Funding arb · Price arb /

EDEN

all EDEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.048%

Price spread now: MEXC against Gate−0.214%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$472as in the Funding arb table

Net, price: spread back to 7d avg − costs−$483as in the Price arb table

costs, in and out, $10k−$4654.651% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.214%, 7d avg −0.032%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.182% cheaper against Gate than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.032%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment. 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 EDEN_USDT	0.06069	0.0289	pay 0.0289% / 8h	45m 12s	$222K	$482K	20x
Short	MEXC EDEN_USDT	0.06056	0.0100	get 0.0050% / 4h	45m 12s	$546K	$353K	50x

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 −0.214%Rate

Funding earned: −$39.69
Price spread: −0.214% → −0.032%: −$18.21
Slippage, 4 orders: −$446.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$523
Costs to cover: 4.651%
Break-even: never at this rate

Slippage from Gate: live order book, 56 min ago; MEXC: live order book, 50 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, 56 min ago	10.64 bp	207.5 bp −$208	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 50 min ago	2.45 bp	11.2 bp −$11	41.4 bp −$414	204.8 bp −$20.5K	doesn't fit

EDEN on 10 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
BloFin EDEN-USDT	+0.0069%	4h	0.06060	−0.148%	$204K	$7K	20x	as long as short
Lighter EDEN	+0.0096%	1h	0.06060	−0.148%	$26K	$12K	3x	as long as short
Aster EDENUSDT	+0.0100%	4h	0.06053	−0.262%	$62K	$80K	5x	as long as short
Binance EDENUSDT	+0.0100%	4h	0.06057	−0.194%	$3.6M	$9.6M	20x	as long as short
MEXC EDEN_USDTshort	+0.0100%	4h	0.06056	−0.214%	$546K	$353K	50x
SunX EDEN-USDT	+0.0100%	4h	0.06200	+2.159%	$1K	$1.7M	20x	as long as short
Gate EDEN_USDTlong	+0.0289%	8h	0.06069	long leg	$222K	$482K	20x
OKX EDEN-USDT-SWAP	+0.0337%	4h	0.06069	0.000%	$717K	$3.1M	20x	as long as short
KuCoin EDENUSDTM	+0.0628%	4h	0.06069	0.000%	$1.3M	$7.8M	20x	as long as short
Bybit EDENUSDT	+0.0971%	4h	0.06057	−0.198%	$1.7M	$1.4M	20x	as long as short