Funding you earn now, next payment 08:00 UTC−0.0340%/8h= −37.2% APRnext payment −$1.70 per $10,000 · paid last 24h +0.023%
Price spread now: MEXC against Gate−0.498%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8,105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9,810as in the Price arb table
costs, in and out, $10k−$9,75597.555% of the position
Funding, last 7 days+16.509%+$1,651 on $10k
+Price spread, last 4 days (all we have)+0.526%+$53 · spread now −0.498%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and MEXC is 0.549% cheaper against Gate than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of +0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +16.509%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate EMBER_USDT | 0.01206 | 0.0100 | pay 0.0050% / 4h | 2h 43m | $107K | $229K | 10x |
| Short | MEXC EMBER_USDT | 0.01200 | −0.0240 | pay 0.0120% / 4h | 2h 43m | $37K | $105K | 20x |
Gate EMBER_USDT
MEXC EMBER_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
- −$71.4
- Price spread: −0.498% → +0.052%
- −$54.94
- Slippage, 4 orders
- −$9,736.48
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$9,881.82
- Costs to cover
- 97.555%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; MEXC: live order book, 41 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, 1 min ago | 45.70 bp | 5130.3 bp −$5,130 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 41 min ago | 141.64 bp | 536.2 bp −$536 | doesn't fit | doesn't fit | doesn't fit |
EMBER on 3 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 EMBER_USDTshort | −0.0240% | 4h | 0.01200 | −0.498% | $37K | $105K | 20x | |
| BingX EMBER-USDT | −0.0240% | 4h | 0.01206 | 0.000% | — | $1.1M | — | as long as short |
| Gate EMBER_USDTlong | +0.0100% | 4h | 0.01206 | long leg | $107K | $229K | 10x |
BingX EMBER-USDT