Funding arb · Price arb /

CROSS

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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+0.258%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,260as in the Price arb table

costs, in and out, $10k−$1,27712.766% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.258%, 7d avg +0.091%

Together, before fees−0.240%−$24 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 0.167% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CROSS_USDT	0.1470	0.0100	pay 0.0050% / 4h	1h 17m	$182K	$48K	20x
Short	MEXC CROSS_USDT	0.1474	0.0100	get 0.0050% / 4h	1h 17m	$317K	$162K	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 +0.258%Rate

Funding earned: $0
Price spread: +0.258% → +0.091%: $16.71
Slippage, 4 orders: −$1,257.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,259.86
Costs to cover: 12.766%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; MEXC: live order book, 56 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, 59 min ago	12.58 bp	343.6 bp −$344	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 56 min ago	0.34 bp	26.7 bp −$27	76.5 bp −$765	272.3 bp −$27.2K	doesn't fit

CROSS 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
Binance CROSSUSDT	+0.0100%	4h	0.1474	+0.265%	$1.5M	$3.2M	40x	as long as short
Bybit CROSSUSDT	+0.0100%	4h	0.1473	+0.177%	$672K	$684K	20x	as long as short
Gate CROSS_USDTlong	+0.0100%	4h	0.1470	long leg	$182K	$48K	20x
MEXC CROSS_USDTshort	+0.0100%	4h	0.1474	+0.258%	$317K	$162K	100x
KuCoin CROSSUSDTM	+0.0100%	4h	0.1470	−0.027%	$270K	$31K	20x	as long as short
Bitget CROSSUSDT	+0.0100%	4h	0.1470	−0.027%	$1.2M	$212K	20x	as long as short
BingX CROSS-USDT	+0.0100%	4h	0.1473	+0.177%	—	$1.3M	—	as long as short
Variational Omni CROSS	+0.0100%	4h	0.1472	+0.137%	$676	$2K	—	as long as short