Funding arb · Price arb /

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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+0.221%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1191.187% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.221%, 7d avg +0.073%

Together, before fees+0.058%+$6 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 0.148% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CP_USDT	0.01357	0.0100	pay 0.0050% / 4h	8m 26s	$560K	$516K	20x
Short	MEXC CP_USDT	0.01360	0.0100	get 0.0050% / 4h	8m 26s	$1.5M	$368K	20x

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 +0.221%Rate

Funding earned: $0
Price spread: +0.221% → +0.073%: $14.8
Slippage, 4 orders: −$99.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$103.91
Costs to cover: 1.187%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago	11.03 bp	45.2 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.67 bp	15.4 bp −$15	51.5 bp −$515	346.7 bp −$34.7K	doesn't fit

CP 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
BingX CP-USDT	+0.0070%	4h	0.01361	+0.295%	—	$1.0M	—	as long as short
Bybit CPUSDT	+0.0100%	4h	0.01360	+0.221%	$1.5M	$2.4M	20x	as long as short
OKX CP-USDT-SWAP	+0.0100%	4h	0.01360	+0.221%	$3.7M	$10.7M	20x	as long as short
Gate CP_USDTlong	+0.0100%	4h	0.01357	long leg	$560K	$516K	20x
MEXC CP_USDTshort	+0.0100%	4h	0.01360	+0.221%	$1.5M	$368K	20x
KuCoin CPUSDTM	+0.0100%	4h	0.01360	+0.221%	$189K	$924K	20x	as long as short
Bitget CPUSDT	+0.0100%	4h	0.01358	+0.088%	$785K	$1.5M	20x	as long as short
BloFin CP-USDT	+0.0119%	4h	0.01358	+0.074%	$413	$37K	20x	as long as short