Funding you earn now, next payment 00:00 UTC−0.0400%/8h= −43.8% APRnext payment −$2.00 per $10,000 · paid last 24h +0.075%
Price spread now: MEXC against Gate−0.236%7-day average +0.221% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,923as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,980as in the Price arb table
costs, in and out, $10k−$2,93429.341% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.354%+$35 · spread now −0.236%, 7d avg +0.221%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and MEXC is 0.457% cheaper against Gate than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.221%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.113%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.00 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 DELTA_USDT | 0.02031 | 0.0166 | pay 0.0083% / 4h | 6m 29s | $61K | $284K | 10x |
| Short | MEXC DELTA_USDT | 0.02026 | −0.0234 | pay 0.0117% / 4h | 6m 29s | $33K | $153K | 20x |
Gate DELTA_USDT
MEXC DELTA_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
- −$84
- Price spread: −0.236% → +0.221%
- −$45.71
- Slippage, 4 orders
- −$2,899.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 10 bp × 2 orders
- −$20
- Net
- −$3,063.81
- Costs to cover
- 29.341%
- Break-even
- never at this rate
Slippage from Gate: live order book, 65 min ago; MEXC: live order book, 52 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, 65 min ago | 141.89 bp | 1101.3 bp −$1,101 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 52 min ago | 14.96 bp | 617.0 bp −$617 | doesn't fit | doesn't fit | doesn't fit |
DELTA on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC DELTA_USDTshort | −0.0234% | 4h | 0.02026 | −0.236% | $33K | $153K | 20x | |
| Aster DELTAUSDT | +0.0100% | 1h | 0.02031 | +0.007% | $21K | $34K | 5x | as long as short |
| Gate DELTA_USDTlong | +0.0166% | 4h | 0.02031 | long leg | $61K | $284K | 10x | |
| BingX DELTA-USDT | +0.0280% | 4h | 0.02028 | −0.148% | — | $274K | — | as long as short |
Aster DELTAUSDT
BingX DELTA-USDT