Funding you earn now, next payment 04:00 UTC−0.0678%/8h= −74.2% APRnext payment −$3.39 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Gate−0.485%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$2422.423% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.441%+$44 · spread now −0.485%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and MEXC is 0.479% cheaper against Gate than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.39 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 DATA_USDT | 0.2268 | −0.2394 | get 0.1197% / 4h | 2h 12m | $117K | $86K | 20x |
| Short | MEXC DATA_USDT | 0.2257 | −0.3072 | pay 0.1536% / 4h | 2h 12m | $103K | $273K | 20x |
Gate DATA_USDT
MEXC DATA_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
- −$142.38
- Price spread: −0.485% → −0.006%
- −$47.85
- Slippage, 4 orders
- −$223.32
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$432.55
- Costs to cover
- 2.423%
- Break-even
- never at this rate
Slippage from Gate: live order book, 14 min ago; MEXC: live order book, 37 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, 14 min ago | 15.60 bp | 87.7 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 37 min ago | 4.51 bp | 14.2 bp −$14 | 55.7 bp −$557 | 667.9 bp −$66.8K | doesn't fit |
DATA 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX DATA-USDT-SWAP | −0.3073% | 4h | 0.2255 | −0.573% | $1.3M | $7.0M | 20x | as long as short |
| MEXC DATA_USDTshort | −0.3072% | 4h | 0.2257 | −0.485% | $103K | $273K | 20x | |
| Gate DATA_USDTlong | −0.2394% | 4h | 0.2268 | long leg | $117K | $86K | 20x | |
| Extended DATA-USD | −0.1432% | 1h | 0.2255 | −0.554% | $942 | $60 | 5x | as long as short |
| Bybit DATAUSDT | −0.1157% | 4h | 0.2264 | −0.176% | $1.3M | $1.7M | 20x | as long as short |
| KuCoin DATAUSDTM | −0.1050% | 4h | 0.2261 | −0.309% | $205K | $1.0M | 30x | as long as short |
| Lighter DATA | −0.0184% | 1h | 0.2266 | −0.088% | $72K | $225K | 10x | as long as short |
| Bitget DATAUSDT | +0.0100% | 4h | 0.2265 | −0.132% | $679K | $469K | 50x | as long as short |
OKX DATA-USDT-SWAP
Extended DATA-USD
Bybit DATAUSDT
KuCoin DATAUSDTM
Lighter DATA
Bitget DATAUSDT