0.3241	−0.062%	—	$2.3M	—	as long as short
MEXC COAI_USDTlong	+0.0596%	4h	0.3243	long leg	$2.9M	$344K	50x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance COAIUSDT	+0.0599%	4h	0.3241	−0.062%	$3.4M	$1.2M	10x	as long as short