Funding you earn now, next payment 00:00 UTC+0.0976%/8h= +106.9% APRnext payment +$4.88 per $10,000 · paid last 24h +0.192%
Price spread now: MEXC against Gate−0.202%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$466as in the Funding arb table
Net, price: spread back to 7d avg − costs−$537as in the Price arb table
costs, in and out, $10k−$5175.171% of the position
Funding, last 7 days+0.510%+$51 on $10k
+Price spread, last 4 days (all we have)+0.515%+$51 · spread now −0.202%, 7d avg +0.001%
=Funding pays, the price is against you. MEXC is 0.203% cheaper against Gate than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of +0.001%). If the spread goes back, that is −$20 on $10k: about 17 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.510% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.510% in total (about 26.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.88 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 CTR_USDT | 0.01189 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $114K | $16K | 20x |
| Short | MEXC CTR_USDT | 0.01187 | 0.1076 | get 0.0538% / 4h | 2h 41m | $642K | $130K | 20x |
Gate CTR_USDT
MEXC CTR_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
- $204.96
- Price spread: −0.202% → +0.001%
- −$20.3
- Slippage, 4 orders
- −$494.13
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$332.47
- Costs to cover
- 5.171%
- Break-even
- 18.4 days
Slippage from Gate: live order book, 40 min ago; MEXC: live order book, 42 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, 40 min ago | 12.63 bp | 135.3 bp −$135 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 42 min ago | 2.96 bp | 19.3 bp −$19 | 87.6 bp −$876 | 489.5 bp −$48.9K | doesn't fit |
CTR 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter CTR | +0.0096% | 1h | 0.01185 | −0.336% | $9K | $339 | 3x | as long as short |
| Bybit CTRUSDT | +0.0100% | 4h | 0.01187 | −0.177% | $252K | $121K | 20x | as long as short |
| Gate CTR_USDTlong | +0.0100% | 4h | 0.01189 | long leg | $114K | $16K | 20x | |
| KuCoin CTRUSDTM | +0.0100% | 4h | 0.01186 | −0.252% | $274K | $342K | 20x | as long as short |
| Aster CTRUSDT | +0.0714% | 4h | 0.01184 | −0.454% | $9K | $6K | 5x | as long as short |
| Bitget CTRUSDT | +0.0996% | 4h | 0.01188 | −0.084% | $543K | $55K | 20x | as long as short |
| MEXC CTR_USDTshort | +0.1076% | 4h | 0.01187 | −0.202% | $642K | $130K | 20x | |
| Binance CTRUSDT | +0.1085% | 4h | 0.01187 | −0.185% | $2.2M | $816K | 20x | as long as short |
Lighter CTR
Bybit CTRUSDT
KuCoin CTRUSDTM
Aster CTRUSDT
Bitget CTRUSDT
Binance CTRUSDT